Subway CEO: ‘Subway is obtaining its swagger back’

Subway experienced a different document-setting calendar year in 2022 as a end result of its multi-yr transformation, which contains a concentrate on menu innovation, modernization of places to eat and advancements to its overall visitor encounter, according to a press launch.

Global highlights from 2022 contain:

• A 9.2% boost in exact-retail store sales, compared to 2021, and a 29.1% boost in exact same-retail outlet revenue, in contrast to 2020.
• Double-digit expansion in electronic sales around the planet, compared to 2021, and more than tripling considering that 2019.

North American final results consist of:

• A 7.8% boost in exact same-retail store gross sales, compared to 2021, with the top 3 mixed quartiles (about 17,000 dining places) up 12.5%.
• Regularly breaking decade-previous highest ordinary device quantity (AUV) per week revenue records.

“As aspect of our journey to completely transform the brand, we are strengthening throughout every element of our business and, soon after two a long time of document gross sales success, we can confidently say that Subway is acquiring its swagger back,” John Chidsey, CEO of Subway, stated in the launch. “Throughout just about every area, the team’s efforts have set the phase for a further 12 months of strategic and worthwhile advancement and interesting enhancements to our visitor encounter.”

The sandwich manufacturer launched its Subway series in 2022, an all-new menu with signature sandwiches. It refreshed its catering application and expanded the rollout of non-common platforms like its Subway Grab & Go and smart fridges. Just about 8,500 places throughout North The usa supply a more present-day seem, and 2,600 remodels ended up finished very last year. An supplemental 3,600 units are planned for a remodel throughout North America in 2023.

Internationally, the brand has far more than 5,300 restaurant commitments from grasp franchise and enhancement agreements.

Subway and its franchisees operates practically 37,000 restaurants across 100 international locations.