People in America are not just eating chicken, but they are consuming a lot of “mor chicken” these days, the news report confirms. Owing to this fact, the favorite and most popular fast food restaurant in America, Chicki-fil-A, is now on the edge to become the 3rd largest fast-food chain by the end of 2018 as per the news report of Kalinowski Equity Research. Earlier in December 2018, the Restaurant Business declared that this fast-food chain is all set to give a fierce competition to the largest burger giant McDonald’s in the QSR Space and finally become the largest fast food chain by the end of 2018.
McDonald’s has secured the top position in the 2017 ranking in the USA with the system-wide sales of over $3.7 billion and Starbucks Corporation was at second position with a whopping $17.65 billion sales in the USA alone according to the MarketWatch.com report.
What does Market Analysis say?
Based on the report of Business Insider, the people in America is now predicting that Chicki-fil-A is all set to rise in the coming days and by the end of the year. However, the initial expectations suggest that the rise would happen by the end of 2020 as it may take a longer time. The Market Analyst Mark Kalinowski has also updated his report and according to his forecasting in the month of August, the rise and popularity of Chicki-fil-A would actually happen by the end of 2018 or in the first quarter in 2019.
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He also confirmed that he has been long pointed out that Chicki-fil-A is actually the restaurant competitor and the McDonald’s is the biggest rival of Chicki-fil-A. So, the officials of McDonald’s and the investors must concern itself. However, the popularity and rise of Chicki-fil-A would go beyond McDonald’s.
What Is the Sale Report of Chicki-fil-A Says?
It has been estimated that the sales of Chicki-fil-A has been increased by 14.2% in 2017 which is equivalent of $1.1 billion and it is exceeding by $9 billion according to the Restaurant Business report. Moreover, the sales are expected to rise by 15.5% in 2018 and even more by the end of the year. Based on the report published by Technomic Chicki-fil-A sales are increasing at a rapid pace than any other brands in the market and this signifies that the brand would excel and top the list in the coming year, leaving behind McDonald’s.
In the year 2017 report, Chicki-fil-A was at the 7th position and this means it will leap over Burger King, Subway, Taco Bell, Wendy’s and even other giants to reach the 3rd position. Now the other fast food giants must start worrying as Chicki-fil-A has enough scope to grow by the end of the year. Chicki-fil-A has also confirmed that by the end of the fiscal year they will open 11 new restaurants in NYC which are the state with 19 million residents. It will also open new restaurants in other popular states and this will give a boost to its revenue and sales.