Top 500 2023
The 500 largest restaurant chains in the U.S. continued to grow at a healthy pace in 2022. Total sales rose 8.2%, according to the Technomic Top 500 Chain Restaurant Report, nearly twice as high as pre-pandemic growth levels. Most major sectors have recovered. Yet the sales growth came entirely from high menu price inflation and more aggressive unit development.
Restaurants learn to do more with less
Restaurant operators could not raise prices fast enough to meet soaring costs for food, labor and real estate. Instead, they've looked at their operations and their menus to find any cost savings they can find. Here's a look at some of their efforts.
The Restaurant Business Top 100 ranking of the largest independent restaurants returns after a one-year, pandemic-related hiatus. Restaurants on this year's list represent a wide range of menus and price points and come in all shapes and sizes. They served 272 million meals last year and generated $1.8 billion in sales. There were also some notable newcomers. RB looks at how these restaurants adapted and evolved to meet a changing industry.
The 500 largest chains collectively have recovered from the pandemic and then some, with sales up 8.4% since 2019. But success was not spread evenly, and the very biggest concepts performed best, according to the 2022 Technomic Top 500 Chain Restaurant Report. RB takes an in-depth look at the companies and sectors on this year’s list, including those that did well, and those that struggled.
The 500 largest chains collectively have recovered from the pandemic and then some, with sales up 8.4% since 2019. But success was not spread evenly, and the very biggest concepts performed best, according to the Technomic Top 500 Chain Restaurant Report. RB takes an in-depth look at the companies and sectors on this year’s list, including those that did well, and those that struggled.