Subway, the privately-held footlong sandwich chain that has been exploring selling, put out quarterly sales results on Monday that showed year-over-year growth globally and in North America.
that has been exploring selling, put out quarterly sales results on Monday.
The company, founded by the late Fred DeLuca and Dr. Peter Buck in the 60s, said its first-quarter same-store sales globally saw a year-over-year increase of 12.1%. The growth rate was just slightly smaller in North America, at 11.7%, according toSubway pointed to its "continued focus on menu innovation, modernization of restaurants and improvements to the overall guest experience" for boosting sales around the world.
A Subway fast-food restaurant is seen on April 29, 2022 in Houston, Texas. The fast-food chain closed over 1,000 stores last year and reportedly has come under scrutiny regarding controversial ad campaigns and allegations of corrupt regional managers For digital sales, Subway also reported year-over-year jumps both globally and in North America. The former went up 11.4%, while the latter climbed 21.2%.
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