Christian owned Chick-fil-A is on track to become the third largest restaurant chain in the United States. According to data compiled by Kalinowski Equity Research, the Atlanta-based eatery will rise from its seventh-place spot to become the country’s third largest restaurant by the end of the year, Business Insider reported. “We have long pointed out that Chick-fil-A is the restaurant competitor with which McDonald’s should most concern itself, and by extension, investors should, too,” analyst Mark Kalinowski said of the study’s findings. “But this goes beyond McDonald’s.”
The group’s initial predictions showed the fast-food franchise reaching the third-place spot by 2020. But last April, Kalinowski bumped up his prediction, claiming Chick-fil-A could become the third largest restaurant in the U.S. by 2019. As it turns out, he was right. Chick-fil-A’s sales increased last year by a whopping 12 to 15 percent, an increase of more than $1 billion of revenue. “If this plays out this way,” Kalinowski explained, “Chick-fil-A’s 2018 U.S. system-wide sales would easily surpass those of Burger King and Wendy’s.” Chick-fil-a is a Christian run business that refuses to trade on Sundays which makes the results it achieves all the more meritorious.
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