2018 Top 200: Company U.S. Foodservice Revenue

1

Compass Group PLC 

London

Eurest, Canteen, Flik International, Chartwells, Restaurant Associates, Morrison Management, Levy Restaurants, Bon Appetit Management, Unidine

Sept. '17

$13,717.50 

$12,845.00 

$11,395.00 

2

Starbucks Corp.

Seattle

Starbucks Coffee, Reserve Roastery & Tasting Room, Reserve Store & Bar, Teavana, Princi

Sept. '17

$12,412.20 

$11,747.00 

$10,551.00 

3

Darden Restaurants Inc.* 

Orlando, Fla.

Bahama Breeze, The Capital Grille, Eddie V's Prime Seafood, LongHorn Steakhouse, Olive Garden, Seasons 52, Wildfish Seafood Grille, Yard House, Cheddar's Scratch Kitchen

May '18

$8,043.40 

$7,135.70 

$6,902.00 

Latest-Year 12.7-percent increase in estimated U.S. revenue largely reflects Preceding-Year acquisition in April 2017 of the Cheddar's Scratch Kitchen casual-dining chain, which had estimated Latest-Year company-restaurant sales of sales of $664.1 million, as well as growth in net units and growth in same-store sales across most of its portfolio. For the Cheddar's Scratch Kitchen chain, results for which were in the June 18, 2018 NRN Top 200 report, estimated U.S. system sales were revised for the Latest, Preceding and Prior year to reflect new owner Darden's May fiscal year-end, versus previous owner's December year-end. 

4

Aramark

Philadelphia

Aramark Services Inc. (Food & Support Services, Aramark Leisure Services)

Sept. '17

$7,659.00 

$7,577.00 

$7,449.00 

5

Sodexo 

Paris

Sodexo Corp. Services, Healthcare Services, Campus Services, Secondary School Services, Retail Brands (Jazzman's Cafe)

Aug. '17

$7,473.30 

$7,262.70 

$7,024.00 

After the close of its Latest Year, in December 2017, acquired from Olympus Partners for $675 million the Centerplate contract-management firm, with estimated annual U.S. foodservice revenue of about $790 million. 

6

McDonald's Corp.

Chicago

McDonald's

Dec. '17

$4,668.70 

$5,087.80 

$5,499.10 

7

Chipotle Mexican Grill Inc. 

Denver

Chipotle, Chipotle Mexican Grill, Pizzeria Locale

Dec. '17

$4,416.70 

$3,861.60 

$4,469.50 

8

Golden Gate Capital*

San Francisco

California Pizza Kitchen, CPK ASAP, Red Lobster, Bob Evans Restaurants

Dec. 17

$3,882.80 

$3,027.00 

$2,996.60 

Golden Gate Capital Growth of 28.3 percent in estimated Latest-Year U.S. revenue largely attributable to incremental sales from the April 2017 acquisition of the Bob Evans Restaurants family-dining chain, then about 523 units, for $565 million. Bob Evans contributed an estimated $856.9 million in Latest-Year revenue.

9

Bloomin' Brands Inc.

Tampa, Fla.

Outback Steakhouse, Carrabba's Italian Grill, Outback-Carrabba's Express, Fleming's Prime Steakhouse & Wine Bar, Bonefish Grill

Dec. '17

$3,751.00 

$3,791.50 

$3,873.30 

10

Brinker International Inc. 

Dallas

Chili's Grill & Bar, Maggiano's Little Italy

June '18

$3,067.90 

$3,074.00 

$3,178.80 

11

Panda Restaurant Group Inc. 

Rosemead, Calif.

Panda Express, Panda Inn, Hibachi-San

Dec. '17

$3,023.40 

$2,787.50 

$2,447.30 

12

Roark Capital Group*

Atlanta

Arby's, Carl's Jr., Corner Bakery Cafe, Hardee's, Jimmy John's Gourmet Sandwiches, McAlister's Deli, Moe's Southwest Grill, Schlotzsky's, Miller's Ale House, Auntie Anne's, Cinnabon, Il Fornaio, Carvel Ice Cream, Jim 'N Nick's Bar-B-Q, Seattle's Best Coffee 

Dec. '17

$3,020.80 

$2,940.10 

$3,056.50 

After the close of its Latest Year, in February 2018, affiliate Arby's Restaurant Group Inc. acquired publicly-traded Buffalo Wild Wings Inc. in a $2.9-billion going-private transaction and then renamed itself Inspire Brands Inc. Buffalo Wild Wings, before its acquisition by Roark/Inspire Brands, had estimated Latest-Year U.S. revenue of $2.03 billion from its 1,206-U.S.-unit namesake chain. During its Latest Year, in July 2017, Roark affiliates acquired then 37-unit Nick 'N Jim's Bar-B-Q chain. Terms were not disclosed.

13

Cracker Barrel Old Country Store Inc.

Lebanon, Tenn.

Cracker Barrel Old Country Store, Holler & Dash Biscuit House

July '17

$2,926.30 

$2,912.40 

$2,842.30 

14

Yum! Brands Inc.* 

Louisville, Ky.

Pizza Hut, Taco Bell, KFC, Wing Street, Pizza Hut Italian Bistro

Dec. '17

$2,758.00 

$3,111.00 

$3,110.00 

Latest-Year 11.4-percent decrease in U.S. foodservice revenue mostly reflects reduction in company-restaurant sales from refranchising initiative and closures, if any, in the Latest and Preceding Years that were not fully countered by increased franchise fees and sales royalties, as well as one less operating week in the Latest Year.

15

JAB Holding Co.*

Luxembourg, Germany

Panera LLC (Panera Bread, Au Bon Pain), Einstein Noah Restaurant Group (Einstein Bros. Bagels, Noah's New York Bagels, Manhattan Bagel Co.), Caribou Coffee Development Co. (Caribou Coffee, Bruegger's Bagels), Krispy Kreme Doughnuts, Peet's Operating Co. (Peet's Coffee & Tea, Intelligentsia Coffee, Stumptown Coffee Roasters)

Dec. '17

$2,689.20 

$1,217.60 

$951.40 

Latest-Year growth of 120.9-percent in estimated U.S. foodservice revenue primarily the result of acquisitions. During its Latest Year, in July 2017, acquired publicly-traded Panera Bread Co., operator and franchisor of about 2,050 bakery-cafe restaurants, in a going-private transaction valued at $7.5 billion. Panera contributed to JAB Latest-Year post-acquisition estimated revenue of $1.26 billion. In its Latest Year, in October 2017, affiliated company Caribou Coffee Development Co. acquired the approximately 270-unit Bruegger's Bagels chain from Groupe Le Duff S.A.-affiliate Le Duff America Inc. Terms were not disclosed. In December, 2017, affiliated company Panera LLC acquired for a cash payment of about $120 million and other considerations the 304-unit Au Bon Pain bakery-cafe chain held by LNK Partners LLC. After the close of its Latest Year, in May 2018, agreed to acquire Pret A Manger, operator of about 530 bakery-cafes worldwide, including 90 in the U.S., as of December. In July 2018, affiliate Krispy Kreme said it would acquire majority interest in late-night delivery specialist Insomnia Cookies. The terms of the Pret and Insomnia deals, expected to close in the near future, were not disclosed.

16

Fertitta Entertainment Inc.*

Houston

Morton's the Steakhouse/Grille, McCormick & Schmick's, Saltgrass Steak House, Rainforest Cafe, Bubba Gump Shrimp Co., Chart House, Claim Jumper, Mastro's, Landry's Seafood House, Oceanaire, T-Rex, Yak & Yeti, Joe's Crab Shack, Brick House Tavern  Tap, Mitchell's Fish Market, Mitchell's/Cameron's Steakhouse 

Dec. '17

$2,550.30 

$2,478.70 

$2,374.00 

During its Latest Year, In August 2017, acquired the Joe's Crab Shack and Brick House Tavern & Tap chains out of bankruptcy from J.H. Whitney affiliate Ignite Restaurant Group Inc. for $57 million. Preceding and Prior-Year revenue numbers revised upward by about $68.7 million from previous published figures to reflect inadvertently excluded results for 21 Mitchell's Fish Market and Mitchell's/Cameron's Steakhouse restaurants acquired in January 2015 from Ruth's Hospitality Group Inc.

17

Autogrill SpA

Milan

HMSHost Corp. (Starbucks Coffee, 1897 Market, Shake Shack, La Familia Dale Jr.'s Whisky River, PGA TOUR Grill, Makai Plantation, Wicker Park Seafood & Sushi, Tortas Frontera, Burgundy and Gold Club, Shula's, California Pizza Kitchen, Hugo's Cocina, ICE Dishes & Drinks, Tim Hortons, Beaudevin, The Local, PZA, La Tapenade, MKT, Firehouse Subs, Pork & Pickle)

Dec. '17

$2,273.40 

$2,227.50 

$2,109.50 

18

Texas Roadhouse Inc.

Louisville, Ky.

Texas Roadhouse, Bubba's 33, Jaggers

Dec. '17

$2,216.30 

$1,988.40 

$1,805.60 

19

The Cheesecake Factory Inc.

Calabasas Hills, Calif.

The Cheesecake Factory, Grand Lux Cafe, RockSugar Southeast Asian Kitchen

Dec. '17

$2,186.20 

$2,204.20 

$2,031.40 

20

Olympus Partners*

Stamford, Conn.

