Global Industry Overview: Restaurants
Restaurants are involved in retail sale of prepared foods and beverages for on-site or immediate consumption, and include fast-food restaurants, diners, refreshment stands, and full-service restaurants. Caterers and institutional food service establishments are also included in this category.
Industry Snapshot
While most restaurants are single units, independently owned and operated, the majority of industry revenues are dominated by large chains such as McDonald's and Yum! Brands. McDonald's was the world's leading restaurant in terms of sales with US$22.7 billion in 2009. Yum! Brands, which owns KFC and Taco Bell, among other brands, was the world leader...