In recent years, casual-dining and family-style chain restaurants have been thriving in the United States, according to a report by Technomic. While fast-food chains dominate the industry, these types of restaurants are also highly successful. This year has presented both challenges and opportunities for chain restaurants, as they compete with fast-food chains to attract value-driven customers.
Technomic’s latest research identified the top 500 biggest chain restaurants in the US based on decades of historical data. The report included each chain’s annual sales and unit counts for 2023, as reported by Nation’s Restaurant News. For this ranking, Technomic focused on the top 15 chains categorized as casual dining, midscale, or family-style. Fast-casual or quick-service restaurants like Chipotle and McDonald’s were not included in this ranking.
Some of the biggest names in the restaurant industry made it onto Technomic’s list of the top 500 biggest chain restaurants in the US. Among them is Olive Garden, which was founded in 1981 and has a total sales revenue of $4 billion in 2023 with over 975 locations across North America. Denny’s is another popular restaurant chain that made it onto the list, with a foundation date of 1948 and $2 billion in annual sales revenue in 2023 with over 176 locations across North America.
It is clear from this report that there are many different types of chain restaurants that are succeeding in today’s competitive industry. Whether you prefer casual dining or family-style eateries, there are plenty of options available for every type of customer.
In conclusion, Technomic’s latest research highlights some interesting trends when it comes to big chain restaurants in the US. With so many different types of chains thriving and competing with each other for customers, it is clear that this industry will continue to evolve and adapt to changing consumer preferences.
