The fast food industry ranked sixth out of the 15 industries studied in MBLM’s Brand Intimacy 2019 Study, which is the largest study of brands based on emotion. Brand Intimacy is defined as the emotional science that measures the bonds we form with the brands we use and love. Chick-fil-A rose to the #1 spot in fast food followed by Dunkin’. Starbucks dropped to third after ranking first for the previous two years. The top 10 for the industry was rounded out by: McDonald’s, Taco Bell, Subway, Wendy’s, Burger King, Chipotle and KFC.
Chick-Fil-A also ranked 10th in the overall industry. In addition to performing well in MBLM’s study, the brand increased its revenue at a 15% annual rate from 2010 to 2018, while the industry as a whole only grew by 3.4%. In 2018, Chick-fil-A also reported more than $10 billion in revenue, its 51st consecutive year of sales growth. This correlates to the study findings, which revealed that top intimate brands in the U.S. significantly outperformed the top brands in the Fortune 500 and S&P indices in both revenue and profit over the past 10 years.
“Chick-fil-A has gradually risen to the top of the fast food industry in our annual study,” stated Mario Natarelli, managing partner, MBLM. “The brand is able to connect with a wide range of customers and we expect it to continue to perform well in years to come. Others in the industry can learn from the leader in creating more robust, stronger connections with their patrons.”
Additional noteworthy fast food findings include:
In conjunction with the industry findings, MBLM also analyzed the top ranking fast food brand in an article entitled, “Chick-fil-A: Climbing the Brand Intimacy Rankings.” Chick-fil-A improved across all six Brand Intimacy archetypes, showing the breadth and range of its ability to build emotional bonds with users in a variety of compelling ways. The brand also improved its performance in the fusing stage of Brand Intimacy, which is the most advanced stage of intimacy and occurs when a person and a brand are inexorably linked and co-identified. Chick-fil-A also has a wide appeal. Additionally, among intimate users, it has greatly improved its price resilience metrics, 26.7 percent of Chick-fil-A users said they would be willing to pay 20 percent more for the brand’s products. This is the third-highest price resilience score in the 2019 study. The brand has weathered some controversy on its support of certain issues; however, it appears to continue to grow and connect with consumers. Notwithstanding the divisive nature of some of the brand’s associations, it is clearly becoming a major player in its ability to build emotional bonds. If Chick-fil-A increases its base of intimate users, MBLM expects it to continue to be a leader in the industry and rank highly in the overall study as well.
To view fast food industry findings, please click here. MBLM will also host a webinar on the industry on August 20th at 1pm EST. Registration details and a post-session recording will be available here.
Additionally, MBLM offers Custom Dashboards providing extensive data for brands included in its annual Brand Intimacy Study. To download the full Brand Intimacy 2019 Study or explore the Data Dashboard click here.