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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.