McDonald’s once again was the largest restaurant chain in the U.S. in 2017, according to Technomic’s Top 500 Chain Restaurant Report. Despite shrinking its unit count in the past couple of years, including a 0.8% decline last year, it maintained its overall dominance. With its combination of high average unit volume, which at $2.5 million is still among the highest in limited service, and more than 14,000 locations, McDonald’s is by far the most popular U.S. restaurant chain. Read on to see how.
Starbucks is still less than half of McDonald’s size, even after growing by more than $1.5 billion last year. That 12-year figure is assuming McDonald's saw no growth at all.
The next 10 chains are Burger King, Wendy’s, Sonic Drive-In, Jack in the Box, Hardee’s, Whataburger, Carl’s Jr., Five Guys, Culver’s and Steak ’n Shake.
The Bottom Line: The fast-food giant is again the recipient of unwitting publicity, this time over the capture of the alleged killer of United Healthcare’s CEO.
The minimum wage will rise to that level in increments by 2028, in time for the Olympics. Workers at several dozen hotels around LAX will also be entitled to the higher wage.
The new CEO revealed his plans for the pizza chain in an investor presentation on Thursday, including changes to marketing, a focus on core menu items, investments in technology and some “tough discussions” with franchisees.
