How to Calculate Cost of Goods Sold for a Restaurant
Learn how to calculate restaurant cost of goods using inventory, purchases, COGS percentage, variance reviews, and regular tracking for profitability.
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Learn how to calculate restaurant cost of goods using inventory, purchases, COGS percentage, variance reviews, and regular tracking for profitability.
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Explore how Damien Harmon, the new President of North America at Subway, is driving franchisee profitability and sustainable growth with his leadership strategies and initiatives.


Damien Harmon's appointment as the President of North America at Subway marks a significant strategic move by the company to enhance its operations and drive growth. With over 20 years of experience in operations, retail, and customer experience, Harmon brings a wealth of knowledge and expertise to his new role. His primary focus includes accelerating sustainable growth, improving franchisee profitability, and elevating the guest experience across North America.
Subway's recent leadership appointments, which include Tracy Gehlan as President of Europe, the Middle East, and Africa, Artemio Garza as President of Latin America and Caribbean, and Jonathan Fitzpatrick as the CEO, signify a collective effort to revitalize the brand and drive it to new heights. Fitzpatrick emphasized the importance of aligning experienced leaders with Subway's vision to propel the brand forward.
Harmon's successful tenure at Best Buy, where he spearheaded initiatives to boost employee engagement and strengthen customer relationships, underscores his ability to deliver exceptional results. His leadership style prioritizes long-term growth and sustainability, which aligns with Subway's goals of creating a thriving franchisee ecosystem.
One of the key areas of Harmon's strategic focus is franchisee profitability. Subway's initiative to provide rebates to franchisees demonstrates a commitment to reinvesting in the business and supporting operators. By offering incentives such as rebates based on sales performance, Subway aims to enhance franchisee profitability and ensure long-term success.
The emphasis on franchisee profitability is crucial in mitigating ongoing unit closures within the U.S. system. By addressing the challenges faced by franchisees and providing financial support through programs like rebates, Subway aims to stabilize and grow its network. Harmon's strategic approach is poised to influence positive change and drive operational resilience.
Harmon's role in overseeing ongoing remodels across the U.S. system signifies a commitment to enhancing the overall guest experience and revitalizing Subway's brand image. By focusing on operational improvements and supporting franchisees, Subway aims to drive sustainable growth and strengthen its position in the market.