Circle K, Freddy’s Frozen Custard & Steakburgers and Tropical Smoothie Cafe ranked among the Top 10 fastest-growing franchises by unit, according to the Franchise Times Top 200+ ranking.
Circle K and Freddy’s each showed about 19% growth from the previous year to $8.1 billion, while Tropical Smoothie showed an increase of 16.5% to $392.9 million. At $90.9 billion in sales, Mcdonald’s was the No. 1 franchise overall with a 7% increase, with 7-Eleven, KFC, Burger King, Subway, Domino’s and Pizza Hut all in the top 10.
The 200 largest U.S.-based franchisors grew their combined annual sales by more than $28.5 billion (4.6%) last year. The 10 largest franchised brands added $14.3 billion in sales, increasing 5%.
For the full story, go to this week’s Food Institute Report.
[Editor's note: OFW Law Principal Attorney Michael J. O'Flaherty provided this blog piece regarding the need for federal oversight regarding the ongoing trend of class action lawsuits filed against food companies regarding product labeling.]read more
Chris focuses on fresh, canned and frozen fruit and fresh and dried vegetables for the Food Institute Report. In addition, he assists in compiling data for various Food Institute publications throughout the year. He is a proud Rutgers University alumnus with a degree in English, and has a background in web writing for a variety of industries, including legal, foodservice and small-to-medium sized businesses. In his downtime you can find him watching New York Yankees baseball, hiking, enjoying live music and spending time with his dog Kaiden. He invites you to contact him via email at email@example.com to talk about anything food-related.
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."