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Potbelly profit beats consensus by 19.7% in fiscal Q2

Potbelly Corp. said its normalized net income for the fiscal second quarter ended June 26 amounted to 15 cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.

EPS climbed 57.1% year over year from 10 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.0 million, an increase of 41.6% from $2.8 million in the year-earlier period.

The normalized profit margin rose to 3.8% from 2.9% in the year-earlier period.

Total revenue increased 9.5% year over year to $105.0 million from $95.9 million, and total operating expenses rose 7.8% year over year to $98.5 million from $91.4 million.

Reported net income grew 46.4% year over year to $3.4 million, or 13 cents per share, from $2.3 million, or 8 cents per share.