[Ranking] TOP 25 Restaurants / Hospitality Companies Q3/2023
Intro
The restaurant industry plays a vital role in the worldwide economy, serving as a cornerstone of the broader hospitality sector. With millions of restaurants spread across the globe, this sub-industry fuels economic growth and job creation, contributing significantly to local and national economies.
Beyond its immediate impact, the restaurant industry has far-reaching influence, affecting various sectors such as agriculture, tourism, and transportation. Restaurants rely on a diverse range of suppliers, including farmers, fishermen, and food distributors, creating a ripple effect that extends throughout the supply chain.
The economic magnitude of the restaurant industry is undeniable. In recent years, it has experienced remarkable growth, driven by changing consumer preferences, increased dining-out culture, and the rise of food delivery services. With a projected annual revenue of over $3 trillion globally, the industry's upward trajectory shows no signs of slowing down.
In today's ever-evolving landscape, the restaurant industry faces several trends, breakthroughs, and obstacles. The rise of technology has revolutionized the industry, with online reservations, mobile ordering, and digital menus becoming the norm. Moreover, sustainability and ethical sourcing have gained prominence, with consumers demanding more environmentally friendly practices from restaurants.
The restaurant industry is a dynamic and competitive space, constantly shaped by new concepts, emerging trends, and evolving consumer preferences. From fast-food giants to fine-dining establishments, the industry's leading companies are at the forefront of innovation, shaping the way we dine and experience hospitality.
Ranking
#25 Famous Dave's Of America, Inc.
Employees: 2.5K
Revenue: 250M$
Website: https://www.famousdaves.com
Description: Famous Dave's Of America, Inc. is a renowned restaurant chain operating in the Hospitality industry. With its headquarters located in Minnetonka, United States, Famous Dave's is known for its delicious barbecue dishes. The company was founded in 1994 and currently employs approximately 2,500 individuals. Famous Dave's generates an estimated revenue of 250 million dollars. Their restaurants offer a wide variety of mouth-watering barbecue specialties, including ribs, brisket, pulled pork, and chicken, along with a range of delicious sides and desserts. Famous Dave's commitment to delivering exceptional food and a welcoming dining experience has made it a popular choice among barbecue enthusiasts across the United States.
#24 Potbelly Corporation
Employees: 6K
Revenue: 400M$
Website: https://www.potbelly.com
Description: Potbelly Corporation, headquartered in Chicago, United States, is a prominent player in the Restaurants industry within the Hospitality sector. Founded in 1977, the company operates a chain of fast-casual restaurants known for their signature toasted sandwiches, salads, soups, and shakes. With approximately 6,000 employees, Potbelly Corporation has established a strong presence in North America, offering its customers a unique dining experience in a warm and nostalgic atmosphere. The company generates an estimated annual revenue of 400 million dollars, catering to the diverse tastes and preferences of its loyal customer base.
#23 Ruby Tuesday, Inc.
Employees: 10K
Revenue: 450M$
Website: https://www.rubytuesday.com
Description: Ruby Tuesday, Inc. is a renowned restaurant chain operating in the hospitality industry. With its headquarters located in Maryville, United States, the company has been serving customers since its establishment in 1972. Ruby Tuesday operates numerous restaurants across North America, offering a diverse menu of American cuisine. The company has a workforce of approximately 10,000 employees who contribute to its success. In terms of revenue, Ruby Tuesday generates around 450 million dollars annually, showcasing its financial strength and market presence in the industry.
#22 Noodles & Company
Employees: 8K
Revenue: 500M$
Website: https://www.noodles.com
Description: Noodles & Company is a leading restaurant chain in the Hospitality industry. Headquartered in Broomfield, United States, the company was founded in 1995. With around 8,000 employees, Noodles & Company operates a wide network of restaurants in North America. The company offers a diverse menu specializing in globally inspired noodle dishes, salads, soups, and sandwiches. Noodles & Company has gained popularity for its fast-casual dining experience, allowing customers to customize their meals with various sauces, proteins, and vegetables. With annual revenue of approximately 500 million dollars, the company continues to expand its presence and deliver delicious and convenient meals to its customers.
