The Top 200 Canadian Restaurant Chains Show Significant Growth
CHICAGO, Sept. 25, 2013 /CNW/ - The Top 200 Canadian restaurant chains accounted for $27.8 billion in sales in 2012, comprising roughly 60 per cent of Canada's total restaurant sales. Keeping on par with the foodservice industry, the Top 200 chains saw sales grow 4.3 per cent in 2012. Additionally, unit growth jumped 2.5 per cent to total 25,070 stores.
Technomic's Top 200 Canadian Chain Restaurant Report found limited-service chains accounted for 73.8 per cent or $20.5 billion of total Top 200 sales and 85.8 per cent or 21,509 units. Sales increased 4.9 per cent from the prior year and units increased 2.6 per cent. The fastest growing limited-service categories were Asian, other beverages and coffee cafe—up 10.1 per cent, 7.6 per cent and 6.1 per cent, respectively.
Tagging closely behind, full-service chains saw sales grow 2.5 per cent to a total of $7.3 billion in 2012. Overall, full-service chains netted an increase of 1.6 per cent units for a total of 3,561. The full-service segment made up 26.2 per cent of sales and 14.2 per cent of Top 200 units.
"We continue to see solid growth within the foodservice industry," said Darren Tristano, Executive Vice President of Technomic. "Organizations are adapting to consumer needs. We're seeing the Canadian foodservice landscape grow as ethnic influences and international competitors look to leave their mark. Further expansion of U.S.-based Five Guys Burger and Fries, Panera and Chipotle into Canada will strengthen some of the country's smaller clusters like limited-service bakery cafe and Mexican."
Technomic's updated Top 200 report is the only publication that provides a comprehensive executive summary, detailed profiles and ranking of the Top 200 Canadian chain restaurant brands by 2012 sales. Developed in partnership with Kostuch Media, select report findings include:
- Tim Hortons firmly maintained its top spot with Canadian sales of $5.9 billion in 2012, up 6.2 per cent from 2011. McDonald's ($3.8 billion) and Subway ($1.6 billion) were again positioned at numbers two and three.
- The largest limited-service categories in terms of total 2012 sales were coffee cafe ($7.6 billion), burger ($6.1 billion) and other sandwich ($2.2 billion). The top performers in these categories were Tim Hortons (coffee cafe), McDonald's (burger), and Subway (other sandwich).
- The largest menu categories among full-service chains in terms of sales were varied menu ($4 billion), family style ($1.5 billion) and steak ($584.4 million). Top performers among these full-service categories are Boston Pizza (varied menu), Swiss Chalet (family style), and The Keg Steakhouse and Bar (steak).
On October 22, Technomic will provide a deep dive into the Canadian restaurant industry at its annual Canadian Restaurants Trends & Directions Conference in Brampton, Ontario. Additional details and registration information is available online.
Contacts:
Press Inquiries: Darren Tristano, 312-506-3850, or [email protected]
Purchasing Details: Patrick Noone, 312-506-3852, or [email protected]
Report Details: Naomi Van Til, 312-506-3844, or [email protected]
Technomic partnered with Kostuch Media Ltd. in the collection and development of data for the Top 200 Canadian Chain Restaurant Report.
Technomic provides clients with the facts, insights and consulting support they need to enhance their business strategies, decisions and results. Its services include numerous publications and digital products, as well as proprietary studies and ongoing research on all aspects of the food industry
Kostuch Media covers the dynamic and ever-evolving hospitality industry by delivering a diverse array of media products for today's sophisticated marketers. Its magazines deliver extensive signature reports and award-winning editorial, reflecting a continued commitment to provide the foodservice and hospitality industry with in-depth, quality reporting.
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SOURCE: Technomic
http://www.technomic.com
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