Gather · Pricing & Value Perception Study

Noah's Pricing & Value Perception Study

A conversational study of how customers perceive the price-to-value tradeoff across Noah's's core menu — bagels, sandwiches, coffee, and baker's dozens.
Completed Interviews
131
Method
SMS conversational AI
Pricing Framework
Van Westendorp Price Sensitivity
Geographic Scope
California-focused

Executive Summary

Among 131 completed interviews, the majority of Noah's customers feel the brand's pricing is broadly fair — 93 (72.1%) said the price-to-value tradeoff feels positive, with another 24 (18.6%) giving a mixed verdict and only 12 (9.3%) calling it outright unfair.

That said, when customers were asked where pricing felt most off, sandwich pricing emerged as the dominant concern — cited by 62 of 131 respondents (47.3%). Bagel pricing came in second (31, 23.7%), followed by coffee (14, 10.7%) and cream cheese add-ons (15, 11.5%). Respondents could mention more than one area, so these tallies overlap slightly.

On the core bagel with cream cheese, the median "good deal" price lands at $3.00, with customers starting to feel it's pricey at $4.00 and walking away at $4.88. For a classic egg & cheese sandwich, the good-deal median is $5.00 with a walk-away median of $7.00. The Van Westendorp Optimal Price Points align closely with these medians, suggesting current price perception is well-anchored.

Most customers say the value question is fundamentally not about price alone — when asked what value means to them, 41 (31.3%) said it's about quality, 27 (20.6%) said portions, and 34 (26.0%) said price itself.

Key Headline Metrics

A quick snapshot of where Noah's's pricing perception sits across the most important menu items.

Bagel + Cream Cheese
$3.00
Median "good deal" (93% of completions)
Bagel + CC Walk-Away
$4.88
Median price they'd skip it (93% of completions)
Classic Egg & Cheese
$5.00
Median "good deal" (92% of completions)
Egg & Cheese Walk-Away
$7.00
Median price they'd skip it (92% of completions)
Signature Sandwich
$7.00
Median "good deal" (92% of completions)
Signature Walk-Away
$9.00
Median "too much" price (93% of completions)
Baker's Dozen
$11.10
Median "great price" (95% of bulk-bagel buyers)
Dozen → Grocery Store
$15.00
Median price they'd switch (76% of bulk-bagel buyers)

Overall Value Sentiment

"How do you feel about what you spend at Noah's — does it feel like a fair deal for what you get?"

Value Perception Breakdown

Did You Notice Recent Price Changes?

What this tells us

93 of 129 respondents (72.1%) feel Noah's's pricing is fundamentally fair — a strong positive base. But 36 (27.9%) had reservations, and roughly 41.4% of those who responded say they've noticed recent price changes. Specific items (not the brand overall) drive most criticism.

"The food is fresh and hot/well packaged for take out. The experience is clean and inviting. The portions are average and seem to be declining in size in the past year or so."
"I'm conveniently ordering online, so it's ready when I arrive and I have two bagels with schmear and a coffee for $9. It's that whole thing that makes it feel worth it."
"Freshness and taste of the food and coffee. Wide variety of bagels and shmears. I really loved the garlic herb shmear when you had it on your menu."
"The prices seem to keep increasing and even though the quality is very good (particularly the quality of the bagels), the value for them and the associated cream cheese (which I see as lower value) is changing"
"When one basic bagel costs 1/3 to 1/2 the cost of a loaf of bread, it costs too much. Premium bagels with an up charge of almost $1 that’s not worth it. IMO"
"Apecific items. Breakfast sandwich are expensive. Im not getting bang for the buck. I understand a muffin cost $4.50. I won't pay more."

Mixed perspectives

"I wouldn't say you have any good deals, just that your prices are not out of line with the rise in prices generally at restaurants, therefore, I would still eat at Noah's occasionally, if I had the urge, but I wouldn't consider it a good deal and the juices and lemonade are overpriced."
"A bagel is a bread product and flour is relatively inexpensive. The cream cheese costs a little more but is still fairly low cost. The total price for two bagels with cream cheese (our usual order) should be a bit lower in my opinion."
"I guess now the bagels are a dollar a bagel on Mondays but they used to be closer to 50 cents a bagel. I think the idea that the deal was under $10 is what was appealing and now it's just under $15 which just seems like less of a deal"
"I enjoy being able to get a free coffee with my orders on the app and feel that makes it a good deal, though it would be better if other drinks were available as well. i think for the quality of the food that noah’s is good"

Van Westendorp Price Sensitivity Analysis

For each core menu item, customers were asked four price questions: at what price would it feel too cheap, a good deal, starting to feel expensive, and so expensive they'd walk away. The intersections identify the optimal pricing zone.

