Struggling Subway closed more than 1,000 restaurants in 2018

Struggling fast food franchise Subway closed more than double the number of restaurants in 2018 than it had forecast, the company revealed in a regulatory filing.

An annual financial disclosure statement filed in Wisconsin Monday says a net 1,108 restaurants closed nationally in 2018.

Subway had forecast that about 500 would close, according to media reports.

That 1,108 is higher than the prior record of 866 net closures in 2017 and 357 in 2016.

Subway overall has 24,798 US locations, down from 27,129 at the end of 2016...

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RSK: Prime example of over proliferation and cannibalism....you don`t need a subway in every convenience store or every other block.

Ken Notes: Still a great franchise, but with their pricing and margins you have to sell a lot of product. Also chips vs. french fries as an add on has a MUCH smaller profit margin. And for the record there are only 15,000ish McDonalds...