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.
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