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.
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 firstname.lastname@example.org to talk about anything food-related.
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