Potbelly (PBPB) shares were up more than 18% in recent trading Thursday, a day after the company reported Q1 results that topped analyst expectations.
The company reported late Wednesday Q1 breakeven adjusted earnings, compared with $0.01 per share a year earlier.
Four analysts polled by FactSet expected a loss of $0.02.
Revenue for the quarter ended March 30 was $113.7 million, up from $111.2 million a year earlier. Analysts surveyed by FactSet expected $111.7 million.
The restaurant chain said it continues to expect 2025 same-store sales growth of 1.5% to 2.5%. Potbelly also said it expects 1.5% to 2.5% same-store sales growth for Q2.
Price: 10.11, Change: +1.55, Percent Change: +18.11
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