Fred DeLuca borrowed $1,000 from family friend Peter Buck, to open his first sandwich shop in Bridgeport, Conn. in 1965. *Technomic estimate. As one of the world's largest quick service restaurant brands, Subway serves freshly made-to-order sandwiches, wraps, salads and bowls to millions of guests, across more than 100 countries in more than 37,000 restaurants every day. Most of the revenue increase comes from price increases due to inflation and not an increase in foot traffic or selling more food, said the franchisee, who asked not to be named. "Subway's 2021 sales results indicate we have the right team and strategy to bring our multi-year transformation journey to life," said John Chidsey, CEO of Subway. statistic alerts) please log in with your personal account. Firehouse Subs, meanwhile, reported 23.4 percent US same-store growth in the fourth quarter compared to two years ago. The citywide decline in subway riders has wiped out the transit budget. Consolidated Interim Financial Statements as of and for the Three-Month Period Ended March 31, 2017 (872 KB) MTA 2018 Preliminary Budget - July Financial Plan 2018-2021. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. That means they are getting very little real traffic growth, even in their best 75 percent of units., Most fast-food and quick-service restaurants are up at least 10 percent. System-wide sales at Subway's US locations were $12.3. new improved ingredients and craveable menu items that complement our Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. handshake and $1,000 launched one of the world's Subway is making strategic enhancements to our vast footprint and making sure our restaurants are in the best format and locations, including drive-thrus and non-traditional, to deliver the convenience, accessibility, and value our guestscrave. First responders found undetonated devices at the scene, and authorities were searching for the shooter Tuesday morning. Show publisher information Our website is made possible by displaying non-intrusive online advertisements to our visitors. Overall U.S. restaurant same-store sales for the entire system were positive for the last three quarters of the year, progressively getting better and resulting in December sales up 8.7% versus the same period in 2019. Statista assumes no John Chidsey, Subway CEO, said in a statement that "2021 sales results indicate we have the right team and strategy to bring our multi-year transformation journey to life. Subway charges franchisees eight percent of gross sales. Privately held Subway has not released its annual financials to the Federal Trade Commission yet but that would mean more than 2,000 US restaurants closed in 2021, an increase from the 1,612 the prior year. What Chidsey is emphasizing in this publicity push could be themes for when the chain seeks a buyer, Gordon said. %PDF-1.7 % It was a highly emotional weekend for the New York Yankees heading into the Subway Series. I don't think we'll close a lot more restaurants maybe a handful around the edges but I think the U.S. is sort of in a steady state, and all the growth will really be international.. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. As one of the world's largest quick service restaurant brands, Subway serves freshly made-to-order sandwiches, wraps, salads and bowls to millions of guests, across more than 100 countries in nearly 37,000 restaurants every day. Available: https://www.statista.com/statistics/464277/subway-us-sales/, Sales of Subway restaurants in the United States from 2015 to 2021, Available to download in PNG, PDF, XLS format, Global quick service restaurant industry market size 2012-2022, U.S. quick service restaurant industry market size 2012-2022, Sales of the leading chain restaurants in the U.S. 2021, Leading sandwich chains in the U.S. in 2021, by systemwide sales, Leading quick service restaurant chains in the U.S. in 2021, by number of units, Number of Subway stores in North America 2021, by country, Sales of Subway restaurants in the U.S. 2015-2021, Initial franchise investments for Subway in the U.S. 2022, Number of Subway stores in Europe 2021, by country, Number of Subway restaurants in France 2021, by city, American Customer Satisfaction Index: QSRs in the U.S. 2022, by brand, American Customer Satisfaction Index: Subway in the U.S. 2012-2022, Most popular brands on Facebook in Canada 2021, by audience, Frequency of visiting Subway in Germany 2018-2021, Countries with the most Subway restaurants in Europe 2014, Countries with the most Subway stores per million people 2014, Countries with the most Subway restaurants worldwide 2017, Visitors to Subway restaurants in the last six months U.S. 2016, by ethnicity, Number of Subway restaurants in Canada 2011-2015, Countries with the most Subway restaurants in South America 2014, Countries with the most Subway restaurants in Asia/Middle East 2014, Americans preferring Subway in the U.S. in 2016 and 2017, by gender, Subway Colombia: social media brand management 2018, by score, Doctors Associates ad spend in the U.S. in 2017, by type, U.S. diners who state Subway is their most visited QSR 2016, by ethnicity, Sales of Firehouse Subs in the U.S. 2014-2021, Sales of Jersey Mike's in the U.S. 2014-2021, Consumer spending on eating out worldwide 2016, by region, Number of Panera Bread employees 2009-2016, U.S. buffet restaurant industry market