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Started By
Message
Subway calls ‘emergency’ meeting with franchisees as sales plummet
Posted on 8/15/24 at 9:41 am
Posted on 8/15/24 at 9:41 am
Do you ever eat at Subway?
LINK
quote:
Subway has called a hasty meeting with franchisees of its 19,000 North American sandwich shops as they grapple with faltering sales and profits, The Post has learned.
The fast food giant — which sold itself in April for $9 billion to Roark Capital, owner of Dunkin, Arby’s and Baskin Robbins — told franchisees it will reveal plans to improve traffic and win back market share at the Thursday meeting.
“This conference is essential,” Subway said in the invite. “Join us … to discuss the state of the industry and an update on our business.”
quote:
Discounting has become a contentious topic of late.
A Subway franchisee with nearly 20 stores told The Post his same-store sales are down 5% to 10% in recent weeks compared to the prior year.
“They are doing crazy coupons,” the franchisee griped.
“Our gross sales are not even at 2012 levels, and profit then was five times what it is today.”
LINK
78
Posted on 8/15/24 at 9:41 am to RLDSC FAN
Well, $5 footlongs are $16 now so that could be a reason
This post was edited on 8/15/24 at 9:42 am
Posted on 8/15/24 at 9:42 am to RLDSC FAN
Subway is going the way of Mattress Direct.
Posted on 8/15/24 at 9:42 am to RLDSC FAN
It’s probably been at least 10 years since I’ve eaten a subway sandwich. Now that they’re not the cheapest option they’re kind of pointless.
Posted on 8/15/24 at 9:42 am to RLDSC FAN
Subway sandwich ingredients are disgusting. Ever seen the chicken breast there?
They deserve to go under
They deserve to go under
Posted on 8/15/24 at 9:42 am to RLDSC FAN
Too many better sandwich shop options. Alwasy found subway bread to be hard and their toppings always look cheap.
Posted on 8/15/24 at 9:43 am to RLDSC FAN
Jersey Mike’s is better.
Posted on 8/15/24 at 9:43 am to RLDSC FAN
Wow.
Posted on 8/15/24 at 9:43 am to RLDSC FAN
They are the most expensive and the worst sandwich shop
Jersey Mikes, firehouse, they all don't skimp and it's the same price
I'd probably argue that the other shops are better quality as well.
Jersey Mikes, firehouse, they all don't skimp and it's the same price
I'd probably argue that the other shops are better quality as well.
Posted on 8/15/24 at 9:43 am to RLDSC FAN
quote:
Do you ever eat at Subway?
Occasionally, but only when I have the coupon that's three foot-longs for like $17.99 or something like that.
I stopped eating at the one near my work because one day it cost me $18 for a sandwich, chips, and a drink. I said never again.
This post was edited on 8/15/24 at 11:30 am
Posted on 8/15/24 at 9:45 am to RLDSC FAN
Better quality options available.
Jimmy John’s
Jersey Mikes
Firehouse Subs
Potbelly
Plus local spots.
Subway quality is terrible. Bread is actually not even bread.
Jimmy John’s
Jersey Mikes
Firehouse Subs
Potbelly
Plus local spots.
Subway quality is terrible. Bread is actually not even bread.
Posted on 8/15/24 at 9:46 am to BeachDude022
quote:
Well, $5 footlongs
$5 footlongs lose them money, pretty much always have, they thought they could make money on other things with them such as upsells, add ons, drinks etc
Now they can't because they lose even more on $5 footlongs.
Other companies make better sandwiches for similar prices
Posted on 8/15/24 at 9:46 am to RLDSC FAN
Their commercials went from using regular Joe's to unlikable sports celebrities.
ETA: I haven't eaten a Subway sandwich in 5+ years. I think the last one was pretty crappy sandwich.
ETA: I haven't eaten a Subway sandwich in 5+ years. I think the last one was pretty crappy sandwich.
This post was edited on 8/15/24 at 9:50 am
Posted on 8/15/24 at 9:48 am to RLDSC FAN
they opened too many and didnt divide up territories correctly.
Posted on 8/15/24 at 9:48 am to RLDSC FAN
Subway has priced itself out of its own niche.
Posted on 8/15/24 at 9:48 am to azcatiger
Quiznos was good not sure why they are no longer around
Posted on 8/15/24 at 9:49 am to Paul Allen
quote:
Quiznos was good not sure why they are no longer around
Quiznos was always better than Subway
Posted on 8/15/24 at 9:50 am to RLDSC FAN
It’s way more expensive and the quality is absolute shite. Don’t know why they are surprised
Posted on 8/15/24 at 9:51 am to CocomoLSU
I’d have said no thanks and walker out.
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