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0 -0.000294204177699265 -0.000588408355398739 0 0.000294204177699265 -0.000294204177699265 -0.000882612533098003 -0.000882612533098003
Stock impact report

Potbelly is being acquired by gas station and convenience chain RaceTrac for $566 million [Yahoo! Finance Canada]

Potbelly Corporation (PBPB) 
Last potbelly corporation earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.potbelly.com/investor-relations
Potbelly, which was founded in Chicago in 1977, has 445 restaurants across the U.S. The company said the deal with RaceTrac will help it reach its goal of quadrupling in size to 2,000 locations. Potbelly stores are both company- and franchise-owned. “With RaceTrac's resources, we will unlock new opportunity for this incredible brand while staying true to the neighborhood sandwich shop experience that makes Potbelly special,” Potbelly CEO Bob Wright said in a statement Wednesday. Potbelly shares jumped more than 31% to $16.99 in early afternoon trading. Sandwich chains have struggled in recent years, starting with the pandemic that had millions eating at home when they would usually have dined out. That made them ripe for takeovers. In 2021, Restaurant Brands International — which also owns Burger King, Popeye's and Tim Hortons — bought Firehouse Subs for $1 billion. Two years later, the private equity firm Roark Capital snapped up Subway for nearly $10 billion. Roark specia Show less Read more
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