A POPULAR fried chicken chain has overtaken KFC to become the third-largest in the US — and it hasn’t changed its menu in 30 years.
Raising Cane’s has quietly surpassed one of the most beloved chicken chains in annual U.S. Sales.
GettyRaising Cane’s has more than 900 shops across the U.S.[/caption]The last decade has seen the popular chain expand its branches and its home bases in Louisiana and Texas.
There are now more than a whopping 900 Raising Cane’s stores across America.
Around 100 more locations are set to open this year, with another 200 already in the development pipeline.
Raising Cane’s system sales soared to a staggering $5.1 billion last year — more than double its total from four years ago, the chain told CNBC.
The impressive sales figure is thanks to a 10.8% increase in customers, despite consumers cutting back on overall restaurant spending.
Chick-fil-A and Popeyes are the only two chains above Cane’s in U.S. sales.
However, Todd Graves, Cane’s founder, revealed he has his sights on higher goals.
The businessman said he hopes to grow the chain into one of the top 10 restaurants, with over $10 billion in annual sales.
Currently, it is ranked 18th, which is 10 places up from the previous year.
AJ Kumaran, co-CEO with Graves, told CNBC: “All indicators say that we should get there before the end of this decade.
“We’re climbing the ladder slowly, but we’re humble about it.”
FIRST TIME CANE’S
As Raising Cane’s plots this expansion, it is also entering new markets.
Recently, the chain came to Portage, Michigan, with the spot expected to open in the fall or as late as early 2026.
Raising Cane’s is not entirely new to the state of Michigan, however, as it already has two locations there.
More spots are planned there too, including in the Grand Rapids, Kalamazoo and Mount Pleasant areas.
A rep commented on the Michigan market: “As we expand across the world, we’re continually looking at global destinations and popular cities in which to open Raising Cane’s.
“We love the energy and excitement Raising Cane’s has garnered across Michigan and hope to bring our brand to more of the state in areas such as Grand Rapids, Kalamazoo, Mount Pleasant and more of the greater Detroit area within the next few years.”
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