August 6, 2014
Are burgers and fries no longer American staples? Some financial analysts predict that will soon be the case.
According to a note published this week by Janney Capital Markets, McDonald’s is expected to be the only burger-related restaurant chain in the top five U.S. restaurants by 2020. They forecast Burger King and Wendy’s to fall out of the top five, to be replaced by Dunkin’ Donuts and Chick-fil-A.
Mark Kalinowski, Janney's lead restaurant analyst, told The Huffington Post, that Americans are also turning to more "upscale chains with higher-quality food" such as Starbucks, Panera and Chipotle.
"Americans' tastes are evolving," he said.