ID NEWS: Top 100 chains remain 'dynamic' in 2002

In 2002, the Top 100 chain operators matched their 2001 performance, despite a weakened economy and growing concerns over war in the Middle East, according to a yearly survey conducted by Technomic, Inc., Chicago.

The annual growth rate for the 100 leading chain restaurant companies was 4.7%. System-wide U.S. sales rose to $145.8 billion, a gain of $6.6 billion over 2001, on a same-chain basis.

Such growth supports the perception that foodservice--and the restaurant industry in particular-- has become "relatively insulated" to swings in the economy and remains a "dynamic player" in the U.S. business environment, the industry consultant notes.

The Bakery/Other Sandwich category of the survey enjoyed the highest rate of growth: 13.7%. Donuts were a close second, at 13%. Other foodservice segments with sales growth over 8% included the full-service categories of Broad Menu and Italian.

Quick-casual chain growth has slowed but continues to claim "substantial and well-deserved" attention. The 15 largest chains in this category achieved collective sales growth of more than 12%, down from 17% in 2001. The fastest-growing quick-casual chain was Atlanta Bread Company, with an increase of more than 59%.

Starbucks was largest of the fastest-growing chains, with an increase of 23%. Five other major chains with sales of more than $1 billion also achieved double-digit gains in 2002, including Ruby Tuesday (17%), Subway (16%), Chili's (13%), Golden Corral (12%) and Sonic (11%).

While growth was strong overall among the Top 100 chains, individual results varied significantly. Growth ranged from 14% to 68%, and 24 of the chains registered declines for the year.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Trending

More from our partners