=Potbelly (PBPB) reported earnings on Tue 14 Feb 2017 (a/h)

Potbelly beats by $0.01, reports revs in-line; guides FY17 EPS in-line:

• Reports Q4 (Dec) earnings of $0.08 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.07; revenues rose 7.7% year/year to $102.4 mln vs the $102.63 mln Capital IQ Consensus.
• Co issues in-line guidance for FY17, sees EPS of $0.45-0.47 vs. $0.46 Capital IQ Consensus Estimate.
  • 45-60 total new shop openings, including 30-40 company-operated shop openings;
  • Flat Company-operated comparable store sales growth;
  • An effective tax rate that is expected to range from 36% to 38%;
  • Adjusted net income growth flat to 5%.