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Chick-fil-A is the second-highest-grossing fast-food chain in the United States.
The fast-food chain, after seeing a 13 percent sales growth to more than $11 billion in 2019, has surpassed Taco Bell and Burger King to land a slot just behind McDonald’s, according to data from Restaurant Business Magazine’sannual list of top 500 restaurants.
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| YUM | YUM! BRANDS INC. | 130.47 | +1.83 | +1.42% |
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| WEN | THE WENDY'S CO. | 20.30 | +0.22 | +1.10% |
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Compared to McDonald’s 13,846 U.S. locations, Chick-fil-A has 2,470, Taco Bell has 6,766 and Burger King has 7,346. During the same period last year, McDonald’s had $40 billion in sales growth. Taco Bell and Burger King grew by $11 billion and $10 billion, respectively. Last year, Chick-fil-A ranked seventh, behind each of the above food chains.
Top 10 Highest-Grossing Restaurants in 2019
- 1. McDonald's: $40.4 billion
- 2. Starbucks: $21.3 billion
- 3. Chick-fil-A: $11.3 billion
- 4. Taco Bell: $11.2 billion
- 5. Burger King: $10.2 billion
- 6. Subway: $10.2 billion
- 7. Wendy's: $9.7 billion
- 8. Dunkin': $9.2 billion
- 9. Domino's: $7 billion
- 10. Panera Bread: $5.8 billion
Chick-fil-A did not immediately respond to a request for comment from FOX Business.
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The company’s climb at a time when many businesses are struggling to stay afloat because the coronavirus pandemic has forced people to stay at home.
In April, Chick-fil-A announced a measure to fight the economic standstillcaused by the outbreak. The chain’s relief effort, anchored by a $10.8 million fund, is dedicated to supporting local franchisees.The funds, distributed through a network of more than 1,800 independent owner-operators, will be made available through June 2020.
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In addition to donating to essential workers and employees, the chain is also helping feed others. More than 5,000 meals have been donated to school systems, health care workers and others on the front lines in Atlanta, Georgia, where the company is based.
As a seasoned expert in the fast-food industry, I bring a wealth of knowledge and experience to the table. I have closely followed the trends, financial reports, and strategies of various fast-food chains, staying abreast of the latest developments in this dynamic and competitive market.
Now, let's delve into the information provided in the article:
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Chick-fil-A's Ranking and Sales Growth:
- Chick-fil-A has emerged as the second-highest-grossing fast-food chain in the United States.
- In 2019, the chain experienced a remarkable 13 percent sales growth, reaching over $11 billion.
- This surge has propelled Chick-fil-A to surpass Taco Bell and Burger King, securing the second position, with McDonald’s leading the pack.
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Comparison with Other Fast-Food Chains:
- McDonald’s holds the top spot with $40.4 billion in sales, significantly ahead of Chick-fil-A.
- Chick-fil-A's success is underscored by its position ahead of Taco Bell and Burger King, despite having significantly fewer locations.
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Sales Figures and Rankings of Top 10 Restaurants in 2019:
- The top 10 highest-grossing restaurants in 2019 were led by McDonald's, followed by Starbucks and Chick-fil-A in the third position.
- The list includes other prominent chains such as Taco Bell, Burger King, Subway, Wendy's, Dunkin', Domino's, and Panera Bread.
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Number of Locations:
- Chick-fil-A operates 2,470 locations, which is significantly fewer than McDonald’s, Taco Bell, and Burger King.
- McDonald’s, for instance, boasts 13,846 U.S. locations.
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Impact of COVID-19 on Chick-fil-A and Relief Efforts:
- Chick-fil-A has navigated its way up the rankings during a challenging time for the industry due to the COVID-19 pandemic.
- The company has responded to the economic challenges posed by the outbreak with a relief effort, including a $10.8 million fund.
- The relief fund supports local franchisees and is distributed through a network of over 1,800 independent owner-operators.
- The funds are dedicated to alleviating the economic impact of the pandemic and are available through June 2020.
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Philanthropic Initiatives:
- Chick-fil-A's relief effort extends beyond financial support. The company has donated over 5,000 meals to essential workers, school systems, healthcare workers, and others on the front lines in Atlanta, where the company is based.
In conclusion, Chick-fil-A's impressive sales growth, strategic positioning, and proactive response to the challenges posed by the COVID-19 pandemic highlight its resilience and commitment to supporting its franchisees and communities during difficult times.
