Top 10 Restaurant Chains in America by 2023 Revenue

Top 10 Restaurant Chains in America by 2023 Revenue

Company logos courtesy of McDonald’s, Chick-fil-A, Chipotle Mexican Grill, Domino’s, Taco Bell, Starbucks, Wendy’s, Dunkin’, Pizza Hut and Subway.

Last year, the American fast food industry experienced significant transformations. Several chains expanded their market reach and others innovated to adapt to evolving consumer preferences. Let’s delve into the top 10 restaurant chains in America, ranked by their 2023 revenue. 

This list not only highlights their financial achievements but also their influence on employment and their broad range of offerings. Each company has uniquely positioned itself in the hearts of consumers by delivering distinct culinary experiences.

1. Starbucks

Seattle-based Starbucks surpassed others with a 2023 revenue of nearly $36 billion. With a global workforce of over 383,000, Starbucks stands as the premier roaster and retailer of specialty coffee worldwide. The company has captured the market with its unique coffee and tea beverages, snacks and various seasonal specials that resonate with an extensive demographic.

Related: Top 10 Fastest Growing Food and Beverage Companies in 2024

2. McDonald’s

McDonald’s, headquartered in Chicago, Illinois, reported a staggering $25.49 billion in revenue for 2023. As a global powerhouse, McDonald’s employs approximately 210,000 people worldwide. Renowned for its iconic burgers, fries and breakfast offerings, McDonald’s serves millions daily across its numerous global locations with staples like the Big Mac and Happy Meals.

3. Chick-fil-A

Chick-fil-A, from College Park, Georgia, garnered $18.8 billion in revenue last year. With approximately 54,000 employees, Chick-fil-A is celebrated for its chicken sandwiches and distinguished customer service. Its focus on quality and community involvement has cultivated a dedicated customer base, predominantly in the US.

4. Chipotle Mexican Grill

Chipotle Mexican Grill, based out of Newport Beach, California, reported $9.9 billion in revenue last year. It employs about 97,000 people and focuses on burritos, tacos and bowls with a commitment to fresh, sustainable ingredients. Chipotle’s dedication to natural and organic ingredients appeals strongly to health-conscious consumers.

5. Domino’s

Ann Arbor, Michigan-based Domino’s earned nearly $4.5 billion in revenue last year. With over 290,000 employees, Domino’s excels in pizza delivery service, providing a diverse menu that includes pizza, chicken, sandwiches and more, focusing on delivering quality food swiftly.

6. Taco Bell

Based in Irvine, California, Taco Bell, a division of Yum! Brands, earned $2.6 billion in revenue last year. The chain employs over 200,000 people and is famed for its creative Mexican-inspired fare, including tacos, burritos and the beloved Crunchwrap Supreme. Taco Bell’s menu continues to evolve, featuring new and limited-time offerings that maintain customer interest and satisfaction.

7. Wendy’s

Wendy’s, headquartered in Dublin, Ohio, reported revenues of $2.18 billion in 2023. It employs roughly 57,000 individuals and is known for its square hamburgers, sea salt fries and Frosty desserts. Wendy’s differentiates itself with its commitment to fresh, never frozen beef and high-quality ingredients.

8. Dunkin’

Dunkin’, located in Canton, Massachusetts, brought in an estimated $1.4 billion in revenue for 2023. Dunkin’ supports a large workforce of over 270,000 employees and continues to dominate the breakfast segment with its coffee, doughnuts and a wide selection of beverages, sandwiches and seasonal items, catering to all-day snacking needs.

9. Pizza Hut

Another division of Yum! Brands, Pizza Hut, headquartered in Plano, Texas, achieved a revenue of just over $1 billion in 2023. The company employs more than 160,000 people and offers a wide range of pizza styles, including its famous original pan pizza. It also serves pasta, wings and desserts, catering to a variety of dining preferences with options for dine-in, carry-out and delivery.

10. Subway

Subway, based in Milford, Connecticut, saw a revenue of $971.9 million in 2023. Employing nearly 21,000 people, Subway leads in customizable submarine sandwiches, promoting healthier eating with a wide variety of breads, toppings and proteins, all emphasizing freshness.

These top 10 restaurant chains excel in generating revenue and play a crucial role in shaping dining experiences across America. Their success underscores the importance of innovation, quality and understanding consumer preferences in the competitive food industry. Each of these brands offers not just food but a unique dining culture, contributing significantly to the economic and social fabric of the country.

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