Centerplate Inc., NPC International (Pizza Hut, Wendy's)

Dec. '17

$2,150.00 

$1,996.60 

$2,130.30 

Near the close of its Latest Year, in December 2017, sold its Centerplate contract-foodservice company, with estimated Latest-Year U.S.-only foodservice revenue of $790 million, to Paris-based Sodexo for $675 million. After the close of its Latest Year, in January 2018, sold NPC Restaurant Holdings Inc., operator of franchised Pizza Hut and Wendy's restaurants with reported Latest-Year revenue of $1.36 billion, to a private joint-venture group that included Eldridge Industries. Terms were not disclosed. During its Latest Year, NPC acquired 62 franchised Wendy's Restaurants from Valenti Mid-Atlantic Management LLC in or around April 2017 for $52.6 million and 140 franchised Wendy's units from franchisor The Wendy's Co. for an undisclosed amount in June 2017.  

21

Walt Disney Co.

Burbank, Calif.

Disney theme parks and hotels 

Sept. '17

$2,090.20 

$2,072.90 

$2,036.40 

22

Buffalo Wild Wings Inc.* 

Minneapolis

Buffalo Wild Wings Grill & Bar, R Taco

Dec. '17

$2,034.80 

$1,955.70 

$1,781.00 

After the close of its Latest Year, in early February 2018, was acquired by Roark Capital Group affiliate Arby's Restaurant Group Inc., in a $2.9-billion going-private transaction.

23

Whataburger Inc. 

San Antonio

Whataburger

Dec. '17

$2,015.40 

$1,940.00 

$1,772.50 

24

Wawa Inc.

Wawa, Pa.

Wawa Food Stores

Dec. '17

$1,968.60 

$1,801.30 

$1,636.00 

25

Chick-fil-A Inc.

Atlanta

Chick-fil-A

Dec. '17

$1,884.10 

$1,676.00 

$1,449.10 

26

Centerbridge Partners L.P. 

New York

P.F. Chang's China Bistro Inc. (P.F. Chang's China Bistro, Pei Wei Asian Diner, True Food Kitchen), Craftworks Restaurants & Breweries Inc. (Old Chicago Pizza &Taproom, Rock Bottom Restaurant & Brewery, Gordon Biersch Brewery Restaurant, Big River, ChopHouse, Blue Water, A1A Ale Works, Seven Bridges, Ragtime Tavern, Sing Sing), Great Wolf Resorts Inc. (Lumber Jack's Cook Shanty, Loose Moose Bar & Grill, Camp Critter Bar & Grille, Starbucks Coffee, Dunkin' Donuts)

Dec. '17

$1,831.80 

$1,829.70 

$1,770.90 

27

Flynn Restaurant Group LLC 

San Francisco

Apple American Group LLC (Applebee's Neighborhood Grill & Bar); Bell American Group LLC (Taco Bell, KFC, Pizza Hut); Pan American Group LLC (Panera Bread Co.)

Dec. '17

$1,802.70 

$1,713.70 

$1,517.40 

28

Delaware North

Buffalo, N.Y.

Delaware North Sportservice, Patina Restaurant Group, Delaware North parks and resorts, travel hospitality services and gaming divisions

Dec. '17

$1,543.30 

$1,464.20 

$1,451.60 

29

Host Hotels & Resorts Inc.

Bethesda, Md.

Marriott, Ritz-Carlton, Hyatt, Swissotel, Four Seasons, Fairmont, Hilton, Sheraton, The Luxury Collection

Dec. '17

$1,524.20 

$1,548.60 

$1,503.70 

30

Sun Capital Partners Inc.* 

Boca Raton, Fla.

Boston Market, Friendly's Ice Cream, Johnny Rockets, Restaurants Unlimited, Smokey Bones, Bar Louie, Franchise Restaurant Concepts (HuHot Mongolian Grill, Cowboy Chicken Wood Fire Rotisserie)

Dec. '17

$1,482.30 

$1,698.00 

$1,729.90 

Latest-year 12.7-percent decrease in estimated U.S. revenue was related to the October 2016 bankruptcy and subsequent sale of Garden Fresh Restaurants Corp., operator of Sweet Tomatoes and Souplantation buffet restaurants. Sun's Latest-Year revenue includes an estimated $82.3 million in Garden Fresh revenue, down from $273.9 million in estimated Garden Fresh revenue in the Preceding Year.

31

MGM Resorts International

Las Vegas

MGM Grand, Circus Circus, The Mirage, Bellagio, Beau Rivage, Borgata, New York-New York, Mandalay Bay, Luxor, Excalibur, Monte Carlo, Gold Strike

Dec. '17

$1,421.80 

$1,305.70 

$1,234.40 

32

Argonne Capital Group LLC 

Atlanta

On the Border Mexican Grill, Krystal, ACG Texas, Sunshine Restaurant Partners, Peak Restaurant Group (IHOP), Neighborhood Restaurant Partners (Applebee's), Stevi B's Pizza 

Dec. '17

$1,349.30 

$1,327.70 

$1,347.20 

33

Elior Group*

Paris

Elior North America (ABL Management, Aladdin Food Management Services, A'viands, Cura Hospitality, Starr Catering Group, Valley Services, Preferred Meals, Abigail Kirsch, SideKim Foods, CBM Managed Services, Lancer Hospitality, Corporate Chefs, Design Cuisine), Areas USA

Sept. '17

$1,348.30 

$950.00 

$697.70 

Latest-Year U.S. revenue growth of 41.9 percent and Preceding-Year growth 36.2 percent largely reflect multiple acquisitions during the past three fiscal years. In the Latest Year, the company acquired Lancer Hospitality, Abigail Kirsch, Corporate Chefs, Design Cuisine and Sidekim Foods. Terms were not disclosed. In the Preceding Year, it acquired Preferred Meals, Cura Hospitality, Starr Catering Group and ABL Management Inc. Terms were not disclosed.

34

Red Robin Gourmet Burgers Inc.

Greenwood Village, Colo.

Red Robin Gourmet Burgers and Brews

Dec. '17

$1,323.00 

$1,242.50 

$1,197.80 

35

Jack in the Box Inc.* 

San Diego

Jack in the Box, Qdoba Mexican Eats

Sept. '17

$1,320.30 

$1,363.70 

$1,310.90 

After the close of its Latest Year, in March 2018, sold its 721-unit Qdoba Mexican Eats limited-service chain to an affiliate of Apollo Global Management LLC for $305 million. Latest-Year decrease in U.S. revenue primarily reflects one fewer operating week in the Latest Year, on a 52-week versus 53-week basis, and lower company-restaurant sales at the Jack in the Box division, which refranchised 178 units during the year.

36

Alimentation Couche-Tard Inc.* 

Laval, Quebec

Circle K, The Pantry (Kangaroo Express), Holiday, CST Brands (Corner Store, Nice N Easy Grocery Shoppes, Flash Foods Network)

April '18

$1,164.00 

$934.80 

$979.00 

Latest-Year estimated U.S. foodservice revenue increase of 24.5 percent primarily reflects recent acquisitions. During its Latest Year, in December 2017, acquired 374 company-operated and 148 franchised Holiday Stationstores in the United States. Terms were not disclosed. Also in its Latest Year, in June 2017, acquired for $4.4 billion CST Brands Inc., operator of about 1,070 company or joint-venture stores in the United States and franchisor of 46 franchised stores.

37

Dave & Buster's Entertainment Inc.* 

Dallas

Dave & Buster's

Jan. '18

$1,119.30 

$991.80 

$565.70 

Preceding-Year 75.3-percent U.S. revenue growth primarily reflects first full year of ownership following a Top 200 methodology defined change in control in the Prior Year in June 2015. At that time, affiliates of Oak Hill Capital Partners reduced their collective stake in publicly traded Dave & Buster's from a controlling 62.1 percent of outstanding shares to a minority 40.1 percent. Dave & Buster's Prior-Year revenue of $565.7 million represents post-change-in-control sales by the public company's U.S. operations.

38

Carrols Restaurant Group Inc.* 

Syracuse, N.Y.

Burger King

Dec. '17

$1,088.50 

$943.60 

$859.00 

Latest-Year 15.4-percent growth in revenue reflects cumulative impact on sales from the acquisition of 67 and 54 franchised Burger King restaurants in the Latest and Preceding Years, respectively, through 10 different transactions, as well as a 5.2-percent increase in Latest-Year same-store sales at its restaurants.

39

BJ's Restaurants Inc.

Huntington Beach, Calif.

BJ's Restaurant & Brewery, BJ's Pizza & Grill, BJ's Restaurant & Brewhouse 

Dec. '17

$1,031.80 

$993.10 

$919.60 

40

Casey's General Stores Inc.

Ankeny, Iowa

Casey's General Store

April '18

$1,005.60 

$953.40 

$880.70 

41

The Wendy's Co.* 

Dublin, Ohio

Wendy's

Dec. '17

$994.10 

$1,256.70 

$1,688.90 

Latest-Year and Preceding-Year decreases in estimated U.S. revenue of 20.9 percent and 25.6 percent, respectively, primarily reflect a reduction in U.S.-company-restaurant sales of approximately $760 million across the Latest and Preceding Years as a result of refranchising or closing a net 302 restaurants in the Preceding Year and 223 units the year before. Those lost company-store sales were not completely offset by the increase in franchise fees and royalties.

42

Fidelity National Financial Inc.* 

Jacksonville, Fla.

American Blue Ribbon Holdings LLC (O'Charley's, Ninety Nine Restaurants, Village Inn, Bakers Square)

Dec.'17

$981.00 

$1,158.00 

$1,412.00 

Latest-Year 15.3-percent decrease in U.S. foodservice revenue primarily reflects November 2017 spin-off of non-core businesses, including restaurant operations, to existing shareholders in the form of a freestanding publicly-traded company called Cannae Holdings Inc. For the full Latest Year, under ownership by entities controlled by Fidelity and the newly created Cannae, the Charley's, Ninety Nine Restaurants, Village Inn and Bakers Square chains generated full-year sales of about $1.1 billion, approximately $148 million of which was booked by Cannae after the change in control. The Preceding Year's 18-percent decrease in revenue was primarily linked to September 2015 spin-off to shareholders of the J. Alexander's polished casual-dining portfolio of restaurants and the January 2016 sale of assets of the 51-unit Max & Erma's casual-dining chain to Glacier Restaurant Group.