Bagel with Cream Cheese

The everyday transaction — what most customers are pricing against.
Median "good deal"$3.00
Median "expensive"$4.00
Optimal Price Point (OPP)$2.99
Median walk-away$4.88

Classic Egg & Cheese Sandwich

The breakfast staple — where Noah's competes with QSRs directly.
Median "good deal"$5.00
Median "expensive"$6.25
Optimal Price Point (OPP)$4.98
Median walk-away$7.00

Regular Medium Coffee

Standard drip coffee — answered by 83% of coffee buyers. Anchored heavily against Starbucks/Dunkin.
Median "good deal"$2.50
Median "expensive"$3.50
Optimal Price Point (OPP)$2.99
Median walk-away$4.00

Baker's Dozen

Bulk purchase — answered by 95% of bulk-bagel buyers. Competes against grocery-store bagels.
Median "great price"$11.10
Median "expensive"$15.00
Optimal Price Point (OPP)$11.98
Median → grocery$15.00

How to read these charts

Each chart shows four cumulative curves built from individual respondent price points. Where the "Too Cheap" and "Too Expensive" curves cross is the Optimal Price Point (OPP) — the price at which the fewest customers are alienated in either direction. Where "Good Deal" and "Expensive" cross is the Indifference Price Point — roughly where the typical customer's "fair price" sits.

Full Pricing Reference Table

All four Van Westendorp price points for every item tested, presented as median values with the interquartile range and the % of the relevant base who gave a usable answer.

Item"Too cheap"
(suspicious)
"Good deal""Getting
expensive"
"Walk away"Base
Bagel with cream cheese$2.00
$1.50 – $2.50
$3.00
$2.50 – $3.56
$4.00
$3.00 – $5.00
$4.88
$3.50 – $5.81
All completions
(n=131)
Specialty cream cheese (lox/jalapeño/etc.)—$4.00
$3.00 – $5.00
$5.00
$3.50 – $6.00
—All completions
(n=131)
Classic egg & cheese sandwich$3.00
$2.00 – $4.95
$5.00
$4.00 – $6.00
$6.25
$5.00 – $7.00
$7.00
$5.00 – $8.00
All completions
(n=131)
Signature sandwich (bacon, avocado, the works)—$7.00
$5.00 – $8.00
$9.00
$7.00 – $10.00
—All completions
(n=131)
Regular medium coffee (drip)$2.00
$1.00 – $2.00
$2.50
$2.00 – $3.00
$3.50
$3.00 – $4.00
$4.00
$3.00 – $5.00
Coffee buyers
(n=48)
Cold brew—$3.00
$2.95 – $4.00
—$4.00
$3.00 – $5.00
Coffee buyers
(n=48)
Baker's dozen (13 bagels)$8.00
$5.50 – $10.00
$11.10
$10.00 – $14.00
$15.00
$12.00 – $20.00
$15.00
$12.88 – $18.00
Bulk-bagel buyers
(n=76)
Baker's dozen + 2 cream cheese tubs (package)—$15.00
$13.00 – $18.00
$18.00
$15.00 – $20.00
—Bulk-bagel buyers
(n=76)

Each cell shows the median price with the interquartile range (the 25th–75th percentile of responses) in light grey. The base differs by category: bagels, sandwiches, and specialty cream cheeses were asked of all completions; coffee questions were asked only of coffee buyers; baker's dozen questions only of bulk-bagel buyers. Specialty cream cheese answers that came in upcharge form (e.g. "50 cents more than plain") have been converted to absolute prices by adding the respondent's own plain bagel+CC anchor.

Where Pricing Feels Most Off

"Of everything at Noah's — the coffee, the bagels, the sandwiches — where does the pricing feel most off?" Themes from 131 responses (some respondents mention more than one item).

Sandwich pricing
62 (47.3%)
Bagel pricing
31 (23.7%)
Cream cheese / spreads
15 (11.5%)
Coffee
14 (10.7%)
Don't know / no specific item
7 (5.3%)
Pricing feels fair
7 (5.3%)
Other drinks (juice, soda, smoothies)
6 (4.6%)
Deals / combos / app rewards
3 (2.3%)
Sides / baked goods
3 (2.3%)
Overall / everything
3 (2.3%)
Lox / nova
3 (2.3%)
Other / uncategorized
3 (2.3%)
Portion sizes
1 (0.8%)

Some respondents named more than one item, so the percentages above sum to more than 100%. Roughly 14.5% of completions named two or more areas where pricing feels off.

Voices on what to fix

"Sandwiches can be kind of $$ along with coffee drinks imo but I rarely buy a sandwich & never buy fancy coffee drinks. Add in a cookie or anything else like chips & it gets pricey."
"Bagels is what they do and pricing is good as it is. Sandwiches are where they make money and I am guessing coffee falls under that too. I would like to see lower coffee price."
"Probably the juice price, but next would be sandwiches. I don't drink coffee so I can't comment because I'm not familiar with coffee prices."
"Pricing feels off after $7. Fix the crispness. Once I buy and bring back to office, the bread was no longer crispy. It was soggy."
"I think that there should be combo deals - especially when using the app. Drinks are also a little pricey for what you get"
"I only buy bagels, so I can't say about the other products. But currently I think the bagels are fairly priced."

