Restaurants, Travel and Leisure
Restaurants, Travel and Leisure Restaurants
GAAP revenue is not system sales
McDonald's, Yum!, and Domino's collect royalties on a much larger sales base. Chipotle and Darden are company-operated, so the two bars match. Starbucks is omitted: it does not publish a systemwide sales total.
GAAP revenueSystem or retail sales
Who has the doors
Yum! 63,285, McDonald's 45,356, Starbucks 40,990, Domino's 22,142. Chipotle 4,056. Darden 2,202 company-owned US restaurants.
Who owns the four walls
Domino's, Yum!, and McDonald's are franchise machines. Starbucks is about half licensed. Chipotle and Darden own almost every restaurant.
Franchised / licensed / partnerCompany-operated
Yum! is KFC, then Taco Bell
2025 system sales: KFC $36.43B, Taco Bell $18.36B, Pizza Hut $12.79B, Habit $0.71B. These bars are not GAAP revenue.
