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Potbelly fiscal Q1 profit climbs YOY

Potbelly Corp. said its normalized net income for the fiscal first quarter ended March 29 came to $766,880, a gain from $219,130 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.9% from 0.3% in the year-earlier period.

Total revenue climbed 16.1% on an annual basis to $85.8 million from $73.9 million, and total operating expenses rose 15.0% year over year to $84.5 million from $73.5 million.

Reported net income totaled $593,500, or 2 cents per share, compared to a loss of $291,510, or a loss of 1 cents per share, in the year-earlier period.