Premium Pricing Tolerance

Customers were asked whether the upcharge for specialty cream cheeses, signature sandwiches, and Noah's coffee (versus fast-food alternatives) is justified.

Specialty Cream Cheese vs. Plain

Signature Sandwich vs. Classic

Noah's Coffee vs. Fast Food Coffee (n=48 coffee buyers)

The premium-tolerance pattern

On specialty cream cheeses, opinion is split — 61 (47.3%) say the upcharge is worth it; 53 (41.1%) think specialty should be priced the same as plain. The signature-sandwich tier has the most ambivalence: 71 (54.6%) gave conditional or mixed answers. On coffee, customers are the most skeptical of paying a premium: 30 of 48 (62.5%) say Noah's coffee should match fast-food pricing, not exceed it.

What "Value" Actually Means to Customers

"Is the value thing at Noah's really about the prices, or more about what you get for those prices — like portions, quality, the experience?"

The Value Driver

Value is multidimensional

Customers separate price from value. While 34 (26.0%) said it's really about the price, more customers (68, 51.9%) said it's about quality and portion size — what they receive for the price.

Competitive Price Anchors

When customers price an egg & cheese sandwich or coffee at Noah's, what brands are they actually comparing to?

Egg & Cheese Comparison Anchors

Coffee Comparison Anchors

The competitive set

For breakfast sandwiches, customers most often mention McDonald's (20 mentions), followed by Panera (9) and Dunkin' (6). For coffee, the dominant anchor is Starbucks (18 mentions).

Recent Price Changes Customers Noticed

Of the 53 respondents who said they'd noticed recent price changes, here's what stood out — and how it affected their behavior.

"I order breakfast sandwiches typically. Many of them are smaller and cost more, with less options like mushroom/spinch/swiss cheese bagels no longer on the menu. So I go tot the store less, and make my own at home more often."
"it's so expensive for what you're actually getting. and typically at our noah's bagels, they are like the jalapeno bagels are typically..."
"It was schmear, and I only purchase one container than 2-3 as I usually would have. The higher costs have caused me to purchase less."
"I don't buy lemonade or juice unless I have an incentive, such as a coupon for a discount, which hasn't happened re that category."

The Pricing Breaking Point

"What would it take for Noah's pricing to make you go less often — or stop going? Is there a specific price point or a general feeling?"

Median price-point breaking threshold
$9.00
Among the 41 customers (31.3% of completions) who named a specific dollar threshold. Most others described it as "a general feeling" of prices climbing too far.
"If you stopped offering a free coffee with online orders that would increase my typical Noah's bill 40% ($8.96 vs. $12.55). I'd certainly go less than I do now; I go so often now they know who I am."
"I would go less often if a bagel and schmear is over 5.50. I've already been looking at options to make bagels at home but reheated bagels just never taste as good as fresh."
"If the prices went up it would stop me from going .I enjoy the bagel and the experience. The coffee is great but I enjoy the bagels and foods and the experience"
"Not a real price point other than if I see increases all the time. But if breakfast bagels sandwiches were go toward $10 then that would make me think."

Respondent Profile

Who participated in this study.

Age Distribution (n=123)

Geographic Distribution (n=125)

Sample characteristics

Median respondent age: 50 (mean: 50.4, range: 19–86). Predominantly California-based (123 of 125 respondents who provided location = 98.4%). Of all respondents, 47 (35.9%) are Noah's coffee buyers and 76 (58.0%) purchase baker's dozens in bulk.

Methodology

Study design

This study used Gather's SMS-based conversational AI to conduct guided pricing interviews with Noah's customers. The interview structure adapted the Van Westendorp Price Sensitivity Meter — a standard pricing-research framework — to a conversational format, asking each respondent for four price thresholds per item.

Completion criterion: A respondent counts as complete only if they reached the end of the interview and provided a valid email address for the $5 gift card. 131 sessions met this criterion.

Price-data treatment: Numeric responses were extracted from free-text answers. Non-numeric responses ("I don't know", "I never buy this"), percentage-only answers ("15% increase"), and obvious joke answers ("$1,000,000,000") were excluded. Cents-notation ("99 cents", ".99") and space-separated decimals ("4 99" meaning $4.99) were recognized and normalized. For specialty cream cheese questions, respondents who described an upcharge over plain (e.g. "50 cents more than regular") had their upcharge added to their own plain bagel+CC anchor price to derive an absolute total.

Gather

Conversational AI research for brands that want to actually listen.

Noah's Pricing & Value Perception Study

131 completed interviews

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