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Article: 400 segment rankings.(restaurants)(Cover Story)
- Article from:
- Restaurants & Institutions
- Article date:
- July 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The concepts that make up the Top 400 chains faced some familiar challenges in 2003--an unpredictable economy, relatively high unemployment and global political uncertainties--along with some unexpected new hurdles such as a sudden and surprising shift in many diners' eating habits. Yet once again the chain-restaurant industry showed its resilience: The Top 400 posted aggregate systemwide sales of nearly $218.1 billion in 2003, a 5% increase over the previous year.
That wasn't quite as robust as the 5.6% bounce registered by the Top 400 for 2002, but a 5% uptick still exceeds the 2.9% gain forecast for all limited- and full-service restaurants in 2003 by ...
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