At Extreme Investor Network, we are always on the lookout for the latest trends and insights in the business world. One recent report caught our attention, revealing that publicly traded restaurant chains are dominating the fastest-growing retail brands in the U.S. If you’ve been wondering why that new restaurant in your neighborhood seems so familiar, this could be the reason why.
According to a recent Yelp report, chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. The report compiled data on net new openings, searches on the platform, and consumer interest to determine the fastest-growing brands. Impressively, 35 out of the 50 fastest-growing chains were restaurant brands.
Some notable mentions in the report include Jack in the Box, First Watch, and Dutch Bros, although they didn’t crack the top 10. On the other hand, publicly traded retailers like Levi Strauss, Nordstrom, and Costco also made the list, showcasing the diverse range of industries experiencing rapid growth.
So, who made it to the top 10 list of fastest-growing brands? Let’s take a closer look at some of the standout performers:
1. Cava: The Mediterranean fast-casual chain went public through an IPO and raised nearly $318 million, leading to a significant expansion plan.
2. Scooter’s Coffee: This Midwestern coffee chain saw a 53% increase in net new locations, thanks to its drive-thru-only model.
3. LongHorn Steakhouse: Part of the Darden Restaurants portfolio, LongHorn Steakhouse continues to outperform industry averages with its takeout business.
4. The Habit Burger Grill: Acquired by Yum Brands, this California-based burger chain has seen rapid growth on the East and West coasts.
5. Wawa: Known for its convenience stores, Wawa is expanding into new markets with a focus on drive-thru locations.
6. Popeyes Louisiana Kitchen: With a popular chicken sandwich, Popeyes has overtaken KFC in sales, becoming the second-most popular chicken chain in the U.S.
7. Freddy’s Frozen Custard & Steakburgers: Under new ownership, Freddy’s has seen significant development and now has over 500 locations.
8. Rally House: This sports apparel retailer has set records for new openings, expanding from the Midwest to states like Pennsylvania and Arizona.
9. Olive Garden: A standout in the Darden Restaurants portfolio, Olive Garden continues to grow, adding about 20 new locations in fiscal 2023.
10. Jersey Mike’s Subs: The second-largest U.S. sandwich chain is rapidly expanding, primarily in California, Texas, and Florida.
These are just a few highlights from the report, showcasing the impressive growth and expansion strategies of these top-performing brands in the U.S. Keep an eye on Extreme Investor Network for more exclusive insights and analysis on the latest trends in the business world.
