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Stock Market & Financial Investment News

News Breaks
July 10, 2014
11:40 EDTPBPB, PNRA, COSIPotbelly plummets to 52-week low after outlook falls short
Shares of sandwich maker Potbelly (PBPB) are tanking after the company's second quarter and fiscal 2014 outlook fell significantly short of analysts' consensus estimates. WHAT'S NEW: Last night, Potbelly forecast Q2 adjusted earnings per share of approximately 6c and revenue of approximately $83.6M, far short of the consensus estimate of 12c and $86.66M, respectively. The company expects to report a decrease in company-operated comparable store sales of 1.6%, or a decrease of 0.9% when excluding the shift of the Easter holiday from the first fiscal quarter to the second fiscal quarter. WHAT'S NOTABLE: Based on the preliminary results for its second fiscal quarter, management revised its financial outlook for fiscal 2014. FY14 adjusted EPS is now expected to be 18c-21c, far below the consensus of 34c. For the fiscal year, Potbelly sees flat to negative low single-digit comparable store sales, compared to its previous guidance of low single-digit company-operated comparable store sales growth. PRICE ACTION: In late morning trading, Potbelly fell $3.50, or about 24%, to $11.15 on nearly seven times its average daily trading volume. Earlier in the session, the stock hit a new 52-week low of $10.95. Including today's pull back, the stock is down approximately 64% from its first day of public trading. Potbelly opened for trade at $28.66 on October 4 of last year after pricing its initial public offering at $14.00 per share. OTHERS TO WATCH: Other companies in the sandwich space include Panera Bread (PNRA) and Cosi (COSI), both of which are down about 1%.
News For PBPB;PNRA;COSI From The Last 14 Days
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October 30, 2014
08:09 EDTPNRAPanera Bread showing early signs of progress, says Bernstein
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October 29, 2014
10:20 EDTPNRAHigh option volume stocks
High option volume stocks: KCG OI SWI SNY ITUB AWI GDOT PNRA EA ZLTQ
08:07 EDTPNRAPanera Bread shares poised to rebound, says Oppenheimer
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October 28, 2014
18:42 EDTPNRAOn The Fly: After Hours Movers
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16:36 EDTPNRAPanera Bread now sees Q4 EPS $1.77-$1.87, consensus $1.93
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16:35 EDTPNRAPanera Bread narrows FY14 EPS view to $6.60-$6.70, consensus $6.70
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16:33 EDTPNRAPanera Bread reports Q3 EPS $1.46, consensus $1.42
Reports Q3 revenue $619.89M, consensus $620.39M. Reports Q3 company-owned comparable net bakery-cafe sales increased 2.1%, franchise-operated comparable net bakery-cafe sales increased 0.7%, and system-wide comparable net bakery-cafe sales increased 1.4% compared to the same period in fiscal 2013.
October 27, 2014
14:31 EDTPNRAPanera Bread volatility increases into Q3 and outlook
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