Despite the handful of chicken-hating naysayers out there, Chick-fil-A is on track to become the third largest restaurant chain in the United States.
According to data compiled by Kalinowski Equity Research, the Atlanta-based eatery will rise from its seventh-place spot to become the country’s third largest restaurant by the end of the year, Business Insider reported.
“We have long pointed out that Chick-fil-A is the restaurant competitor with which McDonald’s … should most concern itself — and by extension, investors should, too,” analyst Mark Kalinowski said of the study’s findings. “But this goes beyond McDonald’s.”
Today's priorities = giggles, Nuggets and writing letters to Santa. pic.twitter.com/4CwDby4YD9
— Chick-fil-A, Inc. (@ChickfilA) December 13, 2018
Chick-fil-A is seeing incredible growth ahead of schedule.
The group’s initial predictions showed the fast-food franchise reaching the third-place spot by 2020. But in April, Kalinowski bumped up his prediction, claiming Chick-fil-A could become the third largest restaurant in the U.S. by 2019.
As it turns out, he was right. Chick-fil-A’s sales have increased this year by a whopping 12 to 15 percent — an increase in more than $1 billion of revenue.
“If this plays out this way,” Kalinowski explained, “Chick-fil-A’s 2018 U.S. systemwide sales would easily surpass those of Burger King and Wendy’s.”