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12 things to be learned from the 2023 Top 500 report

There is reason to be cautiously optimistic about the restaurant industry

This year’s Top 500 report, presented in partnership with Datassential, unveils reasons for cautious optimism in the restaurant industry. Operators are finally moving to a position of offense rather than defense, working against strategic goals rather than simply reacting to whatever challenge is thrown at them. They’ve fortified their businesses with more efficient operations and game-changing technologies. And the American consumer has clamored for more food away from home, no matter which way the economic winds blow.

The vast majority of restaurant chains — 91% — enjoyed sales growth in 2022, while the majority increased their unit counts. After two years of becoming very intimate with the definition of “unprecedented,” restaurant operators enjoyed for the most part a year of business as usual, and that’s extended into the first half of 2023.

In this gallery, get 12 insights into the data. What’s life like for the 10 chains at the very top? Which region is dominating growth? Who really won the pizza wars? Thea answers to these questions and more lie in the slideshow.

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The Top 500 report is presented by Nation’s Restaurant News and Datassential, using insights from Datassential’s proprietary Sales Intelligence platform. Datassential is the ultimate strategic sales tool in foodservice — the nation’s largest and most robust operator data, combined with key data points like menus, LTOs, and much more.  Learn more about Datassential’s offerings in both insights and sales intelligence at Datassential.com/sales-intelligence.

TAGS: Finance
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