Potbelly

Potbelly decides to take a $10M PPP loan

The struggling sandwich chain returned its PPP money last spring but opted to accept a loan during the second funding round to help it stay afloat.

Technology

Potbelly stock surges on news that it’s back from the brink

The fast-casual sandwich chain said it has resolved issues that caused it to send out a going concern warning in May.

Leadership

Potbelly names former Wendy’s exec Robert Wright as president and CEO

By Heather Lalley on Jul. 20, 2020

Wright takes over at the struggling sandwich brand from Alan Johnson.

Financing

An activist takes Potbelly to task over its stock performance

By Jonathan Maze on Jun. 29, 2020

180 Degree Capital called the company’s performance “unacceptable” even with the pandemic, says RB’s The Bottom Line.

Financing

Potbelly works to avoid bankruptcy

By Jonathan Maze on Jun. 12, 2020

The sandwich chain is negotiating with landlords to close locations but has hired restructuring advisors, says RB’s The Bottom Line.

Financing

Potbelly expresses concern over its future as a company

By Heather Lalley on May 19, 2020

The struggling sandwich chain included a going concern warning in its financial filing, noting that it likely will not be able to comply with its credit agreement and may not survive the year.

Operations

Why Potbelly is mulling permanently closing a quarter of its units

By Heather Lalley on May 13, 2020

The struggling fast casual said it might shutter 100 sandwich shops that were performing poorly before the pandemic as it scrambles to make up ground lost to the impacts of the virus.

Operations