Chick-Fil-A Is Really About To Pass Starbucks As The Second Largest Chain In The Country
Despite backlash following Chick-fil-A's continued anti-LGBTQ controversies, Americans can't stay away from those beloved chicken nugs. Even now, while still embroiled in scandal, the brand is on track to surpass Starbucks as the second largest restaurant chain in the U.S.
Monday's National Restaurant News (NRN) analysis ranked the fan-fav fast food joint at number three, behind both Starbucks and McDonalds. ICYMI, that's a huge jump. Last year, Chick-fil-A was seventh in line.
The whole ranking system is based on sales. According to the site, Micky D's scored a whopping $38+ billion while Sbux had more than $20 billion in total sales. Chick-fil-A's $10.5 billion places them ahead Burger King, Taco Bell, Wendy's, and Subway, but it looks like they just might swipe that coveted number two slot from their coffee giant rival.
The company reported 16.7 percent sales growth in 2018, and though scandal has seemingly muddled its reputation, it hasn't slowed business. Experts are predicting an overthrow. "Can they reach $30 billion? I think that's also a realistic goal if you give them enough time," Mark Kalinowsi of Kalinowski Equity Research told Business Insider: "And that should put them ahead of Starbucks."
A post shared by Chick-fil-A, Inc. (@chickfila) on Jun 19, 2019 at 8:31am PDT
But how exactly has Chick-fil-A remained on that fast track? Constant expansion. "They're severely under-penetrated," Kalinowski continued. "Once you start looking at all these other big metropolitan areas in all these states, there's room for growth for, not just years and years to come but potentially decades to come."
@ Starbs, I'd be shaking in my boots if I were you.
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