Core Insights - Potbelly has transformed significantly over the past five years, moving from sales declines to a growth strategy under CEO Bob Wright, who joined in 2020 [3] - The company has implemented a five-point strategy focusing on franchised development, menu enhancement, and digital brand awareness [3] - Potbelly's operational changes include the introduction of the Potbelly Digital Kitchen and a new smaller store format to reduce costs [4] Financial Performance - The chain reported a company-operated same-store sales growth of 3.2% in Q2, distinguishing itself as one of the few fast casual chains to see improvement in this metric during the quarter [5] Strategic Developments - Potbelly has been acquired by RaceTrac for $566 million, with the transaction expected to close in the fourth quarter [7] - RaceTrac's acquisition will allow Potbelly to leverage its extensive network for expansion, while maintaining Potbelly as a distinct brand [6] Growth Goals - Potbelly aims to reach a long-term goal of 2,000 units, supported by the recent acquisition and existing franchise commitments that could increase its total to 816 units [7] Market Challenges - Potbelly faces risks such as geographic concentration in Chicago, intense competition, ongoing wage inflation, and third-party delivery fees impacting margins [6]

Core Viewpoint - European Wax Center, Inc. has appointed Angela Jaskolski as Chief Operating Officer and Kurt Smith as Chief Development Officer, both bringing extensive experience in franchise operations and development to enhance the company's growth strategy [1][4]. Group 1: Executive Appointments - Angela Jaskolski will assume the role of Chief Operating Officer on August 18, 2025, overseeing Franchise Operations, Field Training, Learning and Development, and Industry Engagement [1][2]. - Kurt Smith will take on the position of Chief Development Officer on July 22, 2025, responsible for Business Development, Real Estate, Market Planning, and Franchise Recruitment [1][3]. Group 2: Experience and Background - Ms. Jaskolski has over 20 years of executive-level experience, previously serving as Chief Store Officer at Madison Reed, where she significantly improved average unit volume (AUV) and EBITDA [2][5]. - Mr. Smith has nearly 20 years of global leadership experience, most recently as Vice President and General Manager of Pizza Hut Latin America and the Caribbean, achieving record-high profitability and franchisee engagement [3][6]. Group 3: Company Overview - European Wax Center is the leading franchisor and operator of out-of-home waxing services in the United States, performing over 23 million services annually [7]. - The company generated sales of $951 million in fiscal 2024 and operates more than 1,000 centers across 45 states [8].