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Current Events => Economics => Topic started by: bijou on November 17, 2009, 02:12:49 PM

Title: In down times, Chick-fil-A sales, growth are up
Post by: bijou on November 17, 2009, 02:12:49 PM
Quote
WASHINGTON -- At a time when many of its competitors are struggling and most businesses are downsizing, executives at Atlanta-based Chick-fil-A Inc. say their company is on the verge of its best year ever.

The company's chicken-driven sales are expected to cross the $3 billion mark for the first time in the next several weeks and will likely end the year up 9 percent from a year ago. Same-store sales are expected to be up about 4 percent. Next year, the company plans to add nearly 70 stores -- including its first in Chicago, the backyard of fast-food rival McDonald's Corp. It also is talking with potential overseas partners and will likely expand internationally within the next 10 years, company executives say.

If all that weren't enough to make competitors' mouths water, Chick-fil-A is on track to be completely debt-free -- something unheard of for a company of its size -- within the next 36 months.

So what's the secret? ...
http://www.ajc.com/business/in-down-times-chick-196679.html

Title: Re: In down times, Chick-fil-A sales, growth are up
Post by: Chris_ on November 17, 2009, 02:17:06 PM
The DUmmies would hate it.....its a "Christian" company, not unlike Hobby Lobby.....which is also enjoying record profits this year.....

doc
Title: Re: In down times, Chick-fil-A sales, growth are up
Post by: ColonialMarine0431 on November 17, 2009, 02:33:36 PM
They also offer a free meal to any current or retired military personnel on Veteran's Day and they're closed on Sundays. Must drive the DUmmies nuts.  :lmao:
Title: Re: In down times, Chick-fil-A sales, growth are up
Post by: debk on November 17, 2009, 04:11:43 PM
Their diet lemonade is great mixed with Cruzan black cherry rum.... :-)

Bunch of incredibly polite kids work in the ones here....and all are very clean cut, not a bunch of piercings, makeup, tatoos....

They are good, but they are also expensive.....
Title: Re: In down times, Chick-fil-A sales, growth are up
Post by: Ptarmigan on November 17, 2009, 05:04:18 PM
I like Chick-Fil-A.
Title: Re: In down times, Chick-fil-A sales, growth are up
Post by: Baruch Menachem on November 17, 2009, 05:05:15 PM
Sounds like a great place, but the nearest place is 60 miles away
Title: Re: In down times, Chick-fil-A sales, growth are up
Post by: Hawkgirl on November 17, 2009, 05:11:35 PM
they make great shakes too.
Title: Re: In down times, Chick-fil-A sales, growth are up
Post by: Mike220 on November 18, 2009, 11:08:33 AM
There's a Chick-fil-a in the Student Union. I think I know where I'm going for lunch.  :drool:
Title: Re: In down times, Chick-fil-A sales, growth are up
Post by: Splashdown on November 18, 2009, 11:34:07 AM
Kids eat free for dinner on Tuesdays at the one near me.
Title: Re: In down times, Chick-fil-A sales, growth are up
Post by: Chris_ on November 19, 2009, 10:32:04 AM
Their diet lemonade is great mixed with Cruzan black cherry rum.... :-)

Bunch of incredibly polite kids work in the ones here....and all are very clean cut, not a bunch of piercings, makeup, tatoos....

They are good, but they are also expensive.....

I think that is one of the good things. The kids working there are VERY customer service oriented. Mr. Cathy wouldn't have it any other way.

I found this interesting:

Quote
Last year, the company got 22,000 applications from aspiring store operators, who pay just $5,000 in upfront fees and split profits 50-50 with the company. Of those, the company selected only 100.

According to Truett Cathy, store operators are typically "family men" with track records of responsibility and good decision-making.

"We're seeking people with character rather than experience," he said. "If you can't manage your own life, how do you expect to manage a business?"