Chipotle was a drag on nation's fast-casual restaurant sales in 2016, says report

DENVER BUSINESS JOURNAL - Technomic's 2017 report today on the nation's top 250 fast-casual restaurant chains shows the segment's revenue grew in 2016, but not at the same pace as in previous years.

And it says that Denver-based Chipotle Mexican Grill Inc.'s recent struggles were a factor in that slowdown.

The annual report found that the top 250 fast casual chains grew sales cumulatively 8.4 percent in 2016 to a total of $40.4 billion, which was a better result than other segments of the restaurant industry.

Still, the growth lagged fast casual's 11.9 percent growth in 2015, and 13.8 percent growth in 2014.

Read more at Denver Business Journal.

Copyright 2017 Denver Business Journal


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