2011 might have been a lousy year for a number of sectors, but it was a bumper period for U.S. restaurant chains, according to a recent report from Technomic.
The food consulting and research firm released its annual report on the country’s restaurants, and found that the 500 largest chains banked a 3.4% jump in annual sales to $242 billion — better than the 1.8% improvement from the year before.
Of the $242 billion, $8.2 billion alone can be credited to the top 10 fastest-growing chains in the nation, which included a few publicly traded companies, such as Chipotle Mexican Grill (NYSE:CMG), BJ’s Restaurant Inc.‘s (NASDAQ:BJRI) BJ’s Restaurant & Brewhouse and Buffalo Wild Wings (NASDAQ:BWLD).
Here’s a quick look at the full list of the 10 fastest-growing chains with sales of more than $200 million:
|Five Guys Burgers and Fries||N/A||$951||32.8%||24.7%|
|Chipotle Mexican Grill||CMG||$2,261||23.4%||13.0%|
|Jimmy John’s Gourmet
|BJ’s Restaurant & Brewhouse||BJRI||$621||20.9%||12.7%|
|Buffalo Wild Wings Grill & Bar||BWLD||$2,045||20.1%||11.6%|
|Raising Cane’s Chicken Fingers||N/A||$206||18.2%||24.0%|
|Noodles & Company||N/A||$300||14.9%||11.4%|
|Ranked by percentage increase in sales in 2011 vs. 2010 * Technomic estimate|
The full Technomic Top 500 Chain Restaurant Report (2012) can be ordered here.
– Kyle Woodley, InvestorPlace Assistant Editor