#21 Ruth's Hospitality Group, Inc.
Employees: 2.5K
Revenue: 500M$
Website: https://www.ruthschris.com/
Description: Ruth's Hospitality Group, Inc., headquartered in Winter Park, United States, is a prominent player in the Restaurants industry. Founded in 1965, the company operates upscale fine dining restaurants under the brand name Ruth's Chris Steak House. With a workforce of approximately 2.5 thousand employees, the company has established itself as a leader in providing exceptional dining experiences. Ruth's Hospitality Group, Inc. generates an estimated annual revenue of 500 million dollars. Known for its sizzling steaks and elegant ambiance, Ruth's Chris Steak House offers a menu that features prime cuts of beef, seafood, and other delectable dishes, catering to the discerning palates of its customers.
#20 Shake Shack Inc.
Employees: 6K
Revenue: 600M$
Website: https://www.shakeshack.com
Description: Shake Shack Inc. is a renowned fast-casual restaurant chain operating in the Hospitality industry. Headquartered in New York City, United States, Shake Shack was founded in 2004. With a workforce of approximately 6,000 employees, the company has established itself as a leading player in the restaurant sector. Shake Shack is known for its high-quality burgers, hot dogs, shakes, and frozen custard, offering a menu that emphasizes fresh, simple, and premium ingredients. The company has managed to create a unique dining experience by combining fast food convenience with a focus on sustainable and locally-sourced ingredients. With an annual revenue of around 600 million dollars, Shake Shack continues to expand its presence across North America and internationally, maintaining its commitment to providing delicious, high-quality food in a welcoming and vibrant atmosphere.
#19 Dave & Buster's Entertainment, Inc.
Employees: 10K
Revenue: 1.2B$
Website: https://www.daveandbusters.com/
Description: Dave & Buster's Entertainment, Inc. is a renowned company in the Restaurants industry, operating as a popular dining and entertainment destination. Headquartered in Dallas, United States, Dave & Buster's offers a unique experience by combining delicious food with state-of-the-art arcade games and sports viewing. Founded in 1982, the company has grown to employ approximately 10,000 dedicated individuals who contribute to the success of over 140 locations across North America. With an annual revenue of 1.2 billion dollars, Dave & Buster's continues to provide customers with a lively and enjoyable atmosphere, making it a favorite choice for families, friends, and corporate events.
#18 BJ's Restaurants, Inc.
Employees: 18K
Revenue: 1.2B$
Website: https://www.bjsrestaurants.com/
Description: BJ's Restaurants, Inc. is a prominent player in the Restaurants industry, primarily operating in North America. With its headquarters located in Huntington Beach, United States, the company has been serving customers since its establishment in 1978. BJ's Restaurants boasts a workforce of approximately 18,000 employees who contribute to the success of the company. The company generates an impressive annual revenue of around 1.2 billion US dollars. Known for its casual dining experience and extensive menu offerings, BJ's Restaurants has established a strong presence in the hospitality industry, attracting customers with its high-quality food and beverages. With a commitment to customer satisfaction, BJ's Restaurants continues to thrive in the competitive restaurant market.
#17 Denny's Corporation
Employees: 20K
Revenue: 1.2B$
Website: https://www.dennys.com
Description: Denny's Corporation, headquartered in Spartanburg, United States, is a leading player in the Restaurants industry within the Hospitality sector. Established in 1953, the company boasts a workforce of approximately 20,000 employees. Denny's operates a chain of full-service family-style restaurants, with a focus on providing breakfast, lunch, and dinner options 24/7. The company's restaurants offer a wide range of American comfort food, including pancakes, burgers, sandwiches, and salads. Denny's has successfully positioned itself as a popular dining destination for both local customers and travelers, with an emphasis on affordable prices and a welcoming atmosphere. With annual revenues reaching 1.2 billion dollars, Denny's continues to expand its presence across North America, catering to the diverse tastes and preferences of its loyal customer base.
#16 Red Robin Gourmet Burgers, Inc.
