Jersey Mike's Subs


Jersey Mike's Peter Cancro is named RB's 2024 Restaurant Leader of the Year

The CEO was chosen by the editorial staff of Restaurant Business in recognition of the success and give-back culture the Jersey native has made constants for the high-flying chain.


You can't take the station wagon out of Peter Cancro

His hands-on, down-to-earth style, forged when he bought the chain at just 17, has persisted through five decades. It’s a success formula that has earned him the selection as this year’s Restaurant Leader of the Year.

The Bottom Line: As thriving fast-food sandwich chain Jersey Mike’s ponders a potential $8 billion sale, it’s worth comparing the brand to a long-vanquished rival: Quiznos. The difference is unit economics.

The sandwich chain is reportedly open to a deal with the private equity firm or another suitor, according to media reports, though talks have cooled more recently.

The record intake in March surpassed the sub sandwich chain's previous high mark by 19%.

The sub-sandwich chain is testing a system that fields phoned-in takeout orders and provides information about the menu and store.

The sub chain has signed on Taco Bell and Burger King franchisee Redberry Restaurants to lead the charge, with a goal of adding 300 stores north of the border during the next decade.

The addition of a second concept and overseas expansion are probabilities. A change in ownership is also possible, he says.

Reality Check: McDonald's sets a new low with virtual layoffs, while Jersey Mike's wins the public's favor.

The sandwich shop CEO, who has owned the company since he was 17, led his chain to soaring sales by taking care of franchisees, workers and communities, earning a Restaurant Leader of the Year nomination.

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