Reuters: Global Markets: Wendy's knocks Burger King out of No. 2 spot

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Wendy's knocks Burger King out of No. 2 spot Mar 19th 2012, 23:03 Tweet Share this Email Print A woman poses with a Wendy's hamburger in Miami, Florida July 28, 2008. Credit: Reuters/Carlos Barria Related News Wendy's knocks Burger King out of No. 2 spot 6:08pm EDT Starbucks goes beyond coffee with first juice bar 5:06pm EDT McDonald's February sales miss target, Europe blamed Thu, Mar 8 2012 Analysis: Yum eyes young India to help mirror China profits Tue, Feb 28 2012 New pizzas help Domino's deliver strong profit Tue, Feb 28 2012 Analysis & Opinion The taco-truck mystery Obama's hamburger problem Related Topics Hot Stocks » Asian Markets » LOS ANGELES | Mon Mar 19, 2012 7:03pm EDT LOS ANGELES (Reuters) - Hamburger chain Wendy's Co (WEN.O) knocked Burger King Corp BKCBK.UL from its spot as the second-largest U.S. hamburger chain in 2011, but sales of both companies continued to lag McDonald's Corp (MCD.N), the country's No. 1 restaurant chain. The combined revenues of Wendy's and Burger King came to just under $5 billion last year, when total revenue at McDonald's rose 12 percent to $27 billon, according to earnings statements from the companies. McDonald's menu appeals to a wider range of customers, and it has used its financial heft to buy ingredients like ground beef at lower prices than many of its rivals. McDonald's has been the No. 1 chain in the United States since before consulting firm Technomic began tracking restaurants in 1972. Subway remained the second-largest restaurant chain in the United States last year. Starbucks Corp (SBUX.O) came in at No. 3, followed by Wendy's and Burger King, according to Technomic, which released its 2011 restaurant rankings on Monday. Technomic found that overall sales for the top 500 U.S. restaurant chains grew 3.4 percent to an estimated $242 billion in 2011. That compared with an 1.8 percent rise posted in 2010. Five Guys Burgers and Fries was the fastest-growing U.S. chain with sales over $200 million, followed by burrito chain Chipotle Mexican Grill (CMG.N) and Jimmy John's Gourmet Sandwiches, Technomic said. KFC, Taco Bell and Pizza Hut parent Yum Brands Inc (YUM.N) had 2011 revenue of $12.6 billion, but the majority of that came from China and other international markets. (Reporting By Lisa Baertlein in Los Angeles; Editing by Gary Hill) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions