Sandwich chain, Potbelly Corporation (NASDAQ:PBPB), reported its first earnings yesterday since going public last month. The company saw in increase in adjusted net income and quarterly revenue on a year-over-year basis and reported that it had opened nine new locations in the quarter. Total revenues increased 11.7 percent to $78.0 million from $69.9 million in last year’s same period. Company operated store sales increased 2.5 percent for the fiscal third-quarter. Adjusted net income increased 26.7 percent to $3.2 million, or $0.15 per diluted share, compared to $2.5 million, or $0.12 per diluted share, in the same quarter of 2012.

We are pleased with our third quarter results. This was our first quarter of reporting as a public company and it was important that we achieved the growth results in line with our long-term targets. Our adjusted net income growth of 26.7 percent was a result of continued top and bottom line growth in our comparable shops, while opening nine new shops system-wide during the quarter. Additionally, as a result of our IPO, we have significant excess cash to fund our growth. We are very grateful to everyone who helped us in this effort, including our employees, investors and advisors. We view the IPO as a significant milestone, but not a destination. Our focus remains on operating the business and delivering long-term shareholder value,” said Aylwin Lewis, Chairman and Chief Executive Officer of Potbelly Corporation.

Shares have surged in today’s trading by over 16 percent on the news.

Retail giant Macy’s, Inc. (NYSE:M) hit the mark soundly producing a solid Q3 financial report this morning. The company posted EPS of $0.47 for the quarter beating the $0.39 cents a share Street consensus. Sales in the third quarter totaled $6.276 billion, up 3.3 percent from total sales of $6.075 billion in the third-quarter of 2012. Management is confident that the company will have a productive holiday season this year on the heels of its Q3 performance.

We were able to achieve a very successful third quarter of 2013, despite the tepid economic climate. This was our 15^thconsecutive quarter of improved earnings per share. Comparable sales rose by 3.5 percent in the quarter and, together with sales from departments licensed to third parties, were up 4.6 percent. Our improved sales performance resulted from continued success in the execution of our key strategies – My Macy’s localization, Omnichannel integration and Magic Selling customer engagement. In addition, business in the third-quarter benefitted from intensified marketing strategies to emphasize the outstanding value in our merchandise deliveries,” said Terry J. Lundgren, Chairman, President and Chief Executive Officer of Macy’s, Inc.

Reflecting the good news, shares are trading up almost 9 percent this morning on extremely heavy volume.

Disclosure: Author represents that she has no position in any stocks mentioned in this article at the time this article was submitted.