Potbelly 2Q revenue rises while profit fallsPotbelly 2Q revenue rises while profit falls

Revenue rose, but profits fell for the second quarter 2014 at Potbelly Corp. In the second quarter ended June 29, revenue at the sandwich chain increased 7 percent to $83.6 million, rising from $78.2 million in 2013’s comparable period, while net income fell to $2 million (7 cents per share), down from $2.9 million (14 cents per share) during the same period last year.

Potbelly does not report revenue from franchise units.

The company opened eight units, seven company-owned and one franchised during the second quarter.

2Q NET INCOME

Result: $2 million, or 7 cents a share
% Increase: 17% (from $2.9 million, or 14 cents per share)

2Q REVENUE

Result: $83.6 million
% Increase: 7% (from $78.2 million)

2Q SAME-STORE SALES

% Decrease at corporate units: 1.6%

Source: Company report

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