Chicago / IL. (tni) Technomic released the Top 500 Chain Restaurant Report, which ranks each top chain by sales performance for the previous year. This year’s report includes insight into what to expect for 2020. Although uncertainty remains about the toll that COVID-19 will have on performance, the initial forecast predicts overall sales to decrease by 12 percent to 17 percent this year.
«While the Top 500 chains saw a relatively solid overall sales increase in 2019, the growth gap between the largest players and midsize chains continues to widen,» explains Kevin Schimpf, senior research manager at Technomic. «The 5.7 percent sales boost achieved by the top 20 chains significantly outpaced the 2.4 percent growth observed by chains ranked 21 through 500.» Findings include:
- Thanks to Chick-fil-A and Popeyes’ new chicken sandwich, the chicken menu category saw sales growth of nearly 10 percent in 2019
- Full-service saw significant challenges, growing just 1.6 percent. Over the past five years, growth has averaged under 2 percent, while total restaurant count has decreased
- Limited-service chains propelled 2019 sales growth for the Top 500, with fast casual sales up over 7 percent and quick service increasing by more than 4 percent
- Rank changes included:
- Chick-fil-A moving up to No. 3
- Olive Garden becoming the largest U.S. full-service chain
- Popeyes jumping up five spots and entering the top 20
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Greenfood: How fermentation gives food a second life
- NGT: European Parliament backs EU Commission proposal
- Urgent Concerns Regarding EU Decision on GMO Deregulation
- FDF: about the latest ONS food inflation figures
- MetaPath research: public and private players join forces
- VTT: Finnish companies work on new processes for plant proteins
- VTT: Finland makes plant-based meat attractive
- UNRIC on the end of the Grains Agreement: «Everything is possible»
- ICBA: Aspartame safe, reaffirm WHO and FAO
- EU: More sustainable use of plant and soil natural resources
- From farm to fork: Fazer participates in fertiliser research
- UK: 80 percent of households saw disposable income fall
- Good Meat: Gets Full Approval in the U.S. for Cultivated Meat
- Food Safety Confidence Outpaces What Guests Really Know
- Promotion tour: Prime Minister tastes 3D-printed cultivated fish
- New partnership between W.U.R. and Protein Industries Canada
- Lantmännen: How to strengthen Sweden’s food security
- USA: Frozen pizza gains significant market share
- Greedflation? What consumers think about the price increases
- Mondelēz: Releases »State of Snacking« Report 2023