Recently Published Data Reveals Which Restaurant Chains are Leading, Lagging and Growing
CHICAGO -- Results for the highly anticipated 2018 Top 500 Chain Restaurant Report are in, revealing that Top 500 brands posted a cumulative 2017 sales growth of 3.1%, down from 3.8% growth the prior year. The full report is now available, providing foodservice professionals with sales and unit performance and year-over-year growth for the leading restaurant chains.
Also read, U.S. Restaurant Visits Paid by Mobile App Increase by 50 Percent, Report Finds.
"We expect to see a lot of the same challenges that operators were facing in 2017 carry over into 2018," said Joe Pawlak, Technomic managing principal. "Operators will be tasked with finding new ways to steal share from the competition and the rise of technology in foodservice will likely play a part."
As an extension of the report, Technomic tracks sales, unit counts and locations, key contacts and more for an additional 1,000 emerging chains in the U.S. Details about all 1,500 chains are available on Ignite, Technomic's cloud-based single source for all things foodservice.
Key findings include:
While the Top 500 chains outpaced emerging chains in 2017 in both overall sales growth and unit growth, the limited-service chains ranked 501-1,500 outperformed the Top 500 LSR chains, seeing sales grow by 4.5% versus the 3.9% observed by chains in the Top 500.
To learn more about this and other industry reports from Technomic, please visit Technomic.com.
SOURCE Technomic Inc.
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