Subway's Strong Sales Growth Continues Amidst Sale Talks

Subway reported double-digit same-store sales growth in Q1, showing its turnaround taking hold as the company seeks to sell itself. The restaurant company is reportedly seeking a valuation of at least $10 billion, and the auction is heading into its second round. Subway's improved performance could help it achieve that valuation. Subway's strategy has involved overhauling its menu, updating its technology and mobile app, and improving franchisee profitability. Subway has more than 37,000 locations across more than 100 countries.