Subway Struggles To Keep Up With Fast-Casual Competition

Subway's revenue has taken a hit for the second year in a row.
SMS
Subway Struggles To Keep Up With Fast-Casual Competition

Subway's revenue dipped for a second straight year in 2015, signaling the sandwich chain might be starting to feel the pressure from fast-casual restaurants. 

Subway's revenue in 2015 was 4.3 percent lower than in 2014, bringing it down to $1.1 billion. 

While the eatery opened 911 new stores in 2015, it closed 877. So it only added 34 stores. The company says opening new stores is currently on the back burner as it focuses on making the ones it has more profitable. 

Analysts for Bloomberg blamed Subway's hardships on the rise of fast-casual dining options like Panera Bread. 

On top of that, the company found itself in the middle of a public relations nightmare last year after longtime Subway spokesman Jared Fogle pleaded guilty to child pornography charges and was sentenced to 15 years in prison

This video includes clips from SubwayPanera Bread and WRTV, and images from Getty Images. 

Featured Stories
President Donald Trump

Trump's Budget Plan: More For Defense, Less For Almost Everything Else

U.S. Border Patrol agents detain undocumented immigrants

The US Deports People In 2 Main Ways. The Difference Is Crucial.

Secretary of Homeland Security John Kelly

DHS: We'll Only Deport Immigrants With Criminal Enterprise Connections

Want to see more stories like this?
Like Newsy on Facebook for More Company News Coverage