Cashing in on America's chicken obsession, Raising Cane's is spreading its wings with plans to roost in nearly 100 new locations this year
Briefly

Raising Cane's, famous for its chicken fingers, plans to open nearly 100 new locations this year following the noteworthy addition of 118 locations last year. The fast-food chicken sector has seen remarkable growth, with a 9% sales increase last year, far outpacing the 1% increase for burgers. The surge in chicken-focused establishments, popularized by the explosive success of Popeye's chicken sandwich, has piqued investor interest. Notable transactions include Dave's Hot Chicken's recent $1 billion sale and Bojangles considering a potential $1.5 billion sale.
Raising Cane's has announced plans to open nearly 100 new locations following a record year of growth with the addition of 118 locations in 2024.
The chicken restaurant category is booming, with sales increasing 9% last year, while traditional competitors like burgers saw only a 1% rise.
Read at Fortune
[
|
]