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Potbelly

Financing

Potbelly’s activist investor is still lurking

Ancora Advisors, which has pressured the sandwich chain in the past, recently upped its stake in the company as its stock price continues to fall, says RB’s The Bottom Line.

Leadership

Potbelly’s CFO departs

Tom Fitzgerald, who has taken a new job, had been with the struggling sandwich chain for a year.

The revamped design switches up the chain’s traditional ordering process in hopes of boosting efficiency.

The fast-casual sandwich chain saw traffic fall 8.3% and same-store sales drop 3% during Q3.

A craveable signature sandwich can draw customers and boost sales.

The private-equity firm has been buying up stock in the sandwich chain. Exactly why is uncertain.

The sandwich chain said weather and a delayed menu revamp hurt sales, sending the stock down nearly 20%.

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

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The chain said its same-store sales have slowed so far this year due to the dual January problems.

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