43

Waffle House Inc. 

Norcross, Ga.

Waffle House

May '18

$969.40 

$956.60 

$937.90 

44

Apollo Global Management LLC*

New York

CEC Entertainment (Chuck E. Cheese's, Peter Piper Pizza), ClubCorp (private clubs)

Dec. '17

$954.00 

$900.10 

$920.80 

After the close of its Latest Year, in March 2018, for $305 million, acquired from Jack in the Box Inc. Qdoba Mexican Eats, the 721-unit fast-casual chain that had Latest-Year U.S. system sales of about $818.2 million. During its Latest Year, in September 2017, acquired publicly traded private-club operator ClubCorp in a going-private transaction valued at $2.2 billion. Apollo's Latest-Year revenue includes an estimated $91.8 million in post-acquisition U.S. food and beverage revenue from ClubCorp., which, as a public and private company, had estimated full-year domestic foodservice revenue of $306.7 million.

45

Papa John's International Inc.

Louisville, Ky.

Papa John's Pizza

Dec. '17

$919.10 

$915.20 

$849.20 

46

Healthcare Services Group Inc.

Bensalem, Pa.

Nursing home, retirement complex, rehabilitation center and hospital contract food and dietary services

Dec. '17

$886.50 

$605.50 

$527.10 

47

In-N-Out Burger Inc.

Irvine, Calif.

In-N-Out Burger

Dec. '17

$877.60 

$844.20 

$809.00 

48

Doctor's Associates Inc.

Milford, Conn.

Subway

Dec. '17

$866.70 

$923.60 

$942.70 

49

Deutsche Lufthansa A.G.

Cologne, Germany

LSG Sky Chefs

Dec. '17

$854.00 

$824.30 

$696.40 

50

Domino's Pizza Inc.  

Ann Arbor, Mich.

Domino's

Dec. '17

$842.20 

$751.30 

$669.70 

51

Costco Wholesale Corp.

Issaquah, Wash.

Costco warehouse stores

Aug. '17

$834.00 

$795.00 

$738.00 

52

Pilot Flying J

Knoxville, Tenn.

Pilot Travel Centers, Flying J Travel Centers (Arby's, Auntie Anne's, Cinnabon, Dairy Queen, KFC, Moe's Southwest Grill, Pizza Hut, PJ Fresh Marketplace, Subway, Taco Bell, Wendy's, Dunkin Donuts, iHOP and Chester's Chicken)

Dec. '17

$817.80 

$737.30 

$715.00 

53

Biglari Holdings Inc.

San Antonio

Steak 'n Shake, Western Sizzlin

Dec. '17

$796.70 

$807.20 

$810.50 

54

Pappas Restaurants Inc.

Houston

Pappasito's, Pappadeaux, Pappas Seafood, Pappas Bros. Steakhouse, Pappas BBQ, Pappas Burger, Yia Yia Mary's, Pappas Delta Blues Smokehouse

Dec. '17

$785.70 

$730.70 

$725.10 

55

Sheetz Inc.

Altoona, Pa.

Sheetz convenience stores and "convenience restaurants"

Sept. '17

$774.00 

$711.10 

$658.40 

56

Raising Cane's Restaurants LLC

Baton Rouge, La. 

Raising Cane's Chicken Fingers

Dec. '17

$725.30 

$547.10 

$412.20 

57

AVI Foodsystems Inc.

Warren, Ohio

Carolina BBQ, Chick-fil-A Express, The Wall Street Pub & Grille, Modeco Coffee Roasters, Met Grill, Piazza, Dos Manos, Cafe 5, Wendy's, Quaker Steak & Lube, Starbucks Coffee, Tim Hortons, Market C, World Restaurant Collection

Dec. '17

$725.00 

$650.00 

$625.00 

58

Restaurant Brands International Inc.* 

Oakville, Ontario

Burger King, Tim Hortons, Popeyes Louisiana Kitchen

Dec. '17

$699.90 

$500.20 

$492.20 

Latest-Year 39.9-percent growth in estimated U.S. revenue primarily reflects the impact of the March 2017 acquisition of publicly-traded Popeyes Louisiana Kitchen Inc., then operator and franchisor of 2,688 quick-service restaurants. The purchase price was about $1.8 billion. Latest-year revenue figure includes $184.1 million in estimated post-acquisition U.S. revenue from Popeyes out of its estimated full-year U.S. revenue of $244.3 million.

59

KBP Foods LLC *

Overland Park, Kan.

KFC, Taco Bell

Dec. '17

$695.00 

$515.00 

$304.00 

Latest- and Preceding-Year revenue growth of 35 percent and 69.4 percent, respectively, largely reflects sales from acquisitions. In the Latest Year, KBP acquired 144 KFC restaurants through 14 different transactions, including the purchase of 41 KFC restaurants refranchised by Yum! Brands Inc. in the Houston and Austin, Texas, markets and 33 KFC restaurants from a franchisee in the Chicago market. Terms were not disclosed. In the Preceding Year, KBP acquired for an undisclosed amount 91 KFC and Taco Bell restaurants from Star Partner Enterprises Two LLC in May 2016, and benefitted from full-year sales from the 227 KFC and KFC/Taco Bell restaurants operated by the company when it was acquired from Boyne Capital LLC in March 2015.

60

Little Caesar Enterprises Inc.

Detroit

Little Caesars

Dec. '17

$693.00 

$678.00 

$699.00 

61

Sun Holdings LLC 

Dallas

Arby's, Burger King, Cicis, Golden Corral, Krispy Kreme Doughnuts, Popeyes Louisiana Kitchen

Dec. '17

$675.00 

$625.00 

$542.00 

62

Fiesta Restaurant Group Inc.* 

Addison, Texas

Pollo Tropical, Taco Cabana

Dec. '17

$667.60 

$710.00 

$685.40 

Latest-Year 6.0-percent decrease in U.S. revenue tied to the closure of 40 Pollo Tropical and 6 Taco Cabana restaurants, as well as same-store sales declines of 6.5 percent and 7.3 percent at Pollo Tropical and Taco Cabana, respectively, with at least some of those same-store-sales declines tied to hurricane-related store closures.

63

Covelli Enterprises Inc.

Warren, Ohio

Panera Bread, O'Charley's, Dairy Queen

Dec. '17

$652.40 

$650.60 

$613.40 

64

Target Corp.* 

Minneapolis

Pizza Hut Express, Starbucks Coffee, Target Cafe (Target stores) 

Jan. '18

$648.20 

$628.40 

$630.70 

Latest-, Preceding- and Prior-Year estimated results may exclude sales from freestanding Pizza Hut Express locations because the number of units or sales results under the Pizza Hut brand are unclear in company filings. Combination Target Cafe/Pizza Hut units' estimated sales are included in the results

65

Advent International Corp.*

Boston

Bojangles' Inc.*  (Bojangles' Famous Chicken 'n Biscuits), First Watch, The Egg & I, The Good Egg, Bread & Co.

Dec. '17

$642.20 

$531.90 

$488.20 

Latest-Year 20.7-percent increase in estimated U.S. revenue largely resulted from the August 2017 acquisition from Freeman Spogli & Co. of controlling interest in the First Watch and The Egg & I breakfast, brunch and lunch chains. Terms were not disclosed. Latest-Year revenue figure includes a reported $547.3 million from the operations of Bojangles' Chicken & Biscuits, as well as an estimated $94.9 million in post-acquisition revenue from First Watch and The Egg & I, which ended the year with about 323 combined locations.

66

NRD Capital Management LLC *

Atlanta

Ruby Tuesday, Frisch's Big Boy, Fuzzy's Taco Shop

May '18

$615.90 

$216.30 

$168.60 

Latest-Year 184.7-percent increase in estimated U.S. revenue mostly reflects the December 2017 acquisition of publicly-traded Ruby Tuesday Inc., parent of the then approximately 596-unit Ruby Tuesday casual-dining chain. The going-private transaction was valued at about $335 million. NRD's Latest-Year revenue figure includes an estimated $383.3 million in post-acquisition Ruby Tuesday U.S. revenue, out of total estimated Latest-Year Ruby Tuesday domestic revenue, under both owners, of $877.4 million. Preceding-Year revenue growth of 28.3 percent largely reflects NRD's first-full year of ownership of Frisch's Restaurants Inc., the once publicly traded operator and franchisor of Frisch's Big Boy family-dining restaurants that NRD acquired in August 2015. Also factors in Latest- and Preceding-Year revenue growth was the revenue associated with the then-90-unit Fuzzy's Taco Shop chain in which NRD acquired controlling interest in February 2016. NRD's 96 company and 25 franchised Frisch's Big Boy restaurants contributed $249.2 million in Latest-Year U.S. sales to the Big Boy chain - results for which appeared in the June 18 Top 200 Chains report - that also included $111.5 million in sales from 33 company and 50 franchised Big Boy units operated or franchised by Big Boy Restaurants International.

67

Lettuce Entertain You Enterprises Inc. 