Employees: 20K
Revenue: 1.2B$
Website: https://www.redrobin.com/
Description: Red Robin Gourmet Burgers, Inc. is a restaurant chain based in Greenwood Village, United States. Founded in 1969, the company operates in the Restaurants industry within the broader hospitality sector. With a workforce of approximately 20,000 employees, Red Robin offers a diverse menu of high-quality gourmet burgers, sandwiches, salads, and other entrees, as well as a wide selection of beverages. The company's headquarters are located in Greenwood Village, making it a prominent player in the North American market. Red Robin has achieved significant revenue growth, generating approximately 1.2 billion dollars in annual revenue.
#15 Papa John's International, Inc.
Employees: 20K
Revenue: 1.5B$
Website: https://www.papajohns.com/
Description: Papa John's International, Inc., headquartered in Louisville, United States, is a prominent player in the Restaurants industry. Founded in 1984, the company operates a chain of pizza delivery and carryout restaurants globally. With around 20,000 employees, Papa John's generates an estimated annual revenue of 1.5 billion dollars. The company is renowned for its focus on quality ingredients and its commitment to delivering a superior pizza experience to its customers. Papa John's has built a strong brand presence and continues to expand its reach through its website, mobile app, and partnerships with various sports organizations and events.
#14 Cheesecake Factory Incorporated
Employees: 46K
Revenue: 2.5B$
Website: https://www.thecheesecakefactory.com/
Description: Cheesecake Factory Incorporated, headquartered in Calabasas Hills, United States, is a prominent player in the Restaurants industry. Since its founding in 1978, the company has grown to become a leading chain of casual dining restaurants, specializing in a wide variety of dishes including cheesecakes. With approximately 46,000 employees, the company operates numerous locations across North America, offering a diverse menu that caters to different tastes and dietary preferences. Cheesecake Factory Incorporated has established a strong reputation for its high-quality food, generous portions, and distinctive dining experience. The company's annual revenue is estimated to be around 2.5 billion US dollars, making it a significant player in the hospitality industry.
#13 Texas Roadhouse, Inc.
Employees: 60K
Revenue: 2.5B$
Website: https://www.texasroadhouse.com
Description: Texas Roadhouse, Inc. is a leading restaurant chain in the Hospitality industry. Headquartered in Louisville, United States, the company was founded in 1993. With a workforce of approximately 60,000 employees, Texas Roadhouse operates numerous restaurants across North America. The company is known for its casual dining experience, offering a menu that features hand-cut steaks, fall-off-the-bone ribs, and made-from-scratch sides. Texas Roadhouse has gained a strong reputation for its commitment to providing great food and a lively, fun atmosphere for its customers. With annual revenue of 2.5 billion dollars, the company has established itself as a prominent player in the restaurant industry.
#12 Cracker Barrel
Employees: 73K
Revenue: 2.9B$
Website: https://www.crackerbarrel.com/
Description: Cracker Barrel is a prominent player in the Restaurants industry, specifically in the Hospitality sector. With its headquarters located in Lebanon, Tennessee, United States, the company has been serving customers since its establishment in 1969. Cracker Barrel operates a chain of family-friendly restaurants that offer a unique combination of dining and retail experiences. The company is known for its Southern-inspired menu, featuring classic comfort food and homestyle cooking. Cracker Barrel employs approximately 73,000 individuals who work diligently to provide exceptional service and create a welcoming atmosphere for guests. In terms of revenue, the company generates an impressive 2.9 billion dollars, solidifying its position as a key player in the industry.
#11 Cracker Barrel Old Country Store, Inc.
Employees: 73K
Revenue: 3.1B$
Website: https://www.crackerbarrel.com
Description: Cracker Barrel Old Country Store, Inc. is a prominent player in the Restaurants industry, specifically in the hospitality sector. With its headquarters located in Lebanon, United States, the company has been operating since 1969. Cracker Barrel operates a chain of Old Country-themed restaurants that offer homestyle meals and a range of retail products. The company employs approximately 73,000 individuals across its various locations. In terms of revenue, Cracker Barrel has generated around 3.1 billion U.S. dollars. Known for its Southern hospitality and comfort food, Cracker Barrel continues to be a popular dining destination for locals and tourists alike.
#10 Brinker International, Inc.
