Potbelly Q2 Adj EPS $0.07, Inline, Sales $126.62M Miss $127.10M Estimate
Portfolio Pulse from vinayak@benzinga.com
Potbelly Corporation (NASDAQ:PBPB) reported Q2 earnings of $0.07 per share, in line with analyst consensus. This is a 40% increase from the same period last year. However, the company's quarterly sales of $126.62 million missed the analyst consensus estimate of $127.10 million by 0.38%, despite being a 9.20% increase from last year.
August 04, 2023 | 2:20 pm
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Potbelly's Q2 earnings met expectations, but sales fell short of estimates.
Potbelly's earnings per share met analyst expectations, which is a positive signal. However, the company's sales missed the consensus estimate, which could negatively impact investor sentiment. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100