The average Chick-fil-A restaurant generates more than double the revenue of the average McDonald’s restaurant, according to a new Goldman Sachs analysis that also predicted Chick-fil-A has an even brighter future.
Chick-fil-A does this despite being closed Sundays.
“Our brand survey shows that Chick-fil-A has had the most brand momentum across [fast-food restaurants] – supporting the most increase in total revenue (in dollar terms) in the US,” the analysis said.
Business Insider was the first to report the new data, which showed Chick-fil-A franchises generate double the average revenue of a McDonald’s restaurant. Goldman Sachs cited Technomic data.
The Goldman Sachs analysis also said the company has experienced a “rapid rise.”
“Steer clear from those in the fray of Chick-fil-A,” it said. “Our 2,000-consumer brand survey suggests they will continue to take share and grow.”
Earlier this year, Chick-fil-A became the third-largest fast-food chain in the United States, according to data cited by the Nation’s Restaurant News. Its $10.46 billion in total sales in 2018 trailed only No. 1 McDonald’s ($38.52 billion) and No. 2 Starbucks ($20.49 billion).
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Source: Christian Headlines