Fast food dips in top 1000 company list
Who are the top 1000 companies in Australia? Franchise brands feature on analysis firm IBISWorld’s list of companies making their mark on the national economy, but it’s a mixed picture in the fast-food industry.
Ongoing migration towards healthier food and volatility in consumer sentiment continues to soften overall revenue growth.
According to IbisWorld, during 2014, average revenue growth across all Top 1000 companies was 7.5 percent, down from 14.6 percent on the previous year.
Domino’s Pizza Enterprises Limited (615) is one of the standouts among the retailers. The company has climbed 380 ranks, following staggering 98.5 percent revenue growth for the year and a 47.6 percent jump in net profit. This revenue increase can be attributed to store growth, internal initiatives and strong investment in online platforms and applications, which has appealed to the industry’s core demographic of younger consumers.
McDonald’s Australia Holdings Limited (248), Quick Service Restaurant Group Pty Ltd (500) – operator of the Red Rooster, Chicken Treat and Oporto brands – and Competitive Foods Australia Pty Ltd (399) – operating through its Hungry Jacks franchise brand – have all conceded ground in the Top 1000 list.
McDonald’s reported modest revenue growth of 1.6 percent for the year, while the others suffered small declines. With consumers increasingly looking for convenience, IBISWorld expects further growth within the industry. The challenge for industry players is adapting existing strategies to cater for the health-conscious and tech-savvy customer.
In the retail sector, Luxottica leaps from position 531 to 480 on the list, with revenue of $840m.
Franchise companies in the top 1000
The following companies have been ranked in the top 1000, with revenue shown in brackets.
10: Caltex ($24,730m)
25: Metcash ($13,533m)
59: Australia Post ($6,383m)
100: 7-Eleven ($3,865m)
154: Harvey Norman ($2,547m)
171: Bank of Queensland ($2,289m)
174: Flight Centre 174 ($2,249m)
248: McDonald’s ($1,642m)
292: Yum! Restaruarants (E1,404m)
357: Terry White Chemists ($1,149m)
399: Competitive Foods ($1038m)
480: Luxottica ($840m)
500: Quick Service Restaurant Holdings ($788m)
584: Ray White Group (E644m)
615: Domino’s Pizza ($592m)
624: LJ Hooker ($582m)
625/626: Bakers Delight/Specsavers ($581m)
647: Coffee Club Holdings (E553m)
729: Carpet Court ($473m)
749: Mantra Group ($455m)
767: Collins Foods at 767 ($441m)
833: Gloria Jean’s Coffees ($398m)
901: Quest Serviced Apartments ($357m)
955: Big4 Holiday Parks (E334m)
959: Cash Converters international ($331m)