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chicken restaurantCNBC
•Entertainment
Entertainment
80% Informative
Raising Cane's is now the third -largest chicken chain in the U.S. by sales, trailing only Chick -fil-A and Popeyes .
The company has more than 900 restaurants and saw system sales of $5.1 billion last year .
Founder Todd Graves has said he wants to become a top 10 restaurant chain with more than $10 billion in annual sales.
In 2025 , U.S. per capita consumption of chicken is expected to hit 104 pounds , up 25% over the last 15 years .
Cane 's is facing more competition from other fast-food chains' forays into poultry.
KFC is now the fifth -largest chicken chain, trailing both Canes 's and Wingstop by sales.
Canes has a unique business model, operating its own restaurants instead of franchising.
Cane 's best-performing location is in Times Square in New York City .
Friday marked the two-year anniversary of the restaurant.
The company has no plans for an initial public offering, and Graves is estimated to be worth $17.2 billion .
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