Net income fell 28 percent at Potbelly Corp. as higher labor costs offset rising revenue and sales in the third quarter ended Sept. 27, the company said Tuesday.
Revenue at the Chicago-based sandwich chain rose 13.4 percent, to $96 million, from $84.7 million a year ago. Same-store sales at company-operated units rose 3.7 percent. The company operates 358 of the chain’s 389 locations.
Net income fell despite higher sales, to $1.46 million, or 5 cents per share, from $1