SVB and its customers generally thrived during the low interest rate era, but as rates rose, SVB found itself more exposed to risk than a typical bank. So, how exactly did this happen? We dig in below. venture capital-backed startups as its customers.īut fast forward to the end of last week, and SVB was shuttered by regulators after a panic-induced bank run. Just days ago, Silicon Valley Bank (SVB) was still viewed as a highly-respected player in the tech space, counting thousands of U.S. Timeline: The Shocking Collapse of Silicon Valley Bank ![]() After all, nothing is more American than a classic hamburger and fries. Sales at Burger restaurants were more than double the runner-up, which was Snacks. The winner is evidently burgers, with $92.2 billion in collective sales. Using the ranking’s food categories, we calculated the total sales in each category from the top 50 to figure out which foods are America’s favorites. Some of these are well-established fast food joints that are simply growing their sales, like Cinnabon, while others are newer to the scene. And in 2021, the delivery side of their business grew 30% year-over-year, according to the QSR report.Īdditionally, the report featured 50 up-and-coming fast food companies to watch in the industry. Starbucks’ mobile order service has grown 400% over the last five years. ![]() Looking to the future, Starbucks, for example, has claimed 90% of its new stores will feature drive-thrus. Digital sales and transactions that limit contact, making fast food even more quick and convenient, are growing as well. Fast Food Industry TrendsĪmerica’s fast food industry is expected to generate $331 billion in sales in 2022, and many restaurants are capitalizing on trends shaped in part by the pandemic.įast food companies are already somewhat ideal for pandemic conditions with drive-thrus, fast service, and a model that doesn’t encourage sitting down to eat. ![]() Some of the lower ranking restaurants include Shake Shack (#45), White Castle (#50), and the Canadian-founded Tim Hortons (#47). While Bojangles is ubiquitous in the Southeast, for example, many on the West Coast may have never heard of it. Some of these chains, however, will be unrecognizable depending on which part of the U.S. Most of the top 20 restaurants are extremely well known, like Chick-fil-A in third place and Taco Bell in fourth. Here’s a closer look at the numbers: Rank ![]() McDonald’s sales are almost double the second the place restaurant’s, Starbucks-totaling $46 billion compared to the coffee shop’s $24 billion. It’s indisputable that McDonald’s is America’s favorite fast food restaurant, if not the world’s. Unofficial figures are noted in the graphic with an asterisk. Note: a number of these figures are estimates. The popular brands are sized by their 2021 systemwide sales and broken down into six broad categories: Burger, Chicken, Snack, Pizza, Sandwich, and Global. This graphic uses data from a report on America’s top 50 fast food chains by Quick Service Restaurant (QSR) Magazine. McDonald’s is still the most popular fast food brand in America today-with $46 billion in systemwide sales last year. Ranked: The Most Popular Fast Food Brands in AmericaĮver since the McDonald brothers created the concept of fast food in 1940, the restaurant’s golden arches have continued to beckon customers to its quick, cheap, and tasty meals.
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