The Franchise King®

The Top 500 Restaurant Chains According To Datassential

datassential 500 chains 2024

Datassential, the preeminent global food and beverage intelligence platform bridging the gap between consumers and the industry, has recently unveiled its findings for the 2024 top 500 restaurant chains.

(This post may contain affiliate links. Please read my disclosure policy).

In their latest report, the nation’s most substantial restaurant chains experienced a remarkable 7.5% surge in sales during the year 2023, culminating in a staggering $417.13 billion in total revenue.

This impressive growth was primarily driven by strategic price adjustments, which helped offset the relatively modest expansion in the number of operational units, as per the preview of Datassential’s annual Top 500 Chains report, the 2024 Datassential 500. See the Press Release

The report showcases Datassential’s comprehensive analysis of the food and beverage industry, providing valuable insights that connect the evolving preferences of consumers with the dynamic strategies employed by the industry’s leading players.

Get Your Free Franchise Buying Checklist!
Get Your Free Franchise Buying Checklist!
Invalid email address
You'll also get my latest blog posts and my free VIP Franchise Newsletter!

By delving deep into market trends and consumer behavior, Datassential’s intelligence platform equips stakeholders with the essential data and analytics needed to navigate the ever-changing landscape of the food and beverage sector.

Through the Datassential 500 report, the company offers a comprehensive overview of the nation’s most prominent restaurant chains, shedding light on their performance, growth trajectories, and the factors that have contributed to their success.

The Datassential 2024 Report

This annual publication serves as a vital resource for industry professionals, enabling them to benchmark their own operations against the industry’s top performers and make informed decisions to drive their businesses forward.

Highlights Of The Datassential Report On The Top 500 Restaurant Chains 2024

  • The nation’s largest chains increased units by 2.1 percent to 238,152.
  • Subway remains the largest restaurant chain by units despite losing some ground from 2022, with total units in 2023 of 20,133 compared with 20,576 in 2022. McDonald’s is still No. 1 in sales, growing sales to $52.91 billion in 2023 from $48.67 billion the year before.
  • There was only one change in ranking among the top 10 chains by units: Domino’s Pizza overtook Burger King with 6,854 locations nationwide. And in terms of sales, Chipotle moved ahead of Subway, with sales of $9.87 billion.
  • Arkansas-based 7 Brew, a drive-thru coffee chain, is the fastest-growing chain in the U.S., with annual unit growth of 373.7% in 2023 compared with 2022.
  • Expansion accelerated last year for the fastest-growing brands: Five chains grew faster in 2023 than 2022’s fastest-growing restaurant, Mochinut, a Los Angeles-based chain that sells mochi donuts, bubble tea and Korean hot dogs.
Please Share This Article!
follow us in feedly
franchise article written by joel libava
Note: When you buy through links on this website, we may earn an affiliate commission. In addition, I've started to use AI to help me craft better article titles and headings.
The Franchise King® Blog
Get proven franchise research and buying tips, helpful franchising resources, plus the latest franchise news updates and more.
Recommended Reading
How Franchises Work
How Much Is A Franchise?
Pros And Cons Of A Franchise What Is The Franchise Fee? How To Buy A Franchise
Best Franchises To Own

Top 33 Business Ideas
Starbucks Franchise Facts
Featured Franchises!
10 Best Franchise Websites
About Franchise Consultants
How To Read A FDD
Questions To Ask Franchisors
Questions To Ask Franchisees Franchise Discovery Day Franchise Reviews
Top 10 Franchise Buying Tips

Free Franchise Tools Franchise Compatibility Quiz Net Worth Calculator
joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes.
For 23 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

Joel is Highly Principled
There are many people in the franchise business who claim to to be experts in the field. Unfortunately many of them lack both knowledge and integrity. Joel, however, is without question one of the most qualified and principled people I know, in or out of his industry."
- Greg Reynolds, Retired Outplacement Counselor
"Many receive advice, only the wise profit from it."
- Harper Lee

All Franchise Owners Need A Great Business Plan!