Business
Chick-fil-A: The fast food restaurant is keeping things simple... and it's working

Chick-fil-A: The fast food restaurant is keeping things simple... and it's working

Chicken sandwiches are big business

America loves Chick-fil-A.

This week the fast food company disclosed that it had sold more than $16.7 billion worth of food across its restaurants in 2021, up more than 20% on last year's haul of $13.7bn — putting Chick-fil-A near the very top of the fast food food chain, behind only the golden arches and Starbucks in terms of US sales.

Closed on Sundays

A typical Chick-fil-A (outside of a mall location), turns over more than $8 million a year (source), which is a staggering amount on its own — and more than any other major fast food chain — but gets even more staggering when you remember that those sales are crammed into just 6 days a week. As tradition has long dictated at Chick-fil-A, all of its restaurants are closed on Sundays.

So why is Chick-fil-A doing so well?

The obvious answer is... delicious food. But the business model deserves some credit too. Chick-fil-A has a fairly unique franchise system — the company typically only lets owners own one franchise location (as opposed to multiple). In theory that could have limited the company's growth, but it also means Chick-fil-A franchisees are laser focused on their one store. The stellar sales numbers suggest it can't have hurt too much.

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After upsetting GOP senators, GM scraps its EV tax credit extension plan

Roughly a week after it was first reported, GM’s plan to extend the now-expired $7,500 US federal EV tax credit to customers through a leasing program is no more.

Last week, Republican Senators Bernie Moreno (Ohio) and John Barrasso (Wyoming) wrote a letter to Treasury Secretary Scott Bessent urging him to change the IRS rule that they said allowed automakers to game the law that ended the tax credit, “bilking” taxpayers.

Automakers GM and Ford, who each saw juiced-up EV sales ahead of the tax credit's expiration, sought to extend the subsidy by using their financial arms to put down payments on EVs already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

Automakers GM and Ford, who each saw juiced-up EV sales ahead of the tax credit's expiration, sought to extend the subsidy by using their financial arms to put down payments on EVs already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

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Taco Bell is named the fastest drive-thru for a fifth year, but it may have lost a human touch with AI

Though Chick-fil-A was the slowest fast-food drive-thru, it was considered the friendliest, per the latest QSR report. At the Golden Arches, however, customers weren’t lovin’ the vibe.

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