Move Over, McDonald’s: The 5 Fastest-Growing, Publicly Traded Fast Food Restaurants
By Stephanie Taylor Christensen
When its second-quarter 2013 profit and earnings growth failed to meet Wall Street’s expectations in July, McDonald’s (NYSE:MCD) said that it planned to open fewer new restaurants and carefully monitor its prices to account for weaker global demand. Does that mean that fast food as a whole is in trouble? Not at all.
Wendy’s (NASDAQ:WEN) Q2 2013 earnings announcement was a comeback story of sorts from the same time one year ago. The company announced an increase in margins and same-store sales growth, a 25% dividend increase, plans to shift more of its corporate-owned holdings to franchise operators, and a renewed strategic focus on its value-oriented menu.
Burger King (NASDAQ:BKN) reported a 30% rise in quarterly profits and higher-than-expected earnings. Despite posting weaker profits in Q2 2013 largely due to incidents in China, Yum Brands (NYSE:YUM), the parent company of Taco Bell, KFC, and Pizza Hut, also beat analyst expectations; its stock price hit a new 52-week high last week.
But the success of major fast food and quick-service restaurant players doesn’t mean that there aren’t opportunities for up-and-comers to capture their own lucrative stake in the billion dollar industry.
According to the National Retail Federation and Kantar Retail’s Hot 100 Retailers List, the top 10 fastest-growing fast food restaurants, measured by year-over-year sales growth, are: Jimmy John’s, Cheddar’s Casual Café, Buffalo Wild Wings (NASDAQ:BWLD), Chipotle Mexican Grill (NYSE:CMG), Panda Restaurant Group, Noodles & Company (NASDAQ:NDLS), Zaxby’s Franchising, Wingstop Restaurants, BJ’s Restaurants (NASDAQ:BJRI), and Chick-fil-A.
CLICK HERE <———============= for a closer look at the top five publicly traded names on the list.
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