Technomic Reports How Historically High Inflation Impacted Top 200 Canadian Chain Restaurant Performance in 2022

Built using decades of historical data—the Top 200 Canadian Chain Restaurant report provides a detailed analysis of the foodservice industry and overarching trends, annual sales and unit counts by chain and segment.

CHICAGO, May 30, 2023 — Technomic released one of its most highly anticipated reports, the 2023 Top 200 Canadian Chain Restaurant Report, which includes expert findings and insights into the sales performance of Canadian chain restaurants in 2022. The report—built using decades of historical data—provides a detailed analysis of the foodservice industry and overarching trends, annual sales and unit counts by chain and segment.

“Total sales for Canada’s Top 200 chain restaurants hit $40 billion in 2022, improving by 15% compared to the prior year,” said Kevin Schimpf, director of industry research and insights at Technomic. “While overall chain restaurant sales managed to bounce back to pre-pandemic levels, the recovery was largely driven by rising menu prices and the top-heavy growth of the industry’s top-ranked players.”

Key findings include:

Total Top 200 chain sales accounted for over half of all Canadian restaurant and bar industry sales in 2022
The Top 200’s location footprint includes more than 27,000 restaurants, and has grown each of the last two years following a pandemic-related contraction in 2020
Historically high consumer prices for foodservice played a major role in boosting chain restaurant sales growth
Limited-service Mexican and chicken chains achieved standout sales and location growth in 2022

The latest report on the Top 200 Canadian chains is available for purchase now.

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About Technomic:
Technomic Inc. was founded as a management consulting firm in 1966. Since then, Technomic’s services have grown to encompass cloud-based B2B research tools, consumer and menu trend tracking and other leading strategic research and analytic capabilities, to prioritize and size business opportunities. Our clients include food manufacturers and distributors, restaurants, retailers and multiple other business verticals aligned with the food industry that are looking to make informed decisions to support their business growth.

About Informa:
Informa is a leading international B2B markets, live and on-demand events and digital services group. They connect businesses and professionals in 30+ industries with the knowledge they need to learn more, know more and do more. Informa has hundreds of global brands, products and services and employs 11,000 employees in ~30 countries worldwide.

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