Chick-fil-A wants to stay a family business even as it expands in the U.S. and abroad

YOU KNOW THAT THING EVERYONE PREDICTED, WELL EVERY OUTSIDE INVESTOR DREAMING OF EQUITY IS FURIOUS BECAUSE CHICK-FIL-A HAS ZERO PLANS FOR AN INITIAL PUBLIC OFFERING AND WANTS TO REMAIN A FAMILY BUSINESS FOREVER, WHICH IS WILD FINANCIAL DISCIPLINE CONSIDERING THEIR SYSTEM SALES HIT TWENTY-THREE POINT NINE BILLION DOLLARS LAST YEAR ACROSS THREE THOUSAND LOCATIONS, MAKING THEM THE THIRD LARGEST RESTAURANT IN AMERICA BEHIND MCDONALD'S AND STARBUCKS, AND WHILE COMPETITORS LIKE POPEYES AND MCDONALD'S ARE STRUGGLING WITH DISAPPOINTING RESULTS FROM SLUGGISH TRAFFIC, CEO ANDREW CATHY SAYS THEY ARE NOT SEEING THAT DOWNTURN AT ALL WITH REVENUE RISING FOURTEEN PERCENT TO TEN POINT THREE BILLION IN TWENTY TWENTY-FIVE, SO NOW THEY ARE DROPPING A BILLION DOLLARS TO EXPAND TO SINGAPORE AND THE UK PLUS TESTING A BEVERAGE CONCEPT CALLED DAYBRIGHT BECAUSE THEY PLAN FOR THE QUARTER CENTURY INSTEAD OF THE FISCAL QUARTER. OK WAIT IS THIS OUR SONG?

LET ME RUIN YOUR NIGHT FOR ONE SECOND, HAVE YOU HEARD ABOUT CHICK-FIL-A'S CAPITAL STRUCTURE YET? NO YOU HAVE NOT, SO LET ME EXPLAIN THE ASSET SITUATION BECAUSE CEO ANDREW CATHY SAYS THEY ARE COMMITTED TO REMAINING A PRIVATELY HELD FAMILY BUSINESS WITH ZERO OUTSIDE INVESTORS EVEN AFTER OPENING ONE HUNDRED SEVENTY-NINE RESTAURANTS LAST YEAR, AND THE THING IS HE SAYS THEY ARE ABLE TO PLAN FOR THE QUARTER CENTURY INSTEAD OF THE FISCAL QUARTER, WHICH MAKES SENSE CONSIDERING RIVAL RESTAURANTS ARE STRUGGLING AND JERSEY MIKE'S SHARES FELL NEARLY TWENTY-EIGHT PERCENT SINCE GOING PUBLIC IN JULY, AND NOW CATHY SAYS DRIVING THIS BUSINESS IS LITERALLY LIKE DRIVING A RACE CAR WHERE THE WINDSHIELD IS BIGGER THAN THE REARVIEW MIRROR, SO THEY ARE ROLLING OUT A ONE BILLION DOLLAR INTERNATIONAL EXPANSION AND A BEVERAGE CONCEPT CALLED DAYBRIGHT ON THEIR OWN TERMS. ANYWAY SOMEBODY BUY ME A SHOT FOR THAT ONE.

Chick-fil-A plans to remain a private, family-owned business with no IPO despite reaching $23.9 billion in system sales and expanding to international markets.

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