The Chain Gang

Subway Devouring McDonald’s

We knew it was going to happen, and maybe now it really is time for Ronald to retire. Despite its boasts of “Billions and Billions Served,” McDonald’s just took a backseat to Subway, which is now the world’s largest fast-food chain. According to recent filings with the Securities and Exchange Commission, Subway has as many as 1,012 more outlets than Mickey D’s. How’d they do it? By shoving a Subway into every imaginable nook and cranny on the planet: Subway currently slings its Footlongs in places as varied as a church in Buffalo and an appliance store in Brazil. We’re sure Mickey D’s is crying all the way to the bank — the company still reported $24 billion in revenue last year. Our only question: How long before America’s next great restaurant takes over? [WSJ]

Subway Devouring McDonald’s