Potbelly swings to profit in 1Q

Potbelly swings to profit in 1Q

Revenue grows 16 percent as same-store sales rise

Potbelly Corp. reported a modest profit in the first quarter ended March 29, as same-store sales and new unit development boosted revenue, the company said Tuesday.

Potbelly reported net income of $531,000, or 2 cents a share, rising from a loss of $301,000, or 1 cent per share, in the same period a year ago.

Same-store sales at company-operated restaurants increased 5.4 percent during the quarter. Total revenue rose 16.1 percent, to $85.8 million, from $73.9 million a

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