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Potbelly (NASDAQ:PBPB) Reports Q4 In Line With Expectations But Stock Drops


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  Casual sandwich chain Potbelly (NASDAQ:PBPB) in Q4 CY2024, but sales fell by 7.3% year on year to $116.6 million. Its non-GAAP profit of $0.13 per share was 92.6% above analysts' consensus estimates.

Potbelly Corporation (NASDAQ: PBPB) reported its Q4 earnings, which were in line with expectations, yet its stock experienced a decline. The company's earnings per share (EPS) for the quarter was $0.08, matching the consensus estimate, while revenue reached $118.7 million, slightly above the expected $118.0 million. Despite these results, Potbelly's stock dropped by 10% in after-hours trading. This reaction could be attributed to the company's cautious outlook for the upcoming year, where it projected a modest same-store sales growth of 2.5% to 5.5% and an adjusted EBITDA between $26 million and $30 million. Additionally, while the company saw a 6.3% increase in same-store sales and opened 11 new shops, the market might have been expecting more aggressive growth or profitability improvements.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/potbelly-nasdaq-pbpb-reports-q4-in-line-with-expectations-but-stock-drops/ar-AA1Apj0m ]

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