Chicago

Ambria, Shaw's Crab House, Scoozi!, Everest, Foodlife, Papagus Greek Taverna, Krispy Kreme Doughnuts, Wow Bao, Saranello's, Paris Club, Studio Paris, M Burger, Beatrix, Foodease, Tokio Pub, RPM Italian, RPM Steak, Ramen-san, Summer House Santa Monica, The Oyster Bah, Stella Bara Pizzeria

Dec. '17

$604.00 

$580.00 

$542.00 

68

Caesars Entertainment Corp.* 

Las Vegas

Harrah's hotel-casinos/river boats, Rio All-Suites, Caesars Palace, Flamingo, Bally's, Paris L.V., Bill's Gamblin' Hall

Dec. '17

$591.00 

$511.00 

$559.00 

Latest-Year revenue includes a small, undiscernible percentage of food-and-beverage revenue derived from the operation of eight international casinos, only one of which has overnight accommodations. Those international results were consolidated into Caesars Entertainment Corp.'s reporting following a restructuring associated with the September 2017 emergence from bankruptcy of the company's CEOC subsidiary.

69

Dunkin' Brands Group Inc.

Canton, Mass.

Dunkin' Donuts, Baskin-Robbins

Dec.'17

$563.70 

$531.00 

$513.80 

70

Altamont Capital Partners LLC*

Palo Alto, Calif.

Tacala Cos. (Taco Bell), Cotton Patch Cafe

Dec. '17

$563.60 

$572.00 

$522.80 

In Latest Year, sold Boom Holdings Inc., a 64-unit Sonic Drive-in operator, to SD Holdings. Terms were not disclosed. Latest-Year revenue number includes NRN-estimated, Boom Holdings pre-divestiture sales of $25.4 million in addition to company reported Taco Bell and Cotton Patch Cafe sales.

71

HNA Group Co. Ltd.*

Haikou City, China

GateGroup (U.S. operations, including Gate Gourmet)

Dec. '17

$559.90 

$13.00 

$0.00 

Latest-Year increase of 4,206.9 percent in estimated U.S. revenue was largely a result of the Preceding-Year acquisition, in December 2016, of publicly-traded gate group, parent of airline caterer Gate Gourmet, in a going-private transaction valued at about $1.5 billion dollars. Preceding-Year revenue reflects estimated post-acquisition U.S. catering sales of $13 million of total Preceding-Year estimated U.S. catering sales under both owners of $528.8 million.

72

White Castle System Inc.

Columbus, Ohio

White Castle, Church's Chicken

Dec. '17

$547.20 

$564.20 

$547.80 

73

GPS Hospitality LLC*

Atlanta

Burger King, Popeyes Louisiana Kitchen

Dec. '17

$536.80 

$308.60 

$215.40 

Latest-, Preceding- and Prior-Year growth of 74 percent, 43.3 percent and 164.3 percent, respectively, primarily reflects increases in estimated revenue from eight reported acquisitions during GPS's past four fiscal years that added 368 franchised Burger King restaurants and 18 franchised Popeyes Louisiana Kitchen restaurants to its business portfolio. In keeping with a Federal Trade Commission ruling, GPS, in its Latest Year, sold to Carrols Restaurant Group 43 Burger King restaurants that had been acquired in December 2016 in a 194-unit deal with Strategic Restaurants Acquisition Corp.

74

Five Guys Holdings Inc.

Lorton, Va.

Five Guys Enterprises LLC (Five Guys Burgers and Fries)

Dec. '17 

$516.70 

$478.80 

$447.10 

75

Denny's Corp.

Spartanburg, S.C.

Denny's

Dec. '17

$489.20 

$464.10 

$446.60 

76

Sentinel Capital Partners* 

New York

Fazoli's, Newk's Eatery, TGI Fridays, Captain D's Seafood, Grandy's

Dec. '17 

$475.70 

$796.90 

$987.20 

During its Latest Year, in December 2017, acquired from Centre Partners Management LLC the Captain D's and Grandy's limited-service chains, with 531 and 49 Latest-Year U.S.-system units, respectively. Terms were not disclosed. Latest-Year 40.3-percent decrease in estimated U.S. revenue primarily reflects lower sales and franchising income resulting from three transactions: the February 2018 sale of the 350-unit Huddle House family-dining chain to Elysium Management; the April 2017 sale of Checkers and Rally's Hamburgers chains, with a combined 850 units, to Oak Hill Capital Partners for $525 million; and the Latest-Year refranchising of approximately 70 of 122 company-operated Fazoli's restaurants to an unnamed party. Terms of the Huddle House and Fazoli's transaction were not disclosed.

77

Doherty Enterprises Inc.*

Allendale, N.J.

Applebee's Neighborhood Grill & Bar, Chevys Fresh Mex, Panera Bread, The Shannon Rose Irish Pub

Dec. '17

$469.90 

$493.50 

$481.00 

Latest-Year 4.8-percent decrease in U.S. revenue largely tied to closures of seven franchised Applebee's, four Noodles & Company and two Panera Bread restaurants.

78

Del Taco Restaurants Inc.*

Lake Forest, Calif.

Del Taco

Dec. '17

$468.60 

$449.70 

$214.20 

Preceding-Year 109.9-percent growth in revenue reflects a change in control that resulted from the June 2015 reverse merger of Del Taco Holdings Inc. with publicly traded Levy Acquisition Corp., which was then renamed Del Taco Restaurants Inc. Del Taco Inc. Prior-Year revenue of $214.2 million represents reported post-merger amount. On a pro-forma basis showing results under all controlling entities, Del Taco had Prior-Year U.S. revenue of about $421.6 million.

79

The Briad Group 

Livingston, N.J.

Cups Frozen Yogurt That's Hot, TGI Fridays, Wendy's, Zinburger Wine & Burger Bar

Dec. '17

$468.00 

$441.30 

$396.50 

80

Sonic Corp.* 

Oklahoma City

Sonic Drive-In

Aug. '17

$466.60 

$596.10 

$597.40 

Latest-Year 21.7-percent decrease in revenue largely reflects a $129.7 million reduction in company-store sales tied to the refranchising of 110 company-operated restaurants and 4.7-percent lower same-store sales at company locations, the impact of which was not fully countered by higher franchise royalties and fees.  

81

Kelso & Co. L.P.*

New York

LRI Holdings Inc. (Logan's Roadhouse)

Dec. '17

$462.40 

$516.20 

$617.20 

Estimates for Preceding and Prior-Year U.S. foodservice revenue, as shown in the 2017 Top 200 report, restated to align with affiliate Logan's Roadhouse change from a July fiscal-year end to a December fiscal year-end. In its Preceding Year, in November 2016, Logan's Roadhouse emerged from Chapter 11 bankruptcy protection after four months and the closure of 34 company-operated restaurants.

82

Lee Equity Partners LLC* 

New York

K-MAC Holdings Corp. (Taco Bell, KFC and Golden Corral)

Dec. '17

$457.00 

$13.00 

$0.00 

In its Preceding Year, in December 2016, acquired K-MAC Holdings Corp., then a 271-unit Taco Bell, 17-unit KFC and six-unit Golden Corral franchisee, from Brentwood Associates. Terms were not disclosed. Preceding-Year revenue of $13 million represents estimated post-acquisition sales by K-MAC out of estimated full-year K-MAC sales, under both owners, of $441.6 million.

83

Noodles & Co.* 

Broomfield, Colo.

Noodles & Co.

Dec. '17

$456.30 

$485.90 

$454.90 

Latest-Year 6.1-percent decrease in U.S. revenue largely reflects first-quarter closure of 55 restaurants.

84

H.I.G. Capital LLC 

Miami

HOA Holdings LLC (Hooters)

Dec. '17

$453.90 

$432.80 

$430.10 

85

Energy Transfer Equity L.P.

Dallas

Sunoco L.P.* (Stripes convenience stores, with Country Cookin' and Laredo Taco Co. restaurants, Aplus, Mid-Atlantic Convenience Stores/Circle K, Aloha)

Dec. '17

$452.90 

$427.20 

$385.60 

86

Food Management Partners*

Hollywood Park, Texas

Don Pablo's, Furr's Fresh Buffet, HomeTown Buffet, Old Country/Country Buffet, Ryan's, Sushi Zushi, Tahoe Joe's Famous Steakhouse, Zio's Italian Kitchen

Dec. '17

$440.30 

$515.90 

$744.20 

During Latest-Year, on unspecified dates, divested of interest in Catalina Restaurant Group, parent of the Coco's and Carrows family-dining chains, and acquired an ownership stake in seven-unit, Texas-based Sushi Zushi group.

87

Boddie-Noell Enterprises Inc.

Rocky Mount, N.C.

Hardee's

Dec. '17

$429.20 

$439.80 

$445.70 

88

Potbelly Corp.

Chicago

Potbelly Sandwich Shop

Dec. '17

$427.30 

$406.50 

$372.20 

89

Seven & i Holdings Co. Ltd.*

Tokyo

7-Eleven, Stripes, APlus

Dec. '17

$425.00 

$477.10 

$522.00 

After the close of its Latest Year, in January 2018, affiliate 7-Eleven Inc. acquired from Sunoco LP for approximately $3.2 billion 1,030 U.S. convenience stores under multiple brands, including APlus and Stripes, which is known for its proprietary Laredo Taco in-store restaurant concept.

90

Deli Management Inc. 

Beaumont, Texas

Jason's Deli

Dec. '17

$421.00 

$414.20 

$411.80 

91

Berkshire Partners LLC 

Boston

Portillo's, Barnelli's Pasta Bowl

Dec. 17

$419.30 

$384.40 

$338.60 

92

Wynn Resorts Ltd.

Las Vegas

Wynn Las Vegas resort and casino (Andrea's, Costa Di Mare, Drugstore Cafe, Red 8, Sinatra, Tableau, Wing Lei), Encore at Wynn Las Vegas

Dec. '17

$411.70 

$397.20 

$403.50 

93

Angelo, Gordon & Co.

New York

Benihana Inc. (Benihana, Haru, RA Sushi, Samurai)

March '18

$409.80 

$389.30 

$385.70 

94

Hillstone Restaurant Group Inc.

