=Potbelly (PBPB) reported earnings on Thur 8 Nov 2018 (b/o)

Potbelly misses by $0.02, misses on revs; guides FY18 EPS below consensus

• Reports Q3 (Sep) earnings of $0.09 per share, excluding non-recurring items, $0.02 worse than the S&P Capital IQ Consensus of $0.11; revenues rose 0.8% year/year to $107 mln vs the $109.82 mln S&P Capital IQ Consensus.
  • Company-operated comparable store sales decreased 0.2%
• Co issues downside guidance for FY18, sees EPS of $0.26-0.27, excluding non-recurring items, vs. $0.37 S&P Capital IQ Consensus.
  • Company-operated comparable store sales growth in range of -1.5% to -2.0%.
  • 18-21 total shop openings, including 10-11 company operated shop openings.