Potbelly reports Q2 EPS 13c, consensus 13c
Reports Q2 revenue $110.3M, consensus $112.41M. Company-operated comparable store sales decreased 0.2%. Adjusted EBITDA decreased 2.6% to $11.5M from $11.8M.Alan Johnson, Chief Executive Officer and President of Potbelly Corporation, commented, "We are pleased with our performance in the second quarter, where we delivered revenue of $110 million and adjusted EPS of $0.13. We are encouraged by the improvement in our company-operated same store sales, which was nearly flat at -0.2%, and was driven by stronger traffic and higher check. The positive trajectory of our comp trends confirms to me that we are effectively executing on our traffic building initiatives." Johnson, continued, "While we are encouraged by our performance through the first half of the year, we recognize that 2018 is a transition year for Potbelly and there is still much work to be done. However, we have assembled the right leadership team and are executing on the right strategies to effect a successful turnaround of the Company."