Following a period of fast growth and heavy interest from the investor community, Honeygrow has slowed its expansion. The fast casual announced last winter that it planned to shutter several of its Chicago locations as it struggled with high rent costs and scaling its employee training and other operations. "We'll use 2019 to clean this up and take a step back and focus on the operators and on the training," CEO Justin Rosenberg previously told Restaurant Business. "I want to take a step back to move forward. It's critical to take this time now to get it right."
| 2018 Systemwide Sales ($000,000) | $48* |
|---|---|
| YOY Sales Change | 33.2% |
| 2018 U.S. Units | 29 |
| YOY Unit Change | 11.5% |
| 2018 Average Unit Volume ($000) | $1,750* |
| Future 50 Year | 2019 |
| Franchising | No |
*Technomic estimate
For more insights from Technomic as well as Technomic’s analysis, growth forecast and more: