A number of this year's crop of star upstarts have brothers as business partners. Keke's and Snooze were founded by brothers; Fresh Brothers' CEO launched the chain with recipes from his older brother, and Vitality Bowls' owner brought in her brother after a year to run operations.
There are 27 limited-service chains in this year's Future 50. Among them, fast casuals dominate, claiming 23 of those spots versus only four quick-service concepts.
Whereas full-service chains showed the greatest slowdown in year-over-year growth and sales in the industry overall, they make a notable showing in the Future 50. Indeed, nearly half of this year's concepts are full service.
Barbecue is one of several niche menu categories in the specialty segment that grew 9.5% year over year. Such specialized concepts will continue to win favor with consumers, predicts Technomic.
The buzz around all-day breakfast—and increasingly consumers' tendency to grab a second bite in the morning as a snack—may be giving a jolt to momentum of breakfast-focused chains. The morning mix in the Future 50 includes breakfast-and-lunch-only spots (Snooze and Keke's) as well as bakery-cafes such as Caffebene and 85C.
Experience may be propelling some of these growth chains. Piada came from Bravo Brio founder Chris Doody; Bubba's 33 was launched by Texas Roadhouse founder Kent Taylor. Paul Fleming, creator of P.F. Chang's and Fleming's Prime Steakhouse, opened Paul Martin's American Grill. And the minds behind Eddie V's and Wildfish (now Darden-owned) launched Hopdoddy.
Among full-service chains, sports bars and steakhouse are forecast to lead all other segments with 4% unit growth this year, according to Technomic's Top 500 Chain Restaurant Report.
The Bottom Line: The salad chain’s stock rose 34% on Friday after sales and profitability were better than expected. The company’s shares are above its IPO price for the first time in two years.
Reality Check: The first 3 months of 2024 weren’t easy on restaurant chains, but spin-doctoring proved to be. Indeed, there must have been a run on shovels.
Nancy Kruse and Lisa Jennings discuss restaurant reservation scalpers, cancellation fees and what to do when you can't get into the hottest concept in town.
The fast-food giant, which has shifted its focus to value, wants to entice inflation-weary consumers. But it has yet to get full approval from franchisees concerned about rising costs.