Subway's domestic sales beat its projections by nearly $1.4 billion in 2021, and the sandwich brand registered its highest annual unit volumes in seven years, the company said Tuesday. Subway is a Registered Trademark of Subway IP LLC. ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED May 31, 2021 OR . Subway ended the year with U.S. sales exceeding projections by nearly $1.4 billion and its highest annual system average unit volume (AUV) since 2014. McDonalds reported US same-store sales in the fourth quarter rose 13.4 percent compared to two years ago more than 50 percent higher than Subways growth, according to the companys earnings. ", Restaurant Business, Sales of Subway restaurants in the United States from 2015 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/464277/subway-us-sales/ (last visited March 02, 2023), Sales of Subway restaurants in the United States from 2015 to 2021 (in billion U.S. dollars) [Graph], Restaurant Business, August 3, 2022. It was a highly emotional weekend for the New York Yankees heading into the Subway Series. As a Premium user you get access to the detailed source references and background information about this statistic. Release date is date accessed. According to the foodservice research and consultant firm Technomic, sales at Subway's US locations have been falling in recent years. For accessibility assistance with this report, please contact Central Subway outreach. James called the Crime Stoppers tip line to say he was at a McDonald's in Manhattan's Lower East Side, according to CNN. Founded on FreshTM Accessed March 02, 2023. https://www.statista.com/statistics/464277/subway-us-sales/, Restaurant Business. Subway has been promoting new sandwiches including Turkey Cali Fresh, Steak Cali Fresh, and All-American Club in a big advertising campaign featuring sports stars Tom Brady and Steph Curry. Internationally, over the past six months, Subway has signed agreements in India, Indonesia, Kuwait, the Kingdom of Saudi Arabia, the United Arab Emirates and Thailand, resulting in a total of more than 3,000 future restaurant commitments across EMEA and APAC. Still, industry experts noted that the sales numbers are only marginally better than recent inflation trends and that traffic growth has been relatively small versus that of competitors. Since last spring, the M.T.A. 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MILFORD, Conn., Feb. 22, 2022 /PRNewswire/ -- Subway, one of the world's largest quick service restaurant brands, announced that 2021 was a record-setting year for the brand, driven by the. In New York, there has been a 22 percent decline over the past three years alone, federal filings said. Subway is owned and operated by Doctor's Associates. 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. 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. Chidsey noted on Tuesday that Subway is growing internationally. 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. 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Updated. Business Solutions including all features. 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. The company doesn't own a single location, but collects 8% of revenue from each franchise. 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. To compare, McDonalds lost a much smaller 165 net US restaurants in 2020, and Burger King lost 265 restaurants, according to public records. Fred DeLuca borrowed $1,000 from family friend Peter Buck, to open his first sandwich shop in Bridgeport, Conn. in 1965. Restaurant Business. At that pace, US royalties might surpass $700 million or so in 2021 but still be well off the 2019 numbers. Pursuant to the FY 2021 NDAA, section 1299F(h), the Department of State was directed to incorporate in the annual Country Reports on Terrorism all credible information about "white-identity terrorism" (WIT), including relevant attacks, the identification of perpetrators and victims of such attacks, the size and identification of . Starbucks the No. Buck and DeLuca's heirs each own 50% of the company. The campaign, however, also drew complaints from franchisees last year over the hire of soccer star Megan Rapinoe, whose perceived anti-American views reportedly rubbed some customers the wrong way. They would fall to $425,000 the next year. Subway is a Registered Trademark of Subway IP LLC. said sales across the US steadily improved, Jared Fogle was convicted in 2015 for possessing child pornography. The most important key figures provide you with a compact summary of the topic of "Subway" and take you straight to the corresponding statistics. Related: CEO John Chidsey shifts Subways franchise focus to quality, not quantity. A paid subscription is required for full access. Subway is also strategically focused on the quality of its restaurants and delivering a consistent, high-quality guest experience, including investing in remodels that offer a new, inviting and modernized look, and ensuring restaurants are in the best location and format. Please do not hesitate to contact me. Subway has a rich history. *Technomic estimate. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Leading sandwich chains in the U.S. in 2021, by systemwide sales, Number of quick service restaurant franchise establishments in the U.S. 2007-2022, Employment in the quick service restaurant franchise industry in the U.S. 2007-2022, Quick-Service & Casual Dining Restaurants, Number of Subway restaurants worldwide 2011-2019, Sales of Subway restaurants in the U.S. 2015-2021, Number of Subway restaurants in the U.S. 2015-2021, Global quick service restaurant industry market size 2012-2022, Market size of the quick service restaurant industry worldwide from 2012 to 2021, with a forecast for 2022 (in billion U.S. dollars), U.S. quick service restaurant industry market size 2012-2022, Market size of the quick service restaurant sector in the United States from 2012 to 2021, with a forecast for 2022 (in billion U.S. dollars), Brand value of the 10 most valuable quick service restaurant brands worldwide in 2021 (in million U.S. dollars), Sales of the leading chain restaurants in the U.S. 2021, Leading chain restaurants in the United States in 2021, by sales (in billion U.S. dollars), Leading sandwich restaurant chains in the United States in 2021, by systemwide sales (in billion U.S. dollars), Leading quick service restaurant chains in the U.S. in 2021, by number of units, Leading quick service restaurant (QSR) chains in the United States in 2021, by number of units, Ad spend of selected restaurants in the U.S. 2021, Advertising spending of selected restaurant chains in the United States in 2021 (in million U.S. dollars), Number of Subway stores in North America 2021, by country, Number of Subway stores in North America as of November 2021, by country, Number of Subway stores in the United States from 2015 to 2021, Sales of Subway restaurants in the United States from 2015 to 2021 (in billion U.S. dollars), Initial franchise investments for Subway in the U.S. 2022, Initial franchise investments for Subway in the United States in 2022 (in U.S. dollars), Number of Subway stores in Europe 2021, by country, Number of Subway stores in Europe as of 2021, by country, Number of Subway restaurants in France 2021, by city, Number of Subway restaurants in France in 2021, by city, American Customer Satisfaction Index: QSRs in the U.S. 2022, by brand, American Customer Satisfaction Index scores for leading quick service restaurant chains in the United States in 2022, by restaurant brand, American Customer Satisfaction Index: Subway in the U.S. 2012-2022, American Customer Satisfaction Index scores of Subway in the United States from 2012 to 2022, Most popular brands on Facebook in Canada 2021, by audience, Leading brands on Facebook in Canada as of March 2021, by number of fans (in millions), Most popular dining brands in the UK Q4 2022, Most popular dining brands in the United Kingdom (UK) as of the fourth quarter of 2022. 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