size 2012 -2022, Sales of Subway restaurants in the United States from 2015 to 2021 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, number of Subway stores in the United States. Thats partly because McDonalds sales have been fueled by its drive-ins an advantage that most Subway locations lack. Meanwhile, Subway franchisees are closing restaurants at an accelerated pace, sources said, as Subwayrecently has squeezedthem for cash, raising fees and tightening lease restrictions. He said Subway now had about 20,000 US restaurants and was focusing on quality and not quantity. Subway's parent company, Doctor's Associates, reported 2020 revenue of $689.1 million, down 28% from 2019s net sales of $958.9 million, according to franchisee disclosure documents. Subway Plans EV Charging Stations With Wi-Fi And Playgrounds. If you are an admin, please authenticate by logging in again. 2023 NYP Holdings, Inc. All Rights Reserved, Subway clamps down on franchisees as fast-food giant eyes $8B sale: sources, Subway co-founder leaves half his stake in multibillion-dollar sandwich chain to sons charity: report, Subway exploring potential sale at $10B valuation: report. U.S. beats sales plan by nearly $1.4 billion, with its highest annual AUV in seven years. Among international developments over the past six months, Subway has signed agreements in India, Indonesia, Kuwait, Saudi Arabia, Thailand and the United Arab Emirates for more than 3,000 restaurant commitments. Foot traffic in restaurants has declined in recent years resulting in more than 1,000 franchise closures over the past 12 months. A sandwich chain coming out of the pandemic should have done much better.. As one of the world's largest quick service restaurant brands, Subway serves freshly made-to-order sandwiches, wraps, salads and bowls to millions of guests, across more than 100 countries in nearly 37,000 restaurants every day. He was arrested about two blocks away. Introducing WAAAAY BETTER. Subway has a rich history. Subway's multi-year turnaround is off to quite the start. Sunway Berhad awarded Malaysia's Best Managed Companies 2021 at Deloitte's 2021 Malaysia's Best Managed Companies Awards Sunway sealed a memorandum of understanding with Huawei Technologies (Malaysia) Sdn Bhd to explore a collaboration to develop and advance the Sunway Digital Innovation Programme Frank R. James, 62, reportedly ranted in videos posted on social media that the United States was born in violence and is going to die a violent death.. "Sales of Subway restaurants in the United States from 2015 to 2021 (in billion U.S. dollars) ." In addition to the Eat Fresh Refresh effort, a menu overhaul introduced last July, Subway said it has improved its digital and in-restaurant experiences. Annual Report on Subway's Revenue, Growth, SWOT Analysis & Competitor Intelligence - IncFact Company Profiles: Revenue, Growth, Competition Subscribe Log In Solutions for: Investment Banking Market Research Private Equity Executives Consultants My Watch List SUBWAY Revenue, Growth & Competitor Profile Fast Facts Revenue Growth Rate Subway owns none of its own US restaurants, depending entirely on franchisees. Learn more about how Statista can support your business. Neither have released 2021 numbers. When typing in this field, a list of search results will appear and be automatically updated as you type. Subway Record-Setting 2021 Sales Results to Fuel 2022 Positive Momentum U.S. beats sales plan by nearly $1.4 billion, with its highest annual AUV in seven years MILFORD, Conn. (February 22, 2022) - Subway, one of the world's largest quick service restaurant brands, announced that 2021 was a record-setting year for the brand, driven by Subway restaurants are owned and operated by Subway franchisees a network that includes thousands of dedicated entrepreneurs and small business owners who are committed to delivering the best guest experience possible in their local communities. Subway is a Registered Trademark of Subway IP LLC. Registered in England and Wales. Subway restaurants are owned and operated by Subway franchisees a network that includes more than 20,000 dedicated entrepreneurs and small business owners who are committed to delivering the best guest experience possible in their local communities. Despite challenges brought on by the pandemic, such as reduced operating hours, 75% of the system, representing more than 16,000 locations, experienced a 7.5% increase in same-store sales in 2021, compared to 2019, the company said in a press release. As a Premium user you get access to the detailed source references and background information about this statistic. Business Solutions including all features. Use Forbes logos and quotes in your marketing. to incorporate the statistic into your presentation at any time. Today there are more Subways than any other restaurant brand with 43,600 stores in more than 100 countries. Sales results indicate we have the right team and strategy to bring our multi-year transformation journey to life, Subway CEO John Chidsey said in a statement. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 4459 0 obj <>stream Despite challenges brought on by the pandemic, such as reduced operating hours, 75% of the system, representing more than 16,000 locations, experienced a 7.5% increase in same-store sales in 2021, compared to 2019. 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