Potbelly Reports Inline Non-GAAP EPS, Misses On Revenues

Following Tuesday's closing bell, Potbelly Corp PBPB reported Q2 EPS $0.13, which was inline with consensus estimates. Sales were $95.9 million versus estimates of $105.74 million.

Comparable store sales increased 1.7 percent year-over-year. The company opened seven new stores during the quarter and remains on pace to open 50 to 60 stores by the end of 2016.

CEO Aylwin Lewis said "Our comparable store sales growth of 1.7% is reflective of customer trends that have impacted the industry. Our full year sales target now reflects our current trends."

After hours, shares of Potbelly were trading lower by $0.21 or 1.73 percent to $11.93.