Three Sandwich Rivals Trying to Shave a Few Inches Off Subway’s Footlong Empire

Three Sandwich Rivals Trying to Shave a Few Inches Off Subway’s Footlong Empire

One of them is Potbelly Sandwich Shop, which filed for a $75 million IPO last week. The Chicago-based chain of 286 U.S. restaurants saw its revenue jump 15.5, percent to $274.9 million, last year, according to the filing, and the company intends to increase the number of shops by at least 10 percent annually. With an  average check of $7 at Potbelly, the restaurant considers Subway, as well as fast-casual chains such as Panera (PNRA), to be its competitors.

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