Particle.news

Download on the App Store

Subway's U.S. Restaurant Count Falls Below 20,000 Amid Global Expansion

The sandwich chain continues its domestic contraction while achieving international growth through master franchise deals and modernization efforts.

Image
Subway closed more than 600 locations in 2024.

Overview

  • Subway closed 631 U.S. locations in 2024, reducing its domestic footprint to 19,502 restaurants—the lowest in two decades.
  • Despite the closures, Subway remains the largest U.S. restaurant chain by unit count, ahead of Starbucks and McDonald’s.
  • The company has shifted focus to global markets, securing commitments for 10,000 new restaurants worldwide over the past three years, including expansion into Paraguay and Mongolia.
  • Subway introduced its Fresh Forward 2.0 prototype in late 2024, emphasizing localized design elements, improved layouts, and enhanced customer experiences.
  • Under private equity ownership by Roark Capital, Subway is implementing a data-driven 'Smart Growth' strategy to optimize U.S. locations while bolstering digital sales and loyalty programs.