America’s appetite for hamburgers has grown and grown more sophisticated for decades. From tasty quarter pounder and freshly made singles to beefy “best burger” creations with all the trimmings, people love to satisfy their cravings.
And while many popular burger chains continue to recover from the ongoing pandemic, other chains are showing solid gains in sales, traffic and overall popularity, as evidenced by the latest earnings and revenue figures. other stats from five popular burger chains.
And don’t miss America’s top three burger chains are being sued for misleading their customers.
As the world’s largest fast food chain with over 37,000 locations in 115 countries, McDonald’s is hard to beat.
The latest statistics from Golden Arches show the burger giant’s sales rose 11% to $5.67 billion, beating expectations of $5.59 billion. Its global same-store sales climbed 11.8% in the first quarter of this year, fueled by strong growth in markets such as France and the United Kingdom.
System-wide digital sales, which include curbside delivery, app-based and online ordering, a key part of the company’s ‘Accelerating the Arches’ growth strategy, also soared. to $5 billion over the period.
In a statement, McDonald’s President and Chief Executive Officer, Chris Kempczinski, said, “In a quarter that saw an increasingly complex and uncertain operating environment, I am proud to share that once again the Arches shone brightly. a thousand fires. He added that in most of the company’s key markets, the burger giant “maintained QSR (quick-service restaurant) traffic share gains by focusing on improving our brand, accelerating digital channels and showcasing our core chicken and beef stocks.”
In short, McDonald’s continues to be a global leader and a key destination for lovers of burgers, fries, and all things fast food.
The latest earnings report from Ohio-based Wendy’s would make late founder Dave Thomas proud.
The company, which has 7,000 restaurants globally, had one of its best quarters in history this year as global same-restaurant sales grew double digits and the company increased its global digital sales mix. to more than 10%, according to a report on the results. Release.
The chain also recorded historic unit growth, with more than 90 new restaurant openings, helping the company achieve an expected net unit growth target of 5% to 6% in 2022.
“We continue to make meaningful progress against our three strategic growth pillars, building the strength and resilience of the Wendy’s brand and driving robust growth in AUV (average unit volume) and sales,” said the President and CEO, Todd Penegor, during a conference call.
He added that the company is confident that it can achieve its vision to “become the most successful and loved restaurant brand in the world.”
As the leader in the fast casual “best burger” category, BurgerFi reported strong profit growth in the first quarter of this year, rising 311% to $44.9 million from $10.9 million. dollars in the first quarter of last year.
The company also says it opened six new BurgerFi locations in the quarter, helping it meet a growth target of adding 15-20 new locations in 2022. System-wide sales for BurgerFi also increased by 2 % to reach $40.5 million, compared to $39.8 million in the previous one. – period of one year.
“In the first quarter, we built a solid foundation for growth for 2022,” BurgerFi CEO Ian Baines said in a statement. Release. “We’ve seen 20% growth in BurgerFi corporate dining sales from new store openings over the past year, while continuing to retain a strong share of our digital sales.”
Founded in 2011, the chain currently operates 124 restaurants. As a Shake Shack competitor, it prides itself on using quality ingredients such as additive-free Angus beef, Wagyu beef, hand-cut fries and cream shakes.
Shake Shack is a favorite among burger connoisseurs, thanks to its high-quality Angus beef burgers and handmade shakes. The channel reports total revenues of $203.4 million in the first quarter of 2022, up 31% compared to the same period in 2021. System-wide sales also increased by 35.6%.
The company also opened seven new locations during the quarter, including two drive-thru locations in Livonia, Michigan, and Vineland Pointe, Florida. She also announced her first restaurant in Nanjing, China.
“We are proud of how our team members overcame the pressures experienced in January and February by a sharp increase in the number of COVID cases. Our best results in March show that we continue to recover sales and profit from ‘exploitation,” said Randy Garutti, CEO of the channel. .
Garutti added that the company remains committed to strategic initiatives, investing in digital transformation and “evolving our cabanas with new formats like drive-thru, and delivering an incredible customer experience.”
Founded in New York in 2004, the company continues to build on its cult appeal and strong growth with more than 380 sites in 32 states, including more than 100 international sites.
Wisconsin-based Culver’s doesn’t report quarterly results but has consistently been named one of America’s most popular regional burger chains, beloved for its hospitality, burgers, ice cream and even coffee. In 2020, the channel’s revenue reached nearly $2 billion.
Culver’s currently has more than 800 locations in 25 states and is ranked No. 2 in sales growth among the top 10 hamburger chains in the United States, according to Technomic’s Top 500 Restaurant Chain Report. It was also named one of the best franchise values, as well as one of the favorite chains for millennials by catering company.
Additionally, the channel landed fifth place in USA Today’s annual list of the best regional fast food.