Potbelly beats by $0.04, reports revs in-line; comps +8%
- Reports Q3 (Sep) earnings of $0.04 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of ($0.00); revenues rose 2.7% year/year to $120.77 mln vs the $121.59 mln FactSet Consensus.
- Positive same-store sales for the tenth-consecutive quarter, ending the third quarter at +8.0%, with traffic growth as a major driver and expansion of traffic share during each period of the quarter.
- Sees Q4 SSS +4% to +6%, adj. EBITDA of $5-$7 mln, average sales of $24,250-$24,750 AWS.
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