The Briefing Room
General Category => Economy/Business => Topic started by: SirLinksALot on April 03, 2018, 05:59:12 pm
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SOURCE: FOX NEWS
URL: http://www.foxnews.com/food-drink/2018/04/03/chick-fil-to-become-nations-third-largest-fast-food-restaurant-by-2020-analysts-say.html (http://www.foxnews.com/food-drink/2018/04/03/chick-fil-to-become-nations-third-largest-fast-food-restaurant-by-2020-analysts-say.html)
By Michael Bartiromo
Craving Chick-fil-A? Better get in line right now: A new report estimates the restaurants are going to be in much higher demand by the turn of the decade.
According to restaurant consultancy firm Technomic, which shared its findings with Buzzfeed News, Chick-fil-A is poised to become the third-largest fast-food chain in the nation by 2020 in terms of sales, trailing behind only McDonald’s and Starbucks.
The chicken chain was ranked eighth in a 2017 report from QSR magazine, behind McDonald’s, Starbucks, Subway, Wendy’s, Burger King, Taco Bell and Dunkin’ Donuts.
“The trajectory we’re on would support that,†a Chick-fil-A spokesman told Buzzfeed News in response to Technomic’s findings.
According to the QSR 50 rankings, the average Chick-fil-A already takes in $4.4 million annually per unit, a figure that dwarfs its nearest competitor — Whataburger, which takes in $2.7 million per unit per year.
The average McDonald’s and Starbucks pull in $2.5 million and $1.1 million, respectively. Chick-fil-A, however, only boasts a fraction of the revenue-generating locations as McDonald’s and Starbucks.
The company tells Buzzfeed News that it intends to continue to drive sales via its mobile ordering platforms, which have been introduced in its busier locations, and an app, which was introduced in 2014. In addition, the chain has been expanding into more states than ever before, with locations in 47 out of 50, the Atlanta Business Journal reported in 2017.
(EXCERPT) CLICK ABOVE LINK FOR THE REST....
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We all know who is going to win the Franchise Wars.....
! No longer available (http://www.youtube.com/watch?v=gIcE4OvnqAY#)
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We all know who is going to win the Franchise Wars.....
(http://www.youtube.com/watch?v=gIcE4OvnqAY#)
No Way.
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Chick-Fil-A should be number one in my opinion. I don't eat much fast food these days, but when I get the urge for it, CFA is where I go.
McDonald's and Starbucks suck big time.
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These crystal ball predictions are total bullshit. A couple years ago everyone was pimping Chipotle as the next number one big thing. Had the stock price through the roof too. Guess what. They made people sick with their shit food and now no one can even remember that it is a place to go.