A year after some franchise owners sued Quiznos over business practices, the restaurant chain’s chief executive said Monday he expects franchisee profits to increase 60 percent overall in the wake of improvements to the system.
Greg Brenneman also estimated a 32 percent increase in Quiznos’ EBITDA, or earnings before interest, taxes, depreciation and amortization, by the end of 2007, crediting a drop in food and paper costs, a restructured menu and fewer discounts, among other changes.Brenneman made the comments during a companywide meeting at a downtown hotel attended by 640 corporate employees, area directors and selected franchise owners.
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