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.