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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
Check below for free stories on PBPB;PNRA;COSI the last two weeks.
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September 15, 2014
17:27 EDTCOSICosi regains compliance with Nasdaq listing requirements
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September 11, 2014
06:12 EDTCOSIJanus Capital reports 16.8% passive stake in Cosi
September 9, 2014
15:07 EDTPNRAPanera Bread announces integration With Apple Pay
Panera Bread (PNRA) announced an integration with Apple Pay, Apple's (AAPL) new mobile payment system for iPhone 6, iPhone 6 Plus, or Apple Watch. Panera Bread will accept Apple Pay in all participating bakery-cafes in the United States once Apple Pay hits the market this fall. In preparation for the rollout, Panera will integrate Apple Pay into the Panera Bread iOS App and install VeriFone (PAY) payment terminals in company owned and franchise bakery-cafes across the United States to support contactless and Near Field Communication payments.
13:58 EDTPNRAStarbucks, Groupon, OpenTable apps among those to integrate Apple Pay
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