Beverly Hills, Calif.

Hillstone, Houston's, Bandera, R+D Kitchen, Gulfstream, Cherry Creek Grill, Kelly's Filling Station and Wine Shop, Los Altos Grill, Honor Bar, Palm Beach Grill, Rutherford Grill, Woodmont Grill, White House Tavern, South Beverly Grill, East Hampton Grill, The Grilll at Bal Harbour

Dec. '17

$408.90 

$416.20 

$413.60 

95

Ruth's Hospitality Group Inc.

Winter Park, Fla.

Ruth's Chris Steak House

Dec. '17

$408.60 

$380.40 

$372.40 

96

Bravo Brio Restaurant Group Inc.* 

Columbus, Ohio

Bravo! Cucina Italiana, Brio Tuscan Grille, Bon Vie Bistro

Dec. '17

$407.40 

$410.10 

$424.00 

After the close of its Latest Year, in May 2018, was acquired in a shareholder-approved going-private transaction through a merger with Spice Private Equity Ltd., an affiliate of investment firm GP Investments Ltd. of Brazil. The deal was valued by the two parties at about $100 million.

97

Groupe Le Duff S.A.*

Rennes, France

Brioche Dore, La Madeleine Country French Cafe, Mimi's Cafe

Dec. '17

$405.20 

$521.90 

$532.50 

During its Latest Year, in October 2017, sold its approximately 270-unit Bruegger's Bagels chain to JAB Holding Co. Terms were not disclosed. In its Latest Year, refranchised 31 and sold or closed three other company-operated La Madeleine Country French Caf_ restaurants, leaving it with 33, and closed or sold an estimated 10 company-operated Mimi's Cafe restaurants.  

98

El Pollo Loco Holdings Inc.*

Costa Mesa, Calif.

El Pollo Loco

Dec. '17

$396.80 

$374.50 

$214.40 

Preceding-Year revenue growth of 74.6 percent reflects the change of control in the company in May of 2015, when prior majority shareholder Trimaran Pollo Partners, itself controlled by Trimaran Capital Partners, reduced its 59.9-percent stake in El Pollo Loco Holdings to 43.9 percent. As per Top 200 methodology, El Pollo Loco revenue, which previously was reported under Trimaran Capital Partners, then began to be listed under El Pollo Loco Holdings.

99

Mason Harrison Ratliff Enterprises LLC 

Oklahoma City

Sonic Drive-In

Dec. '17 

$395.50 

$400.70 

$417.20 

100

BF Cos. 

Louisville, Ky.

Wendy's 

Dec. '17

$395.00 

$402.00 

$396.00 

101

Eat'n Park Hospitality Group Inc.*

Homestead, Pa.

Eat'n Park, Parkhurst Dining Services

Dec. '17

$376.00 

$363.00 

$414.60 

Preceding-Year revenue decrease of 12.5 percent primarily reflects October 2015 sale of Cura Hospitality, a contract foodservice division with Prior-Year revenue of about $100 million, to Elior North America.

102

ACON Investments LLC*

Washington

RMH Franchise Holdings (Applebee's Neighborhood Grill & Bar)

Dec. '17

$375.30 

$393.90 

$371.40 

After the close of its Latest Year, in May 2018, affiliate RMH Franchise Holdings Inc., operator of 159 franchised Applebee's Neighborhood Grill & Bar casual-dining restaurants, filed for Chapter 11 bankruptcy protection from creditors. RMH, which ended its Preceding Year with 174 Applebee's locations, began and grew through four acquisitions between December 2012 and Aug. 2015 that netted it 171 restaurants and left it with significant debt.

103

Luby's Inc.

Houston

Luby's Cafeterias, Fuddruckers, Koo Koo Roo, Luby's Culinary Services

Aug. '17

$374.50 

$401.20 

$392.50 

104

Onex Corp.*

Toronto

Jack's Family Restaurants

Dec. 17

$374.10 

$365.00 

$168.00 

During its Prior Year, in July 2015, acquired controlling interest in Jack's Family Restaurants LP of Sumiton, Ala., parent of the then approximately 125-unit Jack's quick-service chain. Onex said its investment and the investment of funds it controls was about $415 million. Latest-Year revenue was estimated; Preceding-Year revenue was reported. Prior-Year revenue represents reported post-acquisition revenue for that fiscal year, ended in December 2015.

105

United States Beef Corp.

Tulsa, Okla.

Arby's, Taco Bueno

Dec. '17

$374.00 

$364.20 

$351.10 

106

Chuy's Holdings Inc.

Austin, Texas

Chuy's 

Dec. '17

$369.60 

$330.60 

$287.10 

107

Zaxby's Operating Co. LP 

Athens, Ga.

Zaxby's

Dec. '17

$362.10 

$349.70 

$323.60 

108

Del Frisco's Restaurant Group Inc.*

Irving, Texas

Del Frisco's Double Eagle Steak House, Del Frisco's Grille, Sullivan's Steakhouse, Barcelona Wine Bar, Bartaco 

Dec. '17

$361.40 

$351.70 

$331.60 

After the close of its Latest Year, in June 2018, acquired for $325 million the Barteca Restaurant Group, operator of 15 Barcelona Wine Bar and 16 Bartaco full-service restaurants. Barteca, as a freestanding company, had reported Latest-Year U.S. foodservice revenue of $128.2 million.

109

Harman Management Corp.

Los Altos, Calif.

KFC, A&W, Taco Bell

June '18

$358.00 

$355.00 

$345.00 

110

Shake Shack Inc.

New York

Shake Shack

Dec. '17

$347.80 

$260.50 

$183.80 

111

Quality Dining Inc.

Mishawaka, Ind.

Burger King, Chili's Grill & Bar, Papa Vino's Italian Kitchen, Spageddies Italian Kitchen 

Oct. '17

$331.80 

$328.90 

$324.80 

112

The Habit Restaurants Inc.* 

Irvine, Calif.

The Habit Burger Grill

Dec. '17

$331.40 

$283.60 

$166.70 

Preceding-Year 70.1-percent growth in revenue largely reflects the comparison of a full-year of revenue to The Habit Restaurants Inc. compared with a partial-year share of revenue in the Prior Year, when previous majority stockholder KarpReilly LLC sold 4.2-million shares and gave up controlling interest in the company. NRN Top 200 methodology called for The Habit Restaurants to be credited with $166.7 million in post-change-in-control Prior-Year revenue, while KarpReilly was credited with $63.9 million in pre-change revenue. Preceding-Year revenue was up 23 percent when compared with pro-forma Prior-Year revenue under both owners of $230.6 million.

113

Wayzata Investment Partners LLC

Wayzata, Minn. 

Perkins Restaurant & Bakery, Marie Callender's Restaurant & Bakery

Dec. '17

$326.90 

$344.50 

$349.50 

114

ERJ Dining LLC 

Louisville, Ky.

Chili's Grill & Bar

Dec. '17

$315.00 

$315.00 

$319.00 

115

Walmart Inc.* 

Bentonville, Ark.

Sam's Cafe (Walmart stores)

Jan. '18

$314.90 

$306.50 

$300.10 

During its Latest Year, changed its name from Wal-Mart Stores Inc. to Walmart Inc. and closed a net 59 Sam's Club warehouse stores to end the year with 590 such stores in the United States.

116

Zoe's Kitchen Inc.

Plano, Texas

Zoes Kitchen

Dec. '17

$314.10 

$276.00 

$226.60 

117

Meritage Hospitality Group Inc.* 

Grand Rapids, Mich.

Wendy's, Freighters Eatery & Taproom, Twisted Rooster, Wheelhouse Kitchen & Cocktails, Stan Diego

Dec. '17

$312.60 

$235.80 

$210.00 

Latest-Year 32.6-percent revenue growth primarily reflects a 40.9-percent increase in year-end number of restaurants fueled by the acquisition of 71 franchised Wendy's locations in multiple transactions, including the May 2017 purchase from Valenti Management of 57 Wendy's restaurants in Arkansas, Missouri, Mississippi and Tennessee. Terms were not disclosed. Meritage ended its Latest Year with 249 Wendy's restaurants and six casual-dining establishments under a variety of names.

118

Six Flags Entertainment Corp.

Grand Prairie, Texas

Enchanted Village, Frontier City & Whitewater Bay, Six Flags theme parks, Waterworld USA, Wild Waves 

Dec. '17

$312.00 

$309.50 

$293.20 

119

Dine Brands Global Inc.* 

Glendale, Calif.

IHOP, International House of Pancakes, Applebee's Neighborhood Grill & Bar

Dec. '17

$310.10 

$330.20 

$373.70 

After the close of its Latest Year, in February 2018, changed its name from Dine Equity Inc. to Dine Brands Global Inc.

120

Unidine Corp.*

Boston

Unidine contract dining operations in senior living, health care and corporate facilities 

Dec. '17

$304.40 

$264.00 

$250.00 

After the close of its Latest Year, in December, 2017, was acquired for approximately $280 million by Compass Group PLC.

121

Centre Partners Management LLC* 

New York

Captain D's Seafood, Grandy's

Dec. '17

$298.70 

$291.20 

$284.60 

Near the end of its Latest Year, in mid-December 2017, sold its Captain D's Seafood Kitchen and Grandy's chicken chains to Sentinel Capital Partners. Terms were not disclosed. Centre Partners' Latest-Year U.S. revenue of $300.9 million represents estimated pre-spin off share of estimated total Latest-Year revenue from Captain D's and Grandy's of $312.9 million.

122

Investors Management Corp.*

Raleigh, N.C.

