A new study of the top 500 U.S. restaurant chains is forecasting good news for the industry in calendar 2018.
Technomic Inc. said its first-ever Top 500 Chain Restaurant Report 2018 Forecast sees cumulative sales growth reaching 3.2 percent this year following a 3-percent decline for 2017. The report – an extension of the food industry data analytics firm’s Top 500 Chain Restaurant Report – also predicted a marginal sales increase for full-service chains in 2018 after a slowdown to about 1 percent growth in 2017.
Quick-service restaurants also are expected to post a sales increase this year, fueled by what Technomic described as “impressive sales growth” from such brands as Taco Bell, Chick-fil-A, Domino’s and McDonald’s. The fast-casual segment also is expected to continue its pattern of strong growth, but annual double-digit sales growth are likely at an end, the report added.
Technomic also noted that several growth players are starting to encroach on chains that are struggling to overcome branding and operational challenges as consumer tastes continually adjust.
Source: meatingplace.com, 9-12-18