America’s appetite for hamburgers has grown larger and more sophisticated over the decades. From delicious quarter-pound and freshly made singles to meaty “best hamburger” creations with all the toppings, people love to indulge their cravings.
And while many popular burger chains continue to recover from the ongoing pandemic, other chains are seeing significant growth in both sales, traffic and overall popularity, as evidenced by the latest earnings and other statistics from five popular burger chains.
And don’t miss that the top three American burger chains have been sued for defrauding customers.
McDonald’s is hard to beat as the world’s largest fast food restaurant chain with over 37,000 locations in 115 countries.
The latest statistics from Golden Arches show that hippo burger sales rose 11% to $5.67 billion, beating expectations of $5.59 billion. Its global same-store sales grew 11.8% in the first quarter of this year, helped by strong growth in markets such as France and the UK.
Digital system-wide sales, which include curbside delivery, app and online ordering, a key part of the company’s “Accelerating the Arches” growth strategy, also surged to $5 billion over the period.
In a statement, McDonald’s President and CEO Chris Kempczynski said, “In a quarter as the operating environment has grown increasingly complex and uncertain, I’m proud to share that Arches has shined bright again.” He added that in most of the company’s core markets, the burger giant “supported QSR (quick service restaurant) traffic share growth by focusing on boosting our brand, accelerating digital channels, and showcasing our core chicken and beef products.”
In short, McDonald’s continues to be a global leader and a go-to destination for hamburgers, fries and all things fast food.
Ohio-based Wendy’s latest earnings report would have made its late founder, Dave Thomas, proud.
The company, which boasts 7,000 restaurants worldwide, reported one of its best quarters in history this year as global same-store sales rose by double digits and the company increased its global digital sales portfolio by more than 10%. according to the income statement.
The chain also reported historic growth in divisions, opening more than 90 new restaurants, putting the company on track to achieve its planned net growth target of 5% to 6% in 2022.
“We continue to make significant progress on our three strategic growth pillars, strengthening the strength and resilience of the Wendy’s brand and delivering robust AUV (Average Unit Volume) and sales growth,” President and CEO Todd Penegor said in the earnings report.
He added that the company is confident that it will be able to realize its vision of “becoming the most prosperous and beloved restaurant brand in the world.”
As a leader in the quick casual “best burgers” category, BurgerFi reported strong earnings growth in the first quarter of this year, up 311% to $44.9 million from $10.9 million in the first quarter last year.
The company also says it opened six new BurgerFi outlets this quarter, helping it meet its growth goal of adding 15 to 20 new outlets in 2022. BurgerFi’s systemwide sales also rose 2% to $40.5 million from $39.8 million in the previous quarter. -summer period.
“In the first quarter, we laid a solid foundation for 2022 growth,” Jan Baines, CEO of BurgerFi, said in a press release. “We are seeing a 20 percent increase in BurgerFi corporate restaurant sales from new store openings last year, while we are still maintaining a significant portion of our digital sales.”
Founded in 2011, the chain currently has 124 restaurants. As a competitor to Shake Shack, it prides itself on using quality ingredients such as plain Angus beef, Wagyu beef, hand-cut fries and custard smoothies.
Shake Shack is a favorite among burger connoisseurs for its high quality Angus beef burgers and hand crafted cocktails. The network reported total revenue in the first quarter of 2022 was $203.4 million, up 31% from the same period in 2021. System-wide sales also rose 35.6%.
The company also opened seven new locations during the quarter, including two auto services in Livonia, Michigan and Vineland Point, Florida. She also announced her first restaurant in Nanjing, China.
“We are proud of how our team members handled the challenges they faced in January and February due to the surge in COVID cases. Our stronger results for March show that we continue to rebound in sales and operating income,” said Randy Garutti, CEO of the chain. .
Garutti added that the company remains committed to strategic initiatives, investing in digital transformation and “evolving our shacks with new formats like trucking and delivering amazing guest experiences.”
Founded in New York in 2004, the company continues to build on its iconic appeal and strong growth with more than 380 offices in 32 states, including more than 100 worldwide.
Based in Wisconsin, Culver’s doesn’t publish its quarterly earnings but is consistently ranked as one of America’s most popular regional burger chains, beloved for hometown hospitality, burgers, ice cream and even coffee. In 2020, the chain’s profit approached $2 billion.
Culver’s currently has over 800 locations in 25 states and is ranked #2 in sales growth among the top 10 burger chains in the US, according to Technomic’s Top 500 Network Restaurant Report. It has also been named the most valuable franchise as well as the favorite network among millennials. Catering business.
In addition, the chain was ranked fifth in USA Today’s annual Best Regional Fast Food Restaurants.