Chicago-based Potbelly Corp. said winter weather accounted for a 3.75-percent negative effect on first-quarter same-store sales, which fell 2.2 percent for the March 30-ended period. However, chief executive Aylwin Lewis said 2014 was to be “an exciting year,” as Potbelly still expects to open between 40 and 48 new units and achieve low-single-digit comparable sales. In the first quarter, 330-unit Potbelly added nine company-operated restaurants and two franchised units.
 

1Q NET LOSS

Result: -$300,000, or -1 cent per share
% Decrease: 1,766.7% (from $18,000, or 0 cents per share)

1Q REVENUE

Result: $73.9 million
% Increase: 7.5% (from $68.7 million)

1Q SAME-STORE SALES

% Decrease at company-operated units: 2.2%

Source: Company report



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Contact Mark Brandau at mark.brandau@penton.com.
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