Subway’s dropoff comes as rival Jersey Mike’s has seen an increase of 39.1% over the same period from May 2019 to May 2023, the data showed.
The trend doesn’t bode well for Subway’s new owner, according to Andrew Pudzer — the former CEO of CKE Restaurants, whose fast-food brands include Carl’s Jr. and Hardee’s.
Subway’s foot traffic began to inch up in the past year, rising .08% from May 1, 2022 to May 1, 2023, but was still well off gains made by Jersey Mike’s and Jimmy John’s over that span, according to Placer.ai.Subway, one of the nation’s largest fast food chains with more than 20,000 franchises in the US, touted its positive same-store sales this year, which was up 9.3% in North America compared to the prior year.
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