Technomic predicts 2018 sales growth for the Top 500 restaurant chains

Recently published forecast shows modest growth for the Top 500 chains in 2018

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Sep 11, 2018, 09:08 ET

CHICAGO, Sept. 11, 2018 /PRNewswire/ -- The first-ever Top 500 Chain Restaurant Report 2018 Forecast has been released, with projections revealing that the Top 500 chain sales will grow 3.2% by the end of 2018. The full forecast is now available, providing segment- and menu category-level growth along with chain-level sales and unit counts for the leading 100 chains.

The 2018 forecast can be purchased at https://www.technomic.com/available-studies/industry-reports/top-500.

"We're seeing some major movement within the top 10 chain rankings based on our 2018 projections," said Joe Pawlak, Technomic managing principal. "Several growth players that we've been watching over the past couple of years are starting to encroach upon chains that are struggling to overcome branding and operational challenges."

Key trends and highlights include:

After dipping to 3.0% in 2017, Technomic forecasts that cumulative sales growth for the Top 500 chains will increase modestly to 3.2% in 2018.
The quick-service segment is forecasted to increase its sales this year, propelled by the impressive sales growth from Taco Bell, Chick-fil-A and Domino's as well as another solid year from McDonald's.
Growth for the fast-casual segment is forecasted to remain strong but the days of annual double-digit sales growth have likely concluded.
Sales growth for full-service chains is expected to improve marginally in 2018 after having slowed to 0.9% in 2017.

This forecast was developed as an extension of the annual Top 500 Chain Restaurant Report. Technomic leveraged year-to-date performance data from its Transaction Insights product as well as investor releases from publicly held companies. Each chain's growth trajectory from prior Top 500 reports were also considered. To learn more about this report and all the other annual industry reports that Technomic produces, visit https://www.technomic.com/available-studies/industry-reports. To learn more about Transaction Insights, visit https://www.technomic.com/membership-programs/transaction-insights.

Contacts:
Press inquiries: Joe Pawlak, (312) 506-3940, [email protected]
Purchasing details: Patrick Noone, (312) 506-3852, [email protected]

About Technomic
Technomic Inc., a Winsight company, delivers a 360-degree view of the food industry. It impacts growth and profitability for clients by providing consumer-grounded vision and channel-relevant strategic insights. Its services range from major research studies and management consulting solutions to online databases and simple fact-finding assignments. Its clients include food manufacturers and distributors, restaurants and retailers, other foodservice organizations, and various institutions aligned with the food industry. Visit Technomic at www.technomic.com.

About Winsight LLC
Winsight LLC is a recognized leader in business-to-business media and information services for the convenience-retailing, foodservice and grocery industries. Winsight has an extensive media portfolio, including five publications: CSP, Restaurant Business, FoodService Director, Convenience Store Products and Winsight Grocery Business. Winsight also offers a suite of digital products, including websites, e-newsletters, webinars, video products, mobile and tablet apps, and custom marketing solutions. In addition to more than 12 major EduNetworking conferences and advisory meetings, Winsight also produces seven exclusive, large-scale executive-level conferences: Restaurant Leadership Conference, Global Restaurant Leadership Conference, Outlook Leadership Conference, Convenience Retailing University, FSTEC, MenuDirections and Restaurant Directions. In 2015, Winsight acquired Technomic Inc., a provider of primary and secondary market information and advisory services for the food industry. For more information on Winsight and its brands, go to www.winsightmedia.com.

SOURCE Technomic