The output of the quick-service restaurant (QSR) franchise industry was projected to reach 265 billion U.S. dollars in 2021. Figures increased by 30 billion U.S. dollars between 2016 and 2018, and the industry was forecast to strengthen over the following 12-month period. However, the industry saw a decrease in output in 2020, most likely as a result the coronavirus (COVID-19) pandemic.
Franchised restaurants offer recipe for success
Output is a measurement that is comparable with revenue, referring to the total amount of money brought in from sales, before costs and expenses have been deducted. One of the reasons for the increase in output is the growing number of QSR franchise establishments in the United States, rising from 187,368 in 2016 to an estimated 196,794 in 2019. More restaurants mean more employees: the sector has seen a rise in employment, with positions filled by part-time, full-time, or self-employed individuals increasing year-on-year since 2010.
Burger and pizza categories the most popular among consumers
In terms of systemwide sales, McDonald’s is the leading QSR chain in the United States. The burger company generated around 40.53 billion U.S. dollars from restaurant sales in 2020. The QSR burger category is one of the largest within the industry, with the sales generated by McDonald’s a contributing factor. In 2021, consumer spending in the U.S. pizza industry reached approximately 40.6 billion U.S. dollars. Carryout orders accounted for around 17.5 billion U.S. dollars of that figure.
Output of the quick service restaurant (QSR) franchise industry in the United States from 2007 to 2021
(in billion U.S. dollars)
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International Franchise Association. (February 18, 2021). Output of the quick service restaurant (QSR) franchise industry in the United States from 2007 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 24, 2022, from https://www.statista.com/statistics/252151/economic-output-of-the-us-quick-service-restaurant-franchise-industry/
International Franchise Association. "Output of the quick service restaurant (QSR) franchise industry in the United States from 2007 to 2021 (in billion U.S. dollars)." Chart. February 18, 2021. Statista. Accessed May 24, 2022. https://www.statista.com/statistics/252151/economic-output-of-the-us-quick-service-restaurant-franchise-industry/
International Franchise Association. (2021). Output of the quick service restaurant (QSR) franchise industry in the United States from 2007 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 24, 2022. https://www.statista.com/statistics/252151/economic-output-of-the-us-quick-service-restaurant-franchise-industry/
International Franchise Association. "Output of The Quick Service Restaurant (Qsr) Franchise Industry in The United States from 2007 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Feb 2021, https://www.statista.com/statistics/252151/economic-output-of-the-us-quick-service-restaurant-franchise-industry/
International Franchise Association, Output of the quick service restaurant (QSR) franchise industry in the United States from 2007 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/252151/economic-output-of-the-us-quick-service-restaurant-franchise-industry/ (last visited May 24, 2022)
