HomeIndustriesSubway Reports 12.1% Increase in Global Same-Store Sales

Subway Reports 12.1% Increase in Global Same-Store Sales

Fast-food chain Subway reported on Monday that its global same-store sales increased by 12% in the first quarter of 2023. The company credited the jump to its continued effort to bring back customers to its stores with promotional campaigns and restaurant remodels.

Subway’s same-store sales in North America saw a jump of 11.7% compared to the same period in 2022. Digital sales were even more encouraging, rising 21.2%. This helped the company maintain its streak of positive sales growth, which now extended to nine straight quarters.

“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, “said CEO John Chidsey in a press release.

The sales growth will go a long way in Subway’s continued efforts to find a buyer. The company has been looking to sell itself for a while now, and according to Chidsey’s recent comments, the deal will come sooner than later.

Back in early April, The Wall Street Journal reported that Subway is valuing itself at $10 billion. While there is uncertainty about whether the company will get its asking price, there are more than 10 buyers currently engaged in the bidding process. A sale process is expected to wrap up at some point in May. 

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