Potbelly, Shake Shack, Axios: Here Are All The Companies Returning PPP Money After Public Backlash. BySarah Hansen, Former Staff. I cover breaking news. Apr 29, 2020, 11:15am EDT Jul 09, 2020, 11 ...

More than a dozen publicly traded companies with revenue of more than $100 million, including Shake Shack Inc. and Potbelly Corp., received loans through a massive relief program aimed at small ...

Potbelly and Shake Shack each got a $10 million PPP loan thanks to the exemption. Ruth’s Chris got $20 million, even though the loans were capped at $10 million, by applying for two subsidiaries.

Before the coronavirus struck, Shake Shack, the New York-based burger franchise, employed about 8,000 in the U.S. Potbelly, the Chicago-based sandwich chain, employed about 6,000.

Certain branches of Potbelly sandwich stores and Ruth’s Chris steak houses, which also received PPP funds, are operated as franchises. Shake Shack says on its website that it doesn’t franchise.

More than a dozen publicly traded companies with revenue of more than $100 million, including Shake Shack Inc., Potbelly Corp. and a Tex-Mex restaurant chain with more than 10,000 employees ...

These include Potbelly (PBPB-1.63%), Ruth's Hospitality Group , and scores of others. ... already dubbed the "Shake Shack loophole" in the media because of its highest-profile user.

Casual sandwich chain Potbelly (NASDAQ:PBPB) will be reporting results tomorrow after the bell. Here’s what investors should know. Potbelly met analysts’ revenue expectations last quarter ...

Potbelly beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $115.1 million, ... CAVA’s stock price was unchanged after the results, while Shake Shack was down 2.2%.

Restaurant chains Shake Shack, Ruth’s Chris Steakhouse and Potbelly’s obtained loans from the government under a small-business relief program, leading business groups to cry foul even though ...

Other fast-casual restaurants like Chipotle and Shake Shack had value scores that were 2.14% and 2.2% above the average, respectively. However, those two still had value scores slightly below ...

Restaurant chains Shake Shack, Ruth’s Chris Steakhouse and Potbelly’s each announced last week they’d obtained loans worth a combined $40 million loans under the program.