Diamonds and Dogs
Potbelly Corporation (PBPB)
Potbelly is looking delicious today, up 14.58% to $16.27. The sandwich shop company saw its shares rally after better than expected fourth quarter earnings. For the quarter, management announced a profit of $0.06 per share which beat the consensus estimate of $0.03 per share. Revenue for the fourth quarter climbed 13.4% year-over-year to $84.8 million. Analysts had expected revenue of $83.28 million. Furthermore for the full year, Potbelly expects a 20% growth in net income due to new stores. Shares of Potbelly climbed over $2.00 today but are still off of their 52-week high of $21.60.
Fossil Group Inc. (FOSL)
Fossil Group is looking like a buried artifact today, down 17.25% to $82.19. The watch/fashion accessory company saw its shares get crushed after releasing earnings and lowering guidance. For the quarter, Fossil saw revenue of $1.06 billion which equates to an EPS of $3.00. Both numbers missed analysts' estimates of $1.1 billion and $3.07, respectively. Furthermore, for the current quarter, management sees an EPS of $0.59-0.69, which again is well short of analysts' forecast for $1.25 per share. Shares of Fossil fell over $17.00 today and hit a new 52-week low of $79.85 intraday.