Compared to the sandwich, the wrap contains more proteins and/or fats, which the body digest more slowly than it digests carbohydrates.
If the wrap keeps the consumer satiated longer and helps him skip his afternoon candy bar (over 200 calories), then that will more than compensate for the wrap's extra 100 calories. Not only could he avoid gaining that extra pound, he might actually lose two by consuming fewer total calories.
But, who knows if the new wrap is really any good. Subway already had a low-carb option: to buy a salad version of their sandwiches. A plastic box replaces the bread, and you might even get some extra vegetables.
I presume it is difficult to chew?