Potbelly Q1 2024 Adj EPS $0.01 Beats $(0.01) Estimate, Sales $111.153M Beat $109.537M Estimate
Portfolio Pulse from Benzinga Newsdesk
Potbelly Corporation (NASDAQ:PBPB) reported Q1 2024 adjusted EPS of $0.01, surpassing the $(0.01) estimate, with sales of $111.153M exceeding the $109.537M forecast. This represents a 50% decrease in EPS and a 6.02% decrease in sales from the same period last year.
May 08, 2024 | 8:47 pm
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POSITIVE IMPACT
Potbelly's Q1 2024 earnings and sales beat estimates, with a slight EPS of $0.01 and sales of $111.153M, indicating resilience despite a year-over-year decline.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. However, the year-over-year decline in both metrics may temper the positive impact, suggesting a cautious optimism.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100