Golden Corral

Dec. '17

$277.60 

$327.10 

$467.30 

Latest-Year 15.1-percent decrease in revenue reflects impact of refranchising of 22 company-operated restaurants in that year, as well as several in the Preceding Year.

123

KarpReilly LLC*

Greenwich, Conn.

Cafe Zupas, Burger Lounge, Sprinkles Cupcakes, Patxi's Pizza, California Fish Grill, Taylor Gourmet

Dec. '17

$274.00 

$440.00 

$439.40 

Latest-Year 37.7-percent decrease in U.S. revenue primarily reflects lower sales from the 100-plus-unit Cafe Rio fast-casual Mexican chain sold in September 2017 to Freeman Spogli & Co. Terms were not disclosed.

124

LNK Partners LLC*

White Plains, N.Y.

ABP Corp. (Au Bon Pain)

Aug. '17

$265.60 

$270.20 

$273.00 

After the close of affiliate Au Bon Pain's Latest-Year, in December, 2017, sold Au Bon Pain, a 304-unit bakery-cafe chain, to the Panera LLC affiliate of JAB Holding Co. for a cash payment of about $120 million and other considerations.

125

Thomas H. Lee Partners*

New York

Fogo de Chao Inc.* (Fogo de Chao Brazilian Steakhouse)

Dec. '17

$264.20 

$237.40 

$219.10 

After close of its Latest Year, in April 2018, publicly-traded casual-dining-chain operator Fogo de Chao, in which funds or affiliates managed by Thomas H. Lee Partners held 17.1 million shares or 60.4-percent of common stock, was acquired by Rhone Capital in a going-private transaction valued at $15.75 per share, or $560 million.

126

W.H. Braum Inc.

Oklahoma City

Braum's Ice Cream and Dairy Stores

Dec. '17

$264.00 

$260.00 

$252.20 

127

Seminole Tribe of Florida

Hollywood, Fla.

Hard Rock Cafe, Seminole casinos, Seminole Hard Rock Hotels & Casinos

Dec. '17

$261.20 

$258.60 

$249.90 

128

Planet Hollywood International Inc.

Orlando, Fla.

Buca di Beppo, Planet Hollywood, Hollywood Cafe

Dec. '17

$257.50 

$274.80 

$312.80 

129

Freeman Spogli & Co.*

Los Angeles

Cafe Rio Mexican Grill

Dec. '17

$257.10 

$238.80 

$193.90 

During its Latest Year, in August 2017, sold to Advent International Corp. controlling interest in First Watch and The Egg & I breakfast, brunch and lunch chains, which, combined, had about 323 Latest-Year year-end units. Terms were not disclosed. Also in its Latest Year, in September 2017, acquired from KarpReilly LLC control of the fast-casual Cafe Rio Mexican Grill chain, which had Latest-Year sales of $217.8 million from a year-end 113 locations. Latest-Year revenue figure includes estimated pre-divestiture revenue of $186.7 million from First Watch and Egg & I operations and $70.4 million in post-acquisition sales from Cafe Rio.

130

Barnes & Noble Inc.

New York

Barnes & Noble Cafe, Barnes & Noble Kitchen

April '18

$250.20 

$266.30 

$286.40 

131

SeaWorld Entertainment Inc.

Orlando, Fla.

SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, Water Country USA, Adventure Island

Dec. '17

$249.10 

$263.20 

$262.00 

132

Mill Road Capital L.P. 

Greenwich, Conn.

Rubio's Restaurants Inc. (Rubio's Fresh Mexican Grill/Rubio's Coastal Grill)

Dec. '17

$246.90 

$227.70 

$219.00 

133

ISS A/S*

Soborg, Denmark

Guckenheimer contracting

Dec. '17

$245.90 

$0.00 

$0.00 

During its Latest Year, in April 2017, acquired for about $225 million Redwood City, Calif.-based contract feeder Guckenheimer Enterprises Inc., at the time, itself a Top 200 company. ISS Latest-Year U.S. revenue reflects reported post-acquisition revenue from Guckenheimer for May through December 2017. On a pro-forma basis, showing revenue under both ISS and previous owner, Guckenheimer generated full-year 2017 revenue of $362.3 million, ISS said. The revenue figure shown excludes other ISS U.S. foodservice operations, if any, information for which was not available at press time.

134

Interfoods of America Inc. 

Miami

Burger King, Popeyes Louisiana Kitchen, Taco Bell

Sept. '17

$244.30 

$242.20 

$240.20 

135

Legal Sea Foods Inc.

Boston

Legal Sea Foods, Legal's Test Kitchen. Legal Fish Bowl

Dec. '17

$242.40 

$240.30 

$241.50 

136

Cooper's Hawk Intermediate Holding LLC

Countryside, Ill. 

Cooper's Hawk Winery & Restaurants

Dec. '17

$241.80 

$185.40 

$147.90 

137

Fugate Enterprises

Wichita, Kan.

Pizza Hut, Taco Bell

Dec. '17

$239.00 

$240.70 

$232.70 

138

Friedman Fleischer & Lowe* 

San Francisco

Church's Chicken

Dec. '17

$235.70 

$240.40 

$252.80 

Holding Church's Chicken, near the end of its Latest Year, in December 2017, sold 70 company restaurants in Texas to Ampler Restaurant Group and six to KSH Chicken Restaurants LLC in Atlanta. Terms were not disclosed. Those divested restaurants represented about 32 percent of Church's reported total number of company U.S. restaurants at the end of the Preceding Year.

139

J.H. Whitney & Co.* 

New Canaan, Conn.

Ignite Restaurant Group Inc. (Joe's Crab Shack, Brick House Tavern + Tap)

Dec. '17

$235.00 

$450.00 

$579.70 

During its Latest Year, in June 2017, majority-owned, publicly-traded affiliate Ignite Restaurant Group Inc., parent of Joe's Crab Shack and Brick House Tavern & Tap, filed for Chapter 11 bankruptcy protection from creditors. Joe's and Brick House assets were later sold at auction to Fertitta Entertainment Inc. for $57 million. Latest-Year revenue figure and decrease of 47.8 percent from the Preceding Year reflects estimated revenue generated by Ignite prior to Joe's Crab Shack and Brick House August 2017 sale to Fertitta Entertainment.

140

J. Alexander's Holdings Inc.

Nashville, Tenn.

J. Alexander's, Redlands Grill and Stoney River Steakhouse and Grill, Lyndhurst Grill

Dec. '17

$233.30 

$219.60 

$58.70 

141

Edjar International Inc.

Markham, Ontario

Kato's Cajun, Ming Tree, Sakkio Japan, Sarku Japan, Sarku Japan Sushi Bar, Sarku Japan Teriyaki & Sushi Express

Dec. '17 

$224.40 

$211.20 

$206.00 

142

Bridgepoint*

London

Pret A Manger, Veggie Pret

Dec. '17

$224.10 

$201.00 

$176.30 

After the close of its Latest Year, in May 2018, agreed to sell Pret A Manger, a London-based bakery-cafe chain, with about 530 locations worldwide, including 90 in the U.S. as of the end of December. The terms of the deal, expected to close during Summer 2018, were not disclosed.

143

Oak Hill Capital Partners* 

New York

Checkers, Rally's Hamburgers

Dec. '17

$222.70 

$0.00 

$0.00 

In its Latest Year, in April 2017, acquired from Sentinel Capital Partners the Checkers and Rally's Hamburgers quick-service chains, with a combined 850 units, for $525 million. Oak Hill Capital Partner's Latest-Year revenue of $222.7 million reflects Checkers and Rally's reported post-acquisition sales from company-owned restaurants, franchisee sales royalties and initial fees. On a pro-forma basis, under both owners, Checkers and Rally's Hamburgers had full year Latest-Year Top 200 U.S. revenue of $323.5 million compared with Preceding-Year estimated revenue of $350.8 million. 

144

RM Opco LLC*

Cypress, Calif.

Real Mex Restaurants (Acapulco, Chevys Fresh Mex, El Torito, El Torito Grill, Las Brisas, Sinigual)

Dec. '17

$220.90 

$279.90 

$296.00 

After the Close or its Latest Year, in August 2018, affiliate Real Mex Restaurants filed for Chapter 11 bankruptcy protection form creditors for the second time in six years. Real Mex officials said they expected the bankrutpcy to allow current co-owner Z Capital Group to acquire full ownership of the shrinking casual-dining restaurant company through an asset sale. Latest-Year 21.1-percent decrease in estimated U.S. revenue reflects Real Mex Restaurants' assumed closures of 25 company restaurants, or about 24 percent of its corporate-store base, across its Latest and Preceding completed fiscal years. 

145

MOD Super-Fast Pizza Holdings LLC

Bellevue, Wash.

MOD Pizza

Dec. '17

$219.50 

$130.00 

$60.90 

146

Sterling Investment Partners L.P. 

Westport, Conn.

American West Restaurant Group (Pizza Hut)

Dec. '17

$217.00 

$222.50 

$199.00 

147

Consumer Capital Partners*

Denver

Smashburger, Tom's Urban, Live Basil Pizza

Dec. '17

$216.40 

$227.90 

$203.60 

After the close of its Latest Year, in February 2018, affiliate Smashburger Master LLC sold controlling interest in the Smashburger fast-casual chain to minority shareholder Jollibee Foods Corp. of Singapore. Jollibee paid $100 million for a 40-percent share of Smashburger in 2015 and $100 million for the 45-percent share it acquired in February. The Smashburger U.S. system had reported Latest-Year sales of $322.4 million from 335 locations, generating estimated U.S. foodservice revenue from company-restaurant sales and U.S. franchise initial fees and sales royalties of $195.4 million.

148

Schostak Brothers & Co. Inc. 

Livonia, Mich.