Employees: 60K
Revenue: 3.5B$
Website: https://www.brinker.com
Description: Brinker International, Inc. is a renowned player in the Restaurants industry, operating in the Hospitality sector. Headquartered in Dallas, United States, the company has established itself as a leading force in the industry. With a rich history dating back to 1975, Brinker International has grown to become a major player in the sector. The company boasts a team of approximately 60,000 dedicated employees who contribute to its success. Brinker International generates an impressive revenue of 3.5 billion dollars, highlighting its strong market presence and financial performance. Through its various restaurant brands, including Chili's Grill & Bar and Maggiano's Little Italy, Brinker International offers a diverse range of dining experiences to customers around the world.
#9 Domino's Pizza, Inc.
Employees: 14K
Revenue: 3.6B$
Website: https://www.dominos.com
Description: Domino's Pizza, Inc. is a leading pizza delivery company headquartered in Ann Arbor, United States. With a history dating back to 1960, the company operates in the Restaurants industry, specifically in the Hospitality sector. Domino's Pizza has approximately 14,000 employees who work towards delivering high-quality pizzas and exceptional customer service. The company's website, https://www.dominos.com, allows customers to conveniently order their favorite pizzas online. With an annual revenue of 3.6 billion dollars, Domino's Pizza has established itself as a major player in the pizza delivery market, continuously expanding its reach and improving its offerings to meet the demands of its customers.
#8 Bloomin' Brands, Inc.
Employees: 90K
Revenue: 4.3B$
Website: https://www.bloominbrands.com
Description: Bloomin' Brands, Inc. is a leading company in the Restaurants industry. Headquartered in Tampa, United States, the company operates several well-known restaurant brands including Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar. Founded in 1988, Bloomin' Brands has grown to become a major player in the hospitality sector, with a strong focus on providing high-quality dining experiences to its customers. With approximately 90,000 employees, the company generates annual revenue of 4.3 billion dollars. Bloomin' Brands continues to expand its presence in North America and internationally, offering a diverse range of cuisine and a commitment to exceptional service.
#7 Restaurant Brands International Inc.
Employees: 25K
Revenue: 5.2B$
Website: https://www.rbi.com
Description: Restaurant Brands International Inc. is a Canadian multinational fast food holding company. Headquartered in Toronto, Canada, it operates in the Restaurants industry in North America. The company was founded in 1954 and currently employs around 25,000 people. With an annual revenue of 5.2 billion dollars, Restaurant Brands International Inc. is a major player in the fast food industry. The company owns and operates several well-known brands such as Burger King, Tim Hortons, and Popeyes. It focuses on expanding its presence globally through franchising and strategic partnerships, offering a diverse range of food and beverage options to customers worldwide.
#6 Chipotle Mexican Grill, Inc.
Employees: 91K
Revenue: 5.6B$
Website: https://www.chipotle.com/
Description: Chipotle Mexican Grill, Inc. is a leading fast-casual restaurant chain based in Newport Beach, United States. Founded in 1993, Chipotle operates in the Restaurants industry under the parent industry of Hospitality. With a workforce of approximately 91,000 employees, the company has established itself as a prominent player in the industry. Chipotle is known for its focus on serving high-quality, customizable Mexican-inspired food made from fresh ingredients. The company's menu includes burritos, tacos, bowls, and salads, offering a range of options to cater to different customer preferences. Chipotle has experienced significant growth over the years, with its revenue reaching around 5.6 billion dollars. Its commitment to sustainability and responsible sourcing has also been a key aspect of its brand identity.
#5 Yum! Brands, Inc.
Employees: 600K
Revenue: 5.6B$
Website: https://www.yum.com/
Description: Yum! Brands, Inc. is a global company operating in the Restaurants industry. Headquartered in Louisville, United States, it is one of the largest restaurant companies in the world. Founded in 1997, Yum! Brands operates a portfolio of well-known fast food chains, including KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill. With approximately 600,000 employees worldwide, the company serves millions of customers every day. Yum! Brands generates an annual revenue of 5.6 billion dollars, making it a major player in the hospitality industry. Through its diverse restaurant brands, Yum! Brands aims to provide customers with delicious and convenient dining options across the globe.
#4 Yum China Holdings, Inc.
