Below we shared the list of the fastest growing fast food chains. For a detailed discussion as well as a more comprehensive list please see 15 Fastest Growing Fast Food Chains.
5. Pizza Hut (owned by Yum! Brands, Inc. (NYSE:YUM)
Number of locations opened between 2016-2019: 2,294
American restaurant chain Pizza Hut was founded in 1958 by Dan and Frank Carney in Wichita, Kansas. What began as a 550 square foot pizza restaurant has become a network of 19,703 restaurants in over 100 countries around the world, making it the world’s largest pizza chain in terms of locations. Currently Pizza Hut is a subsidiary of Yum! Brands, Inc. (NYSE:YUM).
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4. Burger King (owned by Restaurant Brands International Inc (NYSE:QSR))
Number of locations opened between 2016-2019: 3,100
Headquartered in Miami, Florida, Burger King is a multinational fast-food restaurant chain with locations in nearly 100 countries around the world. The company was founded by James W. McLamore and David Edgerton in Miami in 1954. Today, as part of Restaurant Brands International Inc (NYSE:QSR), Burger King is the second-largest fast food chain in the United States, after McDonald’s. The signature fast food item of Burger King is the Whopper, trademarked in 1968.
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3. KFC (owned by Yum! Brands, Inc. (NYSE:YUM))
Number of locations between 2016-2020: 3,396
On the third spot among fastest growing fast food chains, is another subsidiary of Yum! Brands, Inc. (NYSE:YUM), Kentucky Fried Chicken, or KFC. The chain was founded by Colonel Sanders and is best known for its signature fried chicken. After McDonalds, KFC is the world’s second largest restaurant chain in terms of sales. There are over 22,000 KFC locations spread across 150 countries. The fried chicken sold by KFC is seasoned with Colonel Sanders’s recipe of 11 herbs and spices, the constituents of which are a trade secret.
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2. Domino’s Pizza, Inc (NYSE:DPZ)
Number of locations between from 2016-2020: 3,400
Then there is Domino’s Pizza, Inc (NYSE:DPZ), a pizza chain founded in 1961 by James Monaghan, Tom Monaghan, and Dominick DiVarti. Domino’s Pizza, Inc (NYSE:DPZ) is an American multinational pizza restaurant chain headquartered in Ann Arbor, Michigan. Today Domino’s Pizza, Inc (NYSE:DPZ) is a world leader in pizza delivery, with over 17,000 locations in over 80 countries. After the United States, the country with the most Domino’s Pizza, Inc (NYSE:DPZ) franchises is India, where the company has more than 1,200 locations. Domino’s Pizza, Inc (NYSE:DPZ) is a pizza chain powerhouse, generating a revenue of $4.12 billion in 2020.
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1. Starbucks Corporation (NASDAQ:SBUX)
Number of locations opened between 2016-2020: 9,367
Topping the list of 15 fastest growing fast food chains is Starbucks Corporation (NASDAQ:SBUX). Founded in 1971, the coffeehouse chain is now one of the most recognizable cafes in the world. The company began with just a single store in Seattle, Washington and has grown into the world’s largest coffeehouse chain, operating in over 33,000 locations in more than 70 countries. A pioneer in the American coffee culture, Starbucks Corporation (NASDAQ:SBUX) employs over 340,000 people. Starbucks Corporation (NASDAQ:SBUX) has a market share of around 40%, maintaining the highest share of coffee shop market in the United States. Starbucks Corporation (NASDAQ:SBUX) intends to keep its spot as one of the fastest growing fast food chains in the world as it has announced plans to reach 55,000 outlets by 2030.
See also: 11 most profitable food items sold in America in 2018 and 11 foods that lower cholesterol fast