Team Schostak Family Restaurants (Applebee's Neighborhood Grill & Bar, Del Taco, MOD Pizza), Olga's Kitchen

Dec. '17

$206.70 

$208.80 

$226.70 

149

Bunker Hill Capital L.P.* 

Boston

D'Angelo Sandwich Shop/D'Angelo Grilled Sandwiches, Papa Gino's

Dec. '17

$205.80 

$228.70 

$286.50 

Latest-Year decrease in estimated U.S. foodservice revenue of 10 percent primarily reflects divestiture of Smith & Wollensky steakhouse chain earlier in the Preceding Year, when it contributed estimated pre-divestiture sales of $16.5 million. Preceding-Year 20.2-percent decrease in estimated revenue largely reflects the March 2016 sale of the Smith & Wollensky U.S. steakhouse operations to Danu Investment Partners Ltd. of Ireland.

150

Century Management LLC

Memphis, Tenn.

McDonald's

Dec. '17

$202.90 

$198.90 

$189.90 

151

Redrock Partners LLC*

Phoenix

Romano's Macaroni Grill

Dec. '17

$201.80 

$251.60 

$202.10 

During the Latest Year, in October 2017, the Redrock Partners-controlled parent of the Romano's Macaroni Grill casual-dining chain filed for Chapter 11 bankruptcy protection, emerging from bankruptcy in February 2018. Also in the Latest Year, Macaroni Grill closed 37 company-operated restaurants, or about 30 percent of all company stores. Preceding-Year revenue growth of 24.5 percent reflects comparison of 12 months of revenue from Macaroni Grill that year with just eight months of post-acquisition revenue from Macaroni Grill in the Prior Year, when, in April 2015, an affiliate of Redrock Partners purchased the then-154-unit chain from J.H. Whitney & Co. affiliate Ignite Restaurant Group Inc.

152

Front Burner Restaurants L.P.

Dallas

Twin Peaks, Whiskey Cake Kitchen & Bar, Velvet Taco, Mexican Sugar Cocina y Cantina, The Ranch at Las Colinas, Ida Claire, Sixty Vines, The Keeper

Dec. '17

$200.60 

$167.20 

$169.30 

153

Merritt Group

Las Cruces, N.M.

B&B Consultants Inc. (Sonic Drive-In) 

Dec. '17

$196.90 

$204.10 

$199.70 

154

Red Rock Resorts Inc.* 

Las Vegas

Station Casinos (Boulder Station, Fiesta Henderson, Fiesta Rancho Casino Hotel, Palace Station Hotel & Casino, Texas Station, Wildfire Boulder, Wildfire Rancho)

Dec. '17

$195.30 

$174.70 

$161.60 

Latest-Year revenue growth of 11.8 percent largely reflects full-year incremental food-and beverage-sales from the Palms Casino Resort in Las Vegas acquired in the Preceding Year, in October 2016, for $316.4 million.   

155

RPM Pizza Inc. 

Gulfport, Miss.

Domino's Pizza

Dec. '17

$193.40 

$188.10 

$174.90 

156

Tarrant Capital IP LLC* 

San Francisco

TPG Growth (Taco Bueno)

Dec. '17

$193.10 

$189.90 

$18.30 

Preceding-Year 937.7-percent growth in estimated U.S. foodservice revenue reflects first full-year of ownership of the Taco Bueno chain, which affiliate TPG Growth acquired from Palladium Equity Partners LLC in December 2015. Terms were not disclosed. Preceding-Year Taco Bueno estimated revenue to Tarrant Capital of $189.9 million compared with Prior-Year revenue, under both owners, of $194.4 million.

157

Royal Capital Corp.

Atlanta

Church's Chicken, Shoney's 

Dec. '17

$186.50 

$186.00 

$186.10 

158

Jacobson Partners* 

New York

Bertucci's Italian Restaurant

Dec. '17

$178.00 

$185.60 

$191.70 

After the close of its Latest Year, on April 16, 2018, holding Bertucci's Inc., parent of 80-plus-unit Bertucci's casual-dining chain, filed for Chapter 11 bankruptcy protection from creditors. 

159

Kona Grill Inc.

Scottsdale, Ariz.

Kona Grill

Dec. '17

$176.30 

$166.60 

$141.50 

160

Caspers Co.

Tampa, Fla.

McDonald's 

Dec. '17

$173.40 

$169.90 

$170.90 

161

PQ Licensing S.A.

Brussels

Le Pain Quotidien

Dec. '17

$173.00 

$174.70 

$162.70 

162

The Rose Group

Newtown, Pa. 

Applebee's Neighborhood Grill & Bar, The Shannon Rose Irish Pub

Dec. '17

$172.80 

$181.90 

$183.60 

163

CapitalSpring*

New York

Shari's Management Corp. (Shari's Cafe  Pies)

Dec. '17

$170.90 

$53.00 

$0.00 

Latest-Year 222.5-percent revenue growth primarily reflects first full year of ownership of 94-unit Shari's Cafe & Pies chain acquired in the Preceding Year in September 2016. Terms were not disclosed. Considering results under both owners, Shari's had total Preceding-Year sales of $170.0 million. Results of other CapitalSpring controlled foodservice entities, if any, were excluded in its Top 200 revenue entries for lack of information.  

164

Carlisle Corp.*

Memphis, Tenn. 

Wendy's, LYFE Kitchen

Dec. '17

$168.30 

$148.40 

$129.20 

In keeping with current company reporting practices, Preceding- and Prior-Year revenue numbers restated to exclude LYFE Kitchen chain contributions of $14.0 million and $12.9 million, respectively, so that all years now shown reflect just the results of franchised Wendy's operations. 

165

Brentwood Associates* 

Los Angeles

Lazy Dog Restaurant & Bar, Pacific Catch, Upward Projects (Postino WineCafe, Joyride Taco House, Windsor, Churn and Federal Pizza)

Dec. '17

$167.50 

$564.40 

$520.40 

Latest-Year 70.3-percent decline in U.S. revenue reflects Preceding-Year sale in December 2016 to Lee Equity Partners' Opportunities Fund L.P. of controlling interest in K-MAC Holdings Corp., a 294-unit Taco Bell, KFC and Golden Corral franchisee group. In its Latest Year, in November 2017, acquired controlling interest in Upward Projects, the then 12-unit hospitality group behind Posting WineCafe, Joyride Taco House, Windsor, Churn and Federal Pizza. Terms were not disclosed.

166

American Franchise Capital*  

Kansas City, Mo.

Applebee's Neighborhood Bar & Grill, Taco Bell

Dec. '17

$167.00 

$151.80 

$128.80 

During Latest Year, in August 2017, acquired 37 Taco Bell restaurants in Ohio from franchisor parent Yum! Brands Inc., ending the period with 68 Taco Bell and 50 Applebee's Neighborhood Grill & Bar restaurants. Terms were not disclosed.

167

The Jan Cos. 

Cranston, R.I.

Burger King, Country Inn Restaurant & Lounge, Krispy Kreme Doughnuts, Newport Creamery, country club foodservice

Dec. '17

$166.80 

$168.00 

$167.50 

168

Diversified Restaurant Holdings Inc.* 

Southfield, Mich.

Buffalo Wild Wings Grill & Bar

Dec. '17

$165.50 

$187.30 

$172.50 

Latest-Year 11.6-percent decrease in U.S. revenue largely reflects the December 2016 spin-off to shareholders as a freestanding publicly-traded company of the Bagger Dave's casual-dining division, which contributed Preceding-Year, pre-spin-off sales of $20.7 million.

169

Wood Fired Holding Group

Charlotte, N.C.

Firebirds Wood Fired Grill

Dec. '17

$161.30 

$143.90 

$135.60 

170

Versa Capital Management Inc.

Philadelphia

Black Angus Steakhouse, Cattle Company Steakhouse

Dec. '17

$160.00 

$159.60 

$155.00 

171

RLJ Lodging Trust* 

Bethesda, Md.

Hotels managed by Aimbridge Hospitality, FRHI Hotels & Resorts, Highgate Hotels, Hilton, Hyatt, InterContinental Hotels, Marriott and Wyndham

Dec. '17

$157.70 

$111.70 

$114.80 

Latest-Year revenue growth of 41.2 percent reflects higher food-and-beverage sales following the August 2017 stock-for-stock acquisition via merger of peer real estate investment trust FelCor Lodging Trust Inc., an NRN Top 200 company. In their Preceding Years, FelCor had U.S. food and beverage revenue of $155.2 million, while RLJ booked $111.7 million in such revenue.

172

Carolina Restaurant Group Inc. 

Charlotte, N.C.

Wendy's

Dec. '17

$157.10 

$149.40 

$116.50 

173

Guest Services Inc. 

Fairfax, Va.

Contract foodservice (government, senior living, schools and universities, leisure and recreation facilities), Borders, Fjuz Burger, Greenworks, Treviso, Qi Bao, Nature's Table, Wrap and Roll, Cracking the Coconut, Grinders, Metro Grill, Olives, Philly Flats, Pigs & Pickles, Ray's Fish & Seafood, Mongolian Grill, Steak on Stix, Tejas, Thrive, The Wedge, Triple Craft 

Dec. '17

$156.20 

$154.90 

$128.50 

174

Ark Restaurants Corp.

New York

America, Bryant Park Grill, Durgin Park, Gallagher's Steakhouse/Burger Bar, Sequoia, Thunder Grill, Village Eateries, Shuckers, The Original Oyster House

Sept. '17

$151.20 

$148.50 

$144.60 

175

Garnett Station Partners*

New York

Cambridge Franchise Holdings (Burger King, Popeyes)

Dec. '17

$149.30 

$114.80 

$54.30 

Latest- and Preceding-Year growth in foodservice revenue of 30.1 percent and 111.4 percent, respectively, stemmed in part from mid-single-digit growth in same-store sales in both years, but largely reflects multiple, multi-unit acquisitions that helped Cambridge triple its number of Burger King restaurants from 42 at the end of 2015 to 128 at the end of 2017. Those acquisitions included the January 2016 purchase of 42 Burger King restaurants in Arkansas, Mississippi and Tennessee from Mirabile Investment Corp.

