Subway Struggles To Keep Up With Fast-Casual Competition
Subway's revenue has taken a hit for the second year in a row.By Ben Lawson | May 4, 2016
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.