Potbelly Sandwich Shop plans to close eight to 10 more underperforming units this year as it faces pressure from declining traffic and attention from activist investors, the fast-casual chain’s executives revealed during a call with analysts Tuesday.
For its quarter ended Dec. 29, the Chicago-based chain reported a slight dip in same-store sales at company-owned units of negative 0.1%. Traffic, however, dropped 6.4%, offset by a 6.7% increase in average check.. . . more