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Potbelly Crushes Q4 Earnings, Net Income Increases 58.4%
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Potbelly Corporation (PBPB - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $0.15 per share and revenue of $102.4 million.
PBPB closed down 2.64% at $12.90 for the day and remained flat in after-hours trading shortly after its earnings report was released.
Currently, PBPB has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Potbelly:
Beat earnings estimates. The company posted earnings of $0.15 cents per share, beating our Zacks Consensus Estimate of $0.07 cents. Zacks estimates excluded $0.10 from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $102.4 million, beating our estimate of $101.9 million.
For the quarter, GAAP net income increased by 58.4% to $2.0 million from $1.2 million.
In their fiscal year of 2016, Potbelly’s company-operated comparable same store sales saw an increase of 1.4%. The company opened a total of 50 new shops during the year; 40 of those are company operated and 10 are franchised.
Guidance for the full fiscal year 2017 shows 45-60 new shop opening and flat comparable store sales growth for company-operated shops.
Chairman and CEO of Potbelly, Aylwin Lewis, stated, “we are proud of the combined effort of the men and women across the Potbelly Nation, which allowed us to deliver on our revised sales growth outlook, while protecting margins and growing earnings."
Here’s a graph that looks at Potbelly’s price, consensus and EPS surprise:
Potbelly Corporation Price, Consensus and EPS Surprise
Potbelly Corporation is a sandwich shop offering toasted sandwiches, salads, and other fresh menu items. The company first opened shop in 1977 on Lincoln Avenue in Chicago. Now, Potbelly operated over 350 company owned restaurants. Also, franchises are located domestically, in the Middle East and United Kingdom.
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Potbelly Crushes Q4 Earnings, Net Income Increases 58.4%
Potbelly Corporation (PBPB - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $0.15 per share and revenue of $102.4 million.
PBPB closed down 2.64% at $12.90 for the day and remained flat in after-hours trading shortly after its earnings report was released.
Currently, PBPB has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Potbelly:
Beat earnings estimates. The company posted earnings of $0.15 cents per share, beating our Zacks Consensus Estimate of $0.07 cents. Zacks estimates excluded $0.10 from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $102.4 million, beating our estimate of $101.9 million.
For the quarter, GAAP net income increased by 58.4% to $2.0 million from $1.2 million.
In their fiscal year of 2016, Potbelly’s company-operated comparable same store sales saw an increase of 1.4%. The company opened a total of 50 new shops during the year; 40 of those are company operated and 10 are franchised.
Guidance for the full fiscal year 2017 shows 45-60 new shop opening and flat comparable store sales growth for company-operated shops.
Chairman and CEO of Potbelly, Aylwin Lewis, stated, “we are proud of the combined effort of the men and women across the Potbelly Nation, which allowed us to deliver on our revised sales growth outlook, while protecting margins and growing earnings."
Here’s a graph that looks at Potbelly’s price, consensus and EPS surprise:
Potbelly Corporation Price, Consensus and EPS Surprise
Potbelly Corporation is a sandwich shop offering toasted sandwiches, salads, and other fresh menu items. The company first opened shop in 1977 on Lincoln Avenue in Chicago. Now, Potbelly operated over 350 company owned restaurants. Also, franchises are located domestically, in the Middle East and United Kingdom.
Which Stocks are Zacks Experts Talking About?
Stocks in today's headlines may be tempting buys, but how would you like to peek behind the curtain to see all the best stocks Zacks' team of experts are recommending? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF and options moves...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). Click here for all Zacks trades >>