Raising Cane’s has accelerated restaurant openings this year

Core Insights - Raising Cane's is experiencing significant growth, ranking as one of the fastest-growing chains in Technomic's Top 500 report for 2024, with a 13.9% increase in locations compared to 2023, totaling 828 restaurants [1][2] Expansion Plans - The chain plans to open 14 new restaurants in December 2024 across various states, including its first theme park location at Universal CityWalk in California, set to open on December 11 [2] - In addition to December openings, 11 restaurants were opened in November, indicating a strong growth trajectory for the year [2][3] Sales Performance - Raising Cane's achieved sales of $5 billion in 2024, reflecting a 32% year-over-year increase, and ranked No. 18 in Technomic's report, up from No. 46 in 2018 [4] - The chain has surpassed several competitors in the chicken segment, including KFC, which saw a decline in sales by 5.2% year-over-year, dropping from No. 16 to No. 20 [5] Future Aspirations - The company aims to become a top 10 restaurant brand in the U.S. by the end of the decade, with goals of reaching $10 billion in sales, operating 1,600 restaurants, and employing 150,000 crew members [6]