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Subway CEO: ‘Subway is getting its swagger back’

admin by admin
February 2, 2023
in Restaurants & Services


Photo by Adobe Stock.

Feb. 2, 2023

Subway had another record-setting year in 2022 as a result of its multi-year transformation, which includes a focus on menu innovation, modernization of restaurants and improvements to its overall guest experience, according to a press release.

Global highlights from 2022 include:

  • A 9.2% increase in same-store sales, compared to 2021, and a 29.1% increase in same-store sales, compared to 2020.
  • Double-digit growth in digital sales around the world, compared to 2021, and more than tripling since 2019.

North American results include:

  • A 7.8% increase in same-store sales, compared to 2021, with the top three combined quartiles (about 17,000 restaurants) up 12.5%.
  • Consistently breaking decade-old highest average unit volume (AUV) per week sales records.

“As part of our journey to transform the brand, we are improving across every aspect of our business and, after two years of record sales results, we can confidently say that Subway is getting its swagger back,” John Chidsey, CEO of Subway, said in the release. “Across every region, the team’s efforts have set the stage for another year of strategic and profitable growth and exciting enhancements to our guest experience.”

The sandwich brand launched its Subway series in 2022, an all-new menu with signature sandwiches. It refreshed its catering program and expanded the rollout of non-traditional platforms like its Subway Grab & Go and smart fridges. Nearly 8,500 locations across North America offer a more contemporary look, and 2,600 remodels were completed last year. An additional 3,600 units are planned for a remodel across North America in 2023.

Internationally, the brand has more than 5,300 restaurant commitments from master franchise and development agreements.

Subway and its franchisees operates nearly 37,000 restaurants across 100 countries.



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