TORONTO — At yesterday’s Icons, Innovators and Influencers event, hosted by Kostuch Media Ltd., awards were handed out to two restaurant chains which demonstrated significant sales growth in 2015.
The Tops in Hospitality Awards, presented in conjunction with the annual Foodservice and Hospitality magazine Top 10 Report, recognized highest sales-volume increase and highest percentage sales growth for 2015.
The 2016 Tops in Hospitality Award for highest sales volume increase went to Tim Hortons, which celebrated its first full year of operation since being acquired by Restaurant Brands International in August 2014. The brand reported gross sales of more than $8 billion in 2015 — good enough for top spot in this year’s report — and grew its sales volume by $712 million.
Browns Socialhouse, the Vancouver-based private company owned by Browns Restaurant Group, jumped 13 spots in this year’s report to finish in 39th position. With 2015 gross sales of $105 million, up 51 per cent from the previous year, Browns Socialhouse took home the 2016 Top in Hospitality award for highest percentage sales growth for the third year in a row.
The annual Foodservice and Hospitality Top 100 Report, compiled by the team at Kostuch Media and based on hundreds of surveys sent out to chain restaurants across the country, is the industry’s most comprehensive ranking of foodservice operators. This year’s results paint a picture of an industry which, despite facing challenges from a sluggish economy, a more demanding customer base, increased food and labour costs and declining traffic, continues to thrive. Our Top 100 operators closed out 2015 with $30 billion in sales, up 5.6 per cent from the previous year.