Revenue rose, but profits fell for the second quarter 2014 at Potbelly Corp. In the second quarter ended June 29, revenue at the sandwich chain increased 7 percent to $83.6 million, rising from $78.2 million in 2013’s comparable period, while net income fell to $2 million (7 cents per share), down from $2.9 million (14 cents per share) during the same period last year.
Potbelly does not report revenue from franchise units.
The company opened eight units, seven company-owned and one franchised during the second quarter.
2Q NET INCOME
Result: $2 million, or 7 cents a share% Increase: 17% (from $2.9 million, or 14 cents per share)
2Q REVENUE
Result: $83.6 million% Increase: 7% (from $78.2 million)
2Q SAME-STORE SALES
% Decrease at corporate units: 1.6%
Source: Company report
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