CHICAGO, May 30, 2023 /PRNewswire/ — Technomic released one of its most highly anticipated reports, the 2023 Top 200 Canadian Chain Restaurant Report, which includes expert findings and insights into the sales performance of Canadian chain restaurants in 2022. The report—built using decades of historical data—provides a detailed analysis of the foodservice industry and overarching trends, annual sales and unit counts by chain and segment.
“Total sales for Canada’s Top 200 chain restaurants hit $40 billion in 2022, improving by 15% compared to the prior year,” said Kevin Schimpf, director of industry research and insights at Technomic. “While overall chain restaurant sales managed to bounce back to pre-pandemic levels, the recovery was largely driven by rising menu prices and the top-heavy growth of the industry’s top-ranked players.”
Key findings include:
- Total Top 200 chain sales accounted for over half of all Canadian restaurant and bar industry sales in 2022
- The Top 200’s location footprint includes more than 27,000 restaurants, and has grown each of the last two years following a pandemic-related contraction in 2020
- Historically high consumer prices for foodservice played a major role in boosting chain restaurant sales growth
- Limited-service Mexican and chicken chains achieved standout sales and location growth in 2022
The latest report on the Top 200 Canadian chains is available for purchase now: https://www.technomic.com/reports/industry-reports
Contacts:
Press and program inquiries: Kevin Schimpf, [email protected]
Purchasing details: Patrick Noone, [email protected]
About Technomic
Technomic Inc., a Winsight company, was founded as a management consulting firm in 1966. Since then, Technomic’s services have grown to encompass cloud-based B2B research tools, consumer and menu trend tracking and other leading strategic research and analytic capabilities, to prioritize and size business opportunities. Our clients include food manufacturers and distributors, restaurants, retailers and multiple other business verticals aligned with the food industry that are looking to make informed decisions to support their business growth. Visit Technomic at www.technomic.com.
About Winsight
Winsight LLC is a business-to-business information company serving the restaurant and noncommercial foodservice, convenience and petroleum retailing and grocery industries. Winsight provides research and analytics, branding solutions, face-to-face opportunities, lead generation initiatives, and content marketing services through products including subscription data products, reports, research tools, research programs, fully custom studies, conferences, custom marketing services, meetings, print and digital trade media. To learn more, visit winsightmedia.com
SOURCE Technomic
Originally published at https://www.prnewswire.com/news-releases/technomic-reports-how-historically-high-inflation-impacted-top-200-canadian-chain-restaurant-performance-in-2022-301829814.html
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