Charley's Ranked No. 139 in the Technomic Top 500 Report
Fast-Casual Philly Steak Chain Advances in Annual Rankings
May 07, 2012 // Franchising.com // Columbus, OH – Charley’s Grilled Subs, the 457-unit franchise best known for its Philly Steak sandwiches, has been ranked No. 139 in an annual list of the top 500 largest U.S. restaurant chains – moving up 44 spots since the ranking last year.
According to data released by Technomic Inc., the 500 largest U.S. restaurant chains registered a 3.4 percent annual sales increase in 2011, a sharp improvement over 1.8 percent the prior year In their annual reporting on the top U.S. restaurant chains the foodservice consultancy found that U.S. system wide sales for the Top 500 chains grew to an estimated $242 billion in 2011, up more than $8 billion over 2010.
More than 60 percent of the Top 500 restaurant chains posted at least nominal sales increases; only 193 of these chains suffered sales declines in 2011 compared to 231 in 2010. Both winners and losers appeared in every segment and menu category. These widely-mixed results demonstrate the overall competitiveness of the industry and the need for suppliers and operators to carefully identify and focus on the winners.
“We know the restaurant industry has been hard hit with the effects of the recession, but customers keep coming back when the food and service exceeds their expectations and that’s how we’ll stay successful,” said Bob Wright, President and Chief Operating Officer for Charley’s. “We’re thrilled to see Charley’s move up these prestigious rankings.”
Charley’s, which currently operates in 46 states and 16 countries including Japan, Germany and Saudi Arabia, has been well received in the U.S. and in international markets due to the quality of ingredients and appeal of steak sandwiches worldwide. The company was founded in 1986 by the company’s CEO, Charley Shin. In addition to its booming international growth, Charley’s continues its rapid U.S. development as well. Plans call for the franchise to have at least 500 restaurants open by 2012.
The Technomic Top 500 Chain Restaurant Report provides Technomic’s exclusive 1-year sales forecast by menu category, update on franchise and international activity, 5-, 10- and 20-year trend analyses, outlook for the future, market share by menu category, and much more.
About Charley’s Grilled Subs
Charley’s Grilled Subs is famous for their hot, fresh made-to-order Philly Steak Sandwiches and other 100 percent Certified USDA choice steak, chicken and deli subs, gourmet fries and freshly squeezed lemonade. The company, headquartered in Columbus, Ohio, has more than 450 locations worldwide in 46 states and 16 countries. Founded in 1986, more than 90 percent of all Charley’s Grilled Subs restaurants are run by franchisees. For more information, go to www.Charleys.com.
Fishman Public Relations