176

Cannae Holdings Inc.* 

Las Vegas

American Blue Ribbon Holdings LLC (O'Charley's, Ninety Nine Restaurants, Village Inn, Bakers Square)

Dec. '17

$148.00 

$0.00 

$0.00 

Created as a publicly traded company in November 2017 when Fidelity National Financial Inc. spun off to shareholders non-core businesses, such as restaurant operations including the casual-dining brands O'Charley's and Ninety Nine Restaurants, as well as family-dining concepts Village Inn and Baker's Square. Latest-Year revenue of $148 million reflects post-change-in-control revenue to Cannae out of full-year revenue, under both owners, of about $1.13 billion.

177

Sbarro Holdings Inc. 

Columbus, Ohio

Sbarro LLC (Carmela's; Cucinova Urban Italian; Las Vegas Convention Center Concessions; Pizza Cucinova; Sbarro, the Italian Eatery)

Dec. '17

$145.80 

$169.90 

$167.30 

178

Holm Restaurants LLC

Orlando, Fla.

Daytona Pig Stand; Golden Corral

Dec. '17

$145.20 

$145.90 

$153.00 

179

Villa Restaurant Group Inc. 

Morristown, N.J. 

Bananas, The Black Horse Pub, George & Martha's, Green Leaf's, Office Beer Bar & Grill, Office Tavern Grill, South Philly Steak & Fries, Steelworks Buffet & Grill, Villa Italian Kitchen

Dec. '17

$143.10 

$157.40 

$160.00 

180

CIC Partners L.P.*

Dallas

Granite City Food & Brewery Ltd.* (Cadillac Ranch, Granite City Food & Brewery)

Dec. '17

$141.20 

$150.30 

$150.60 

Revenue shown excludes results for other controlled concepts T.Mac and Willie's Grill & Icehouse, results for which were not available.

180

JGD Management Corp. (York Capital Management)* 

New York

Houlihan's Restaurants Inc. (Bristol, Chequers, Devon, Houlihan's, J. Gilbert's Wood-Fired Steaks)

Dec. '17

$141.20 

$111.80 

$0.00 

Doing business as York Capital Management, Latest-Year 26.3-percent growth in U.S. foodservice revenue primarily reflects the company's first full year of ownership of Houlihan's Restaurants Inc., which it acquired in its Preceding Year in December 2015 from Goldner Hawn Johnson & Morrison. On a pro-forma basis, showing revenue under both owners, Houlihan's Restaurants Inc. had total Preceding-Year revenue of $143.7 million.

182

Apple-Metro Inc.

Harrison, N.Y.

Applebee's Neighborhood Grill & Bar, Pizza Studio

Dec. '17

$140.20 

$149.90 

$153.40 

183

Duffy's Management Inc. 

Lake Worth, Fla.

Duffy's Sports Grill

Dec. '17

$135.40 

$129.50 

$114.20 

184

Servus! 

Jasper, Ind.

Denny's, Grandy's, Long John Silver's, Wendy's

Dec. '17

$131.90 

$133.10 

$138.70 

185

Brockway Moran & Partners Inc.* 

Boca Raton, Fla.

Pennant Foods Corp. (Wendy's)

Jan. '18

$128.70 

$130.40 

$128.60 

Near the close of its Latest Year, in January 2018, affiliate Pennant Foods sold 52 franchised Wendy's restaurants in California to the WKS Restaurant Group of Lakewood, Calif. Terms were not disclosed. After or near the close of its Latest Year, Pennant Foods sold its remaining 34 Wendy's restaurants, all in the Knoxville, Tenn., market, through the Wendy's System Optimization restaurant flipping initiative, with those units ultimately being acquired in February 2018 by JAE Restaurant Group. Terms were not disclosed.

186

Southern Rock Restaurants LLC*

Franklin, Tenn.

McAlister's Deli

Dec. '17

$128.50 

$95.60 

$45.20 

Acquired five McAlister's Deli locations and built four in the Latest Year, to end with 73. Preceding and Prior-Year growth of 111.5 percent and 50.7 percent, respectively, largely reflects the late 2016 acquisition of 12 McAlister's Deli restaurants in the St. Louis area from SD Holdings, and the late 2015 purchase of 19 McAlister's Deli units in Indiana from McIndy. Terms were not disclosed.

187

Cerberus Capital Management L.P.* 

New York

Strategic Restaurants Acquisition Corp. (Burger King), Garden Fresh Restaurant Corp. (Sweet Tomatoes, Souplantation)

Dec. '17

$128.10 

$142.00 

$527.70 

During its Latest Year, with an assumed transaction date of Jan. 30, 2017, acquired out of bankruptcy Garden Fresh Restaurant Corp., parent of the Sweet Tomatoes and Souplantation buffet chains previously controlled by Sun Capital Partners. In August 2017, sold Garden Fresh to investor groups led by Perpetual Capital Partners. Terms were not disclosed. Cerberus Latest-Year revenue of $128.1 million represents estimated sales generated by Garden Fresh during the 189 days Cerberus is assumed to have controlled that company, which, under three owners, had total reported Latest-Year sales of $246.8 million. During its Preceding Year, in December 2016, Cerberus sold 194 franchised Burger King restaurants operated by affiliate Strategic Restaurants Acquisition Corp. to GPS Hospitality. In May 2016, gave up controlling interest in Last Call Operating Co. I Inc., parent of the Champps Kitchen + Bar, Fox & Hound and Bailey's casual dining chains, which subsequently filed for bankruptcy in August 2016 and was acquired by Fun Eats and Drinks LLC, an affiliate of Kelley Investment Group.

188

Berkshire Hathaway Inc.

Omaha, Neb. 

Dairy Queen Brazier, DQ Grill & Chill, Karmelkorn, Orange Julius

Dec. '17

$124.80 

$124.30 

$121.10 

189

Kellan Restaurant Management Corp. 

Kansas City, Mo.

54th Street Grill & Bar/Restaurant & Drafthouse

Dec. '17

$117.80 

$107.50 

$98.80 

190

Papa Murphy's Holdings Inc.

Vancouver, Wash.

Papa Murphy's Take 'N' Bake Pizza

Dec. '17

$116.30 

$124.50 

$118.40 

191

Ted's Montana Grill Inc.

Atlanta

Ted's Montana Grill

Dec. '17 

$115.60 

$113.60 

$122.00 

192

Wisconsin Hospitality Group LLC  

Waukesha, Wis.

Applebee's Neighborhood Grill & Bar, Pizza Hut

Dec. '17

$115.40 

$122.90 

$132.00 

193

Jersey Mike's Franchise Systems Inc.

Manasquan, N.J.

Jersey Mike's Subs

Dec. '17

$113.50 

$88.30 

$71.70 

194

Valenti Management Inc.*

Tampa, Fla.

Chili's Grill & Bar, Wendy's

Dec. '17

$113.40 

$234.60 

$237.40 

Latest-year 51.7-percent decrease in estimated foodservice revenue reflects the company's sale of 62 franchised Wendy's restaurants to NPC International Inc. in April 2017, and sale of 57 franchised Wendy's restaurants to Meritage Hospitality Group Inc. in May 2017. NPC paid $55.8 million for the restaurants and related property. Meritage did not disclose the terms of its deal with Valenti.

195

Ultra Steak Inc. 

Fishers, Ind.

Texas Roadhouse, Little Caesars, Aspen Creek

Dec. '17

$111.90 

$114.20 

$98.90 

196

K&W Cafeterias Inc.

Winston-Salem, N.C.

K&W Cafeteria

June '18

$110.30 

$115.00 

$114.10 

197

Palm Management Corp.

Washington

The Palm, Palm Bar & Grille

Dec. '17

$109.10 

$116.80 

$117.30 

198

Specialty Restaurants Corp. 

Anaheim, Calif.

94th Aero Squadron, Brady's Landing, The Castaway, Guayamus, HS Lordship's, Luminarias, Rusty Pelican, Whiskey Joe's, etc.

June '18

$106.00 

$104.90 

$105.80 

199

Twin Haven Capital Partners LLC*

Los Angeles

Uno Restaurants LLC (Pizzeria Uno, Uno Chicago Bar & Grill)

Sept. '17

$105.20 

$182.10 

$188.90 

Latest-Year decrease in U.S. foodservice revenue reflects May 2017 sale of controlling interest in Uno Restaurant Corp. to Newport Global Advisors of The Woodlands, Texas. Terms were not disclosed.

200

Wingstop Inc.* 

Dallas

Wingstop

Dec. '17

$103.50 

$70.60 

$0.00 

Latest-Year 46.6-percent growth in U.S. revenue resulted from change in ownership. During the Preceding Year, in March 2016, Roark Capital Group sold shares in publicly traded Wingstop Inc. to the point that it no longer had a controlling interest. For Top 200 purposes, Roark's sell-off triggered a change in ownership to the general shareholders of Wingstop Inc. Preceding-Year revenue of $70 million for Wingstop represents estimated post-change-in-control revenue to that entity. On a pro-forma basis, under any and all owners, Wingstop had estimated U.S. food-service revenue for the Latest, Preceding and Prior Years of $103.5 million, $89.8 million and $76.7 million, respectively.

Total Top 200 Company U.S. Foodservice Revenue:

$183,182.30 

$173,397.20 

$166,586.40