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, Subway and Panera Bread have long dominated their peers in terms of sales and popularity. However, new data indicates that a booming rival is beginning to chip away at their reign and draw more customers to its own restaurants., a provider of global consumer data insights and solutions, recently analyzed debit and credit card transaction data to see where popular sandwich chains stand in 2024—and its findings wereilluminating.
In other words, Jersey Mike's is claiming a larger proportion of sandwich sales than it used to, while Panera and Subway are claiming lower percentages. This indicates some consumers may be shifting away from Subway and Panera as Jersey Mike's grows even more popular. Expansion can provide a huge boost for a company like Jersey Mike's since it makes the brand more widely available and introduces it to potential new customers. The chain has been growing at an undeniably breakneck speed lately, withlast November that the company expects to open roughly the same number of stores in 2025 and then complete 400 to 450 openings in 2026. After that, Jersey Mike's is aiming to grow its footprint between 13% and 15% annually.
—using top-quality meats and cheeses and fresh-baked bread—is resonating with consumers. The company raked in some $3.4 billion in sales last year—a 25% increase from 2022, according to theI Tried the 5 Most Popular Subs at Jersey Mike's & the Best Was a Spicy Behemoth
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