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Subway

Financing

Subway wants the world to eat a lot more sandwiches

 By Jonathan Maze on Feb. 02, 2023

The fast-food sandwich chain wants to add 24,000 international restaurants to catch up with other quick-service brands. But the company is also pushing big changes to grow its U.S. business.

Financing

Subway says its sales grew again last year

 By Jonathan Maze on Feb. 02, 2023

Average unit volumes are higher than they’ve been in a decade and the sandwich chain says the number of closures has slowed, too. And more changes are coming.

Financing

Subway’s late cofounder donates his half of the chain to his foundation

By Jonathan Maze on Feb. 01, 2023

Dr. Peter Buck, who cofounded the chain with Fred DeLuca, left his 50% ownership in the company to the charity he and his wife started more than 20 years ago.

Financing

Subway wades into a difficult M&A market

By Jonathan Maze on Jan. 12, 2023

The Bottom Line: Sale processes like the one the sandwich giant is apparently planning do not come very often. That doesn’t mean a sale is a slam dunk. And $10 billion may be tough to get.

Financing

Subway is apparently exploring a sale

By Jonathan Maze on Jan. 11, 2023

The privately held sandwich giant has reportedly hired advisers to explore a sale. It would attract a wide range of potential buyers.

Food

Subway bakes up footlong cookies at Miami pop-up for National Cookie Day

By Patricia Cobe on Dec. 01, 2022

The extra-long cookies, inspired by the Subway Series sandwiches, are piled with sweet toppings instead of meats and cheese.

Operations

Subway’s latest restaurant format is a fridge

By Joe Guszkowski on Nov. 14, 2022

The chain will use the high-tech vending machines to sell more sandwiches in places like airports and college campuses.

Food

Subway’s next menu upgrade: Pickles

By Patricia Cobe on Nov. 11, 2022

A thicker, crisper, juicier pickle is now available to layer on any Subway sandwich. The chain is tying the launch into a pickleball sweepstakes.

Financing

Subway says its latest menu refresh is driving even more sales

By Jonathan Maze on Oct. 12, 2022

The sandwich giant says its restaurants’ same-store sales rose 8.4% in the third quarter, with September particularly strong.

Financing

Subway loses one of its chickens

By Jonathan Maze on Oct. 07, 2022

The Bottom Line: The sandwich chain quietly eliminated its chicken breast from the menu. Operators weren’t exactly disappointed with the decision.

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