Subway Permanently Closes Over 600 US Restaurants

Subway, the largest fast-food restaurant chain in the U.S. by number of locations, has been steadily closing stores, dropping below 20,000 domestic outlets for the first time in two decades after shuttering over 600 locations in 2024 alone. This decline follows a long-term trend that has seen Subway close approximately 7,600 stores since its 2015 peak, largely due to shifting consumer spending habits, inflation, and competition, which have put pressure on the fast-casual restaurant sector. Despite these closures, Subway continues to focus on 'Smart Growth,' optimizing its U.S. footprint through strategic closures, relocations, and new openings aimed at ensuring high-quality experiences and convenience for guests. Internationally, the chain is experiencing growth, adding over 10,000 locations globally in the past three years. Subway has also introduced new promotions and store prototypes to attract customers and refresh its brand image. Financially, while U.S. system sales dipped slightly in 2024, the company has seen overall sales growth over the past five years and remains a top performer compared to rivals.