Subway achieved its ninth consecutive quarter of positive sales in the first quarter of 2023.
The QSR brand enjoyed positive traffic and double-digit growth in global same-store sales and credited the growth to menu innovation, modernization efforts and improvements to the overall guest experience.
Global digital sales have more than quadrupled since the start of 2019. The quarter also saw the brand achieve its highest weekly average unit volume in the U.S. since 2010, according to a press release.
Highlights include:
Q1 global results, compared to the same period in 2022:
- 12.1% increase in same-store sales.
- 11.4% increase in digital sales.
Q1 North America results, compared to the same period in 2022:
- 11.7% increase in same-store sales, with the top 75% of locations (about 17,000 restaurants) up 17.9%, and the top 50% of locations (about 11,500 restaurants) up 24.4%.
- 21.2% increase in digital sales.
“Our continued impressive performance demonstrates that our efforts to build a better Subway and win back the hearts and minds of sandwich lovers around the globe is working,” John Chidsey, Subway CEO, said in the release. “With strong sales momentum across our restaurants and a refreshed focus on strategic brand growth, there has never been a more exciting time to be part of the Subway brand.”
