Chick-fil-A Will Soon Be Third Largest Fast-Food Chain In US

Chick-fil-A Will Soon Be Third Largest Fast-Food Chain In US. www.businessmanagement.news

Chick-fil-A is on fire.

The fast-growing chicken-sandwich franchise is poised to become the third-largest fast-food chain in the country next year by sales, replacing Subway, according to Kalinowski Equity Research.

The No. 3 spot is now held by Subway, behind No. 2 Starbucks and No. 1 McDonalds.

Chick-fil-A held the No. 7 spot in 2017.

Chick-fil-A would leapfrog past Taco Bell, Burger King and Wendy’s, the No. 4, 5 and 6 chains respectively, according to the firm.

The privately held company “has rocketed this year,” Mark Kalinowski said. Last year, Chick-fil-A’s stores grew by nearly eight percent, to more than 2,100.

Chick-fil-A’s sales are expected to grow as much as 15 percent to $10 billion on top of 14.2 percent growth last year, according to Kalinowski.

He estimates that comparable-store sales are up between 4.5 percent and 7.5 percent this year as the company expands beyond its Southeast stronghold, opening more stores in the Northeast and Midwest.