Subway achieves 10 consecutive quarters of progress

MIAMI — International sandwich franchise Subway has reached its tenth consecutive quarter of optimistic gross sales. Through the second quarter of this fiscal 12 months, the corporate achieved its highest common unit quantity (AUV) inside three months and had its highest weekly AUV in Subway historical past in that very same three-month interval.

The primary half of 2023 outcomes present areas of serious improve when put next with the identical interval one 12 months in the past. Globally, the corporate has seen a 9.8% improve in same-store gross sales and 11.1% improve in digital gross sales. In North America, the corporate recorded a 9.3% improve in same-store gross sales and a 17.8% improve in digital gross sales. The highest 75% of North American Subway eating places had been up 14.5% and the highest 50% of areas had been up 19.8% in same-store gross sales, the corporate stated.

“Over the previous two years, we’ve made constant progress throughout all areas of our enterprise, driving spectacular gross sales outcomes and optimistic adjustments for our franchisees and visitors,” stated John Chidsey, chief government officer of Subway. “The robust gross sales momentum from the primary half of 2023 is setting the tone for one more distinctive 12 months for Subway and our franchisees.”

The corporate credited menu innovation, restaurant modernization and visitor expertise enhancements as among the causes for its progress. Digital progress has quadrupled since 2019 and this 12 months Subway stated it plans to launch a refreshed on-line loyalty program. Different areas of progress embody the corporate reworking 10,000 North American franchises to replicate a extra modern presence and a brand new sliced meat deli sandwich menu.