Top sandwich chains showing growth
January 07, 2009
by FoodBusinessNews.net Staff
CHICAGO — Despite the current economic conditions, a number of limited-service sandwich chains have shown growth recently, according to Technomic.
"Though the economy has moved from bad to worse, the limited-service sandwich segment is holding its own," said Darren Tristano, executive vice-president at Technomic. "Its resilience comes from its ability to provide customers with a range of offerings from low cost to high end. The Top 100 sandwich chains have displayed an array of tactics for weathering the economic storm from revising their pricing strategies to making menu offerings more memorable and substantial to renovating their stores."
In 2007, Subway added nearly a half billion dollars in revenue along with 440 new units, and Quiznos added $261 million in revenue and 178 units, according to "2008 Technomic Top 100 Limited-Service Sandwich Chains Restaurant Report."
The limited-service sandwich industry had a total of $21.2 billion in sales in 2007 with Subway leading the category with more than $8 billion in sales. Arby’s came in second with $3.3 billion in sales and Quiznos came in third with $1.9 billion.
The sub, deli and sandwich sub-categories represented the greatest number of concepts, with sub and roast beef having the highest 2007 sales.