QSR restaurant chains - additional information
In 2016, McDonald's was the largest quick service restaurant in the world in terms of revenue. In 2020, the revenue of the U.S. fast food industry was forecasted reached an estimated 223.9 billion U.S. dollars.
The fast-food industry in the United States had an estimated 190 franchise establishments in 2016. By 2016, the industry was forecasted to employ 4,149,236 people across the U.S. With an average annual wage of around 13,161 U.S. dollars, the total cost of fast food employees’ wages would reach 53 billion U.S. dollars.
In 2017, McDonald’s was the most valuable fast food brand in the world. Worth over 90 billion U.S. dollars, McDonald’s dwarfed it's closest competitor Starbucks whose brand value was just over 44 billion U.S. dollars. However, in 2015 Starbucks had far greater sales growth than the burger giant, which barely grew more than one percent.