=Potbelly (PBPB) reported earnings on Tue 6 Aug 2019 (a/h)

Potbelly misses by $0.08, reports revs in-line, guides for flat to low-single digit decrease in company-operated comparable store sales for FY19

Reports Q2 (Jun) loss of $0.02 per share, $0.08 worse thanthe S&P Capital IQ Consensus of $0.06; revenues fell 4.3% year/year to $105.6 mln vs the $106.01 mln S&P Capital IQ Consensus.

Company-operated comparable store sales decreased 4.0%.

Adjusted EBITDA decreased to $6.8 mln from $11.5 mln.

2019 Outlook: Co sees flat to low-single digit decrease in company-operated comparable store sales and Adjusted EBITDA between $25.0-$30.0 mln. Management slightly lowered its expected total shop openings to 10-15 versus the previously communicated 12-18.