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Subway

Largest restaurant chain in the world by number of locations (37,000+).

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  • Business Models
  • Strategic Moats

Business models

Loyalty program / RewardsDirect sales / Network salesFranchisingStore-within-store / Concession

Strategic moats

Scale EconomiesBranding

Playbook coming soon

We're preparing a detailed playbook for Subway. Check back soon.

How to cite

Faster Than Normal. “Subway — Business Strategy Analysis.” fasterthannormal.co/businesses/subway. Accessed 2026.

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