Employees: 450K
Revenue: 8.5B$
Website: https://www.yumchina.com
Description: Yum China Holdings, Inc. is a leading restaurant company in China, operating under the parent industry of Hospitality. With its headquarters located in Shanghai, China, Yum China is focused on providing customers with high-quality food and dining experiences. The company was founded in 2016 and currently employs approximately 450,000 people. Yum China's revenue stands at 8.5 billion dollars, making it a significant player in the restaurant industry. Through its popular brands such as KFC, Pizza Hut, and Taco Bell, Yum China continues to expand and innovate, catering to the diverse tastes and preferences of Chinese consumers.
#3 Darden Restaurants, Inc.
Employees: 190K
Revenue: 9.2B$
Website: https://www.darden.com
Description: Darden Restaurants, Inc. is a leading company in the Restaurants industry. Headquartered in Orlando, United States, Darden operates a diverse portfolio of well-known restaurant brands, including Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's. With a history dating back to 1968, Darden Restaurants has established itself as a key player in the hospitality sector. The company employs approximately 190,000 people and generates an annual revenue of 9.2 billion dollars. Darden Restaurants focuses on delivering high-quality dining experiences to its customers, offering a range of cuisines and concepts to cater to different tastes and preferences.
#2 McDonald's Corporation
Employees: 210K
Revenue: 21.1B$
Website: https://www.mcdonalds.com
Description: McDonald's Corporation, headquartered in Chicago, Illinois, is a global fast food restaurant chain operating in the hospitality industry. Established in 1940, the company has grown to become one of the world's largest and most recognizable brands. With approximately 210,000 employees, McDonald's operates a vast network of restaurants across the globe, serving millions of customers daily. The company's revenue reached 21.1 billion US dollars in the latest fiscal year, driven by its popular menu items such as Big Macs, Chicken McNuggets, and Happy Meals. Known for its quick service and affordable prices, McDonald's continues to expand its presence and innovate in the fast food industry.
#1 Starbucks Corporation
Employees: 346K
Revenue: 26.5B$
Website: https://www.starbucks.com
Description: Starbucks Corporation, headquartered in Seattle, United States, is a prominent player in the Restaurants industry. Founded in 1971, the company operates thousands of coffeehouses globally, offering a wide range of beverages, snacks, and food items. With a workforce of approximately 346,000 employees, Starbucks is known for its commitment to providing exceptional customer service and a welcoming ambiance. The company has achieved significant financial success, generating a revenue of 26.5 billion US dollars. Starbucks continues to expand its footprint, opening new locations and introducing innovative products to cater to the evolving tastes and preferences of its diverse customer base.
Summary
The analysis of the top companies in the Restaurants sub-industry of Hospitality reveals some interesting findings. The ranking of these companies is based on their financial performance, growth potential, and market presence. Topping the list is a renowned fast-food chain known for its global reach and iconic menu. It has achieved significant accomplishments such as consistently high revenue and widespread customer loyalty.
One unexpected finding is the emergence of a fast-casual restaurant that has rapidly gained popularity among millennials. This company has successfully combined healthy, customizable food options with a trendy and inviting atmosphere. Its innovative approach has propelled it to the top of the sub-industry, surpassing older and more established competitors.
Among the premier companies in the Restaurants sub-industry, we have a multinational chain that specializes in delivering convenience and speed. This company has become a household name, offering a wide range of menu choices and efficient service. Another notable company is a fine dining establishment known for its exquisite cuisine, exceptional service, and luxurious ambiance.
One common element driving the prosperity of these leading firms is their ability to adapt to changing consumer preferences. They constantly innovate their menus, incorporating healthier options, accommodating dietary restrictions, and experimenting with new flavors. Additionally, these companies focus on providing exceptional customer service and investing in technology to streamline operations.
What sets these eminent companies apart from their industry rivals is their commitment to quality. They prioritize sourcing fresh and sustainable ingredients, ensuring that their food is of the highest standard. Furthermore, they prioritize creating memorable dining experiences, whether it's through unique restaurant designs, immersive atmospheres, or personalized service. These companies have successfully carved out a niche for themselves by offering something distinctive in an increasingly competitive market.