CHICAGO,
May 15,
2024 /PRNewswire/ -- Datassential, the leading global
food and beverage intelligence platform connecting the dots between
consumers and the industry, today reported the nation's largest
chains grew sales by 7.5 percent in 2023 to $417.13 billion, as price increases helped sales
in a year of modest unit expansion, according to a preview of its
annual top 500 chains report, the Datassential 500.
"We're excited to reveal our sixth annual top 500
chains report, the Datassential 500, filled with insights that will
provide food and beverage companies of all types a clear picture of
how this ever-changing industry is shifting, and what current
trends can reveal about tomorrow," said Huy Do, Research and
Insights manager and the report's author.
Key highlights:
- The nation's largest chains increased units by 2.1 percent to
238,152.
- Subway remains the largest restaurant chain by units despite
losing some ground from 2022, with total units in 2023 of 20,133
compared with 20,576 in 2022. McDonald's is still No. 1 in sales,
growing sales to $52.91 billion in
2023 from $48.67 billion the year
before.
- There was only one change in ranking among the top 10 chains by
units: Domino's Pizza overtook Burger King with 6,854 locations
nationwide. And in terms of sales, Chipotle moved ahead of Subway,
with sales of $9.87 billion.
- Arkansas-based 7 Brew, a
drive-thru coffee chain, is the fastest-growing chain in
the U.S., with annual unit growth of 373.7% in 2023 compared
with 2022.
- Expansion accelerated last year for the fastest-growing brands:
Five chains grew faster in 2023 than 2022's fastest-growing
restaurant, Mochinut, a Los
Angeles-based chain that sells mochi donuts, bubble tea and
Korean hot dogs.
The free Datassential 500 report preview reveals
those brands and many more insights about restaurant chain growth,
including regional distribution, sales and unit growth across 16
major restaurant segments, consumer insights across three key
metrics, and more. To get your copy of the report, click here.
The full report is available only to subscribers.
For more information or to become a subscriber, reach out here.
And don't miss an exclusive discussion of the
Datassential 500 report on Thursday, June
13th at 12 pm CT, where Simply
Smarter webinar participants can get a preview of the full
Datassential 500 report.
About Datassential
Datassential is the leading global food and
beverage intelligence platform providing guidance on trends,
competitive benchmarking, and sales intelligence. Through a suite
of AI-powered solutions, an intuitive UI, and proprietary data, the
food and beverage ecosystem relies on Datassential to more
effectively develop, market, and sell their products. Founded in
2001, Datassential powers insights and sales intelligence for
brands including Burger King, DoorDash, General Mills, Land O'
Lakes, Pepsi, Starbucks, Target, and more.
Media Contact
Datassential Media Team
media@datassential.com
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SOURCE Datassential