Potbelly 3Q profit falls on IPO fees, adjusted income rises

Potbelly 3Q profit falls on IPO fees, adjusted income rises

The sandwich chain reported its first earnings since going public last month

Potbelly Corp. reported Tuesday a year-over-year increase in adjusted net income and quarterly revenue, as the newly public restaurant company opened nine new locations and posted a 2.5-percent same-store sales increase in the third quarter ended Sept. 29.  

Chicago-based Potbelly held an initial public offering of stock in October, leading to one-time costs and fees, as well as a dividend payout to stockholders, that negatively affected earnings. Including those expenses,

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