The beloved sandwich chain closes 30 locations
Like many quick chains, Potbelly has endured a significant drop in revenue.
A fast casual restaurant chain known for its thicknessDeli Sandwiches is fixed to close anywhere between 25 and 30 restaurants - at the bottom of itsInitial forecasts of 100 back in May.
Potbelly Corp. revealed a significant decline in year-on-year revenues during its publicationQ3 results Thursday. The quarter, which ended on September 27,Showed revenues of $ 104.2 million in 2019 to $ 72.7 million in 2020, a hollow of more than 30%.Although the chain has been able to revise its closing forecast, it plans to reduce costs of $ 3.5 million of $ 3.5 million in part through staff reductions.
Potbelly will also adopt the optimization of the company's expenses and the consolidation of franchise support services and society in an entity to further reduce costs. Since this period of last year, the channel is already down 21 restaurants belonging to companies. Other casual fast chains have focused in urban centers, such as Coin Bakery Cafe, daily bread and Shake Shack, have had such Americans from working at home.
Some of the country's largest rapid catering chains have also been forced to closely close restaurants, as the initial stoppages related to the pandemic began in March.Pizza hutFor example, flew over 1,200 of its global locations, of which more than 400 were American restaurants. Fast service breakfast and coffee chains are also troubled.Dunkin 'recently announced He had closed nearly 700 from his American pitches. (To discover other chains impacted by closures, check9 restaurant chains that have closed hundreds of locations this summer.)
Potbelly Corp. did not respond toEat this, not it's Request for comments.
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