The 58-year-old company said in a statement Tuesday that its shareholders are “exploring a possible sale” of the company and that it has hired J.P. Morgan to help conduct the process. Subway warned that there’s “no indication of timing or assurance that a sale will occur” and it doesn’t intend to make any further public comments until the process is finished. The announcement comes a month after the Wall Street Journal broke the news that the 58-year-old chain was exploring a sale.
The privately held company recently said that sales at its North America stores open at least a year rose 7.8% last year compared to 2021, which Subway said exceeded its projections by more than $700 million . Digital growth was also a highlight for the company, with sales made through its app or third-party services doubling compared to 2021. Its international footprint also grew with more than 750 restaurants opening last year, helping its global same-store sales grow 9.2% year over year.
Jared killed Subway
Someone wants to cash out, before the world goes down.
Subway is loaded with sodium. Fake healthy restaurant
Being this is on - can anyone confirm this story is actually true?
Ohhhh i am interested
CNN is hoping to get a sellers commission by tweeting this all day every few minutes
It has gone downhill. The quality of the product is so artificial it’s barely edible. The condiments, especially the lettuce and spinach is always brown and gross. Too many other choices of sub shops that a have much better quality of food.
This is so much better than the Twitter files! Thanks for informing us. Eat fresh!
Tell Elon. Maybe he's ready to ruin some food chains.
elonmusk must buy this, I wish he buys ♥️🍔
How long can you sell a loaf of bread for those prices...
Good. I have a few coupons in my jacket
good their sandwiches suck
BREAKING Subway listed for sale at $37.5 billion; Avocado is 50 cents extra.
Subway has always been Subpar.
With their spokespeople being a pedophile and Jussie Smollett, and their questionable food, I can’t imagine why.
I'm gonna split it with my girlfriend and save some money.
Disney will buy it.
Good, hope they close it down as soon as whoever buys it, absolute dung.......... 🙄
Corporate merges are just like the pokemon... They gotta' catch them all!
jimmyjohns is better
$5 is my offer.
You'd think any company in trouble wouldn't be spending the level of money on advertising Subway does. I'd bet the same owner of subway also owns the advertising firm being feed like it's a DOW top 30 corp
NEWSMAX NEWSMAX NEWSMAX NEWSMAX NEWSMAX NEWSMAX NEWSMAX NEWSMAX NEWSMAX NEWSMAX NEWSMAX NEWSMAX
Wendys buy them!
.....be watchful of who buys it.
Waise is Subway is f****d up now ... Staffs are mannerless and quality of food is really pathetic nowadays....
Subway is TRASH. Overpriced...go to your local grocery store and get a better sub for a better price.
I always liked their braised sphincterbraten.
Perhaps if they used real meat, instead of some genetically modified version of pseudo meat, they wouldn't need to sell.
How much? I’m thinking of purchasing it
Jollibee Foods Corp may be interested.
don’t understand all the hate i love subway lol just needs to bring back the 5 dollar foot long deal permanently
elonmusk pls buy SUBWAY
Send a tweet to elonmusk He is hungry all the time and has $$$
ill buy it ez
Yummy
Subway became the most successful over priced fast food chain period. Two footlongs and couple cookies ran me 40 dollars. That’s including a 20 percent tip which I 100 percent regret.
Is it because they see an end to their runway/ shelf life, and need new blood to infuse a renewed hope for the future?
Have at it LastWeekTonight
Time to cut and run
No one like to eat healthy food ,subway have very nice healthy sandwich ,i always choose tuna with Italian bread with all vegetables
Because they couldn't sell sandwiches.
Firehouse is 100x better
Overpriced
I can't speak for all Subways but the ones near me are terrible, wilted vegetables and questionable meat.
I feel like there's an appropriate gif for this exact scenario but I can't think of what it is...
Ain't nobody wanna pay $12 for a ham sandwich with half a slice of cheese and warm slimy lettuce
I wonder how people that much money for a cold food.
Tell Elon Maybe he’ll leave Twitter!
This news is as fresh as a 10pm Spicy Italian Sub.
This is what happens when you start to cheap out on ingredients, and price yourself right out of the market.
The wef don't want common people eating meat, so no meat slicer required. With ever increasing inflation and energy costs who would make such a purchase?
shaunaTHFC HERE WE GO
Give ya $5
MrBeast elonmusk
They bailin. RIP whoever buys this.
Maybe that little pink haired freak that ruined it should buy it.
The smell of those shops is enough to put you off, whatever you get it all tastes the same
Subway? Are they going under?
Ever since Subway, alongside BET, announced that dog fighting ringleader Michael Vick was their Sportsman of the Year in 2011, I just can’t feel sorry for this pathetic sandwich chain.
Maybe the next owner's will make the sandwich as good as they were 15 years ago. Right now they're nasty, soggy, disgusting messes. And their employee base is a bunch of 15 year olds.
TylerHam311 get Ned and his family on the line.
'This year, new meat slicers will roll out at all of its stores — a sharp reversal from its previous method of shipping locations pre-sliced meat.'
It needs to go bankrupt, capitalism is poison
always hated it ! they should rehire that shole child molester. all he has to say he is a woman now . new promo $5 for 5' !
Ahh yes the sign that we been in a global recession...(tgj)
Literally the worst 'food' ever. I will actively avoid it no matter what. If I'm starving and I get offered Subway-- I refuse. I would ACTUALLY rather die.
Overpriced, I can buy my own lunch meat and bread. The quality of the meat is kind of poor. I used to work in a deli 20 some years ago and Subway pushes the low tier doesn't even look like real meat turkey. Probably got eyeballs and stuff in it like Chicken Nuggets.
[Jared Fogle places call to Saudi prince]
World 😂 Most Europeans would never eat that garbage.
If people won't buy your fake tuna subs, what makes you think anyone will buy the company?
The ingredients aren't that bad, but their bread, is God awful...
That's what happens when your business model is to sell shit
Davit_arm Is it as over-priced as its sandwiches?
Also most bland.
$5
WARNING! DO NOT DRINK THE WATER! DO NOT BREATHE THE AIR!! Train Toxic Chemicals Spilled! via YouTube
It seems I'm starting to see fewer and fewer of them. I haven't eaten there in a long time. There were a few sandwiches I did enjoy.
Maybe Megan Rapinoe will buy it.
It would help if they accepted the coupons they distribute. Our local franchise won't take them.
$5?
Maybe CNN and MSNBC should pull their money together and buy Subway. Close up both 'news' outlets and put your so called 'journalist' to work making sandwiches. They suck as reporting news. Could be lucrative for you guys!!
Jimmy Johns …Jersey Mikes … Potbelly Subway
I will offer £5.
One of Not good testy in the world
Who wouldn't want a sandwich made with freshly baked yoga mats?
elonmusk I'm guessing you may want to go into the fast-food industry 😂🤣
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN - 🏆 4. / 95 Read more »
Source: CNN - 🏆 4. / 95 Read more »
Source: CNN - 🏆 4. / 95 Read more »
Source: cnni - 🏆 326. / 59 Read more »
Source: CNN - 🏆 4. / 95 Read more »