GapMaps has released its 2023 Fast Food and Quick Service Restaurant network report, which has analysed store openings and closures for 18 brands from May 2022 to 2023.
Senior Analyst at GapMaps, Scott Johnson, said the changes found in the new report were somewhat modest.
"During this reporting period, we observed a small growth with a net increase of 19 new stores after accounting for the closure of 18 stores," said Johnson.
An increase of five stores happened within the final three months, with McDonald's being the only brand to report a net reduction in the same quarter. Domino's was the highest growing brand with nine new openings, followed by Pizza Hut with seven, Sal's Pizza with six, BurgerFuel had five new openings, and Kentucky Fried Chicken had three.
According to the report, most net closures occurred within the first nine months. Nando's had nine closures, more than any other, followed by five Tank Juice closures, and four closures of Pita Pit. Tank Juice was also the largest brand to experience a net reduction in store count.
Johnson said that this was a significant report, which offers unparalleled insight into the ever-evolving competitive landscape of the Fast Food and Quick Service Restaurant sector.
The report provided an up-to-date view of the network's geographical distribution. It will assist with making informed, location-based decisions and to adapt to changing population habits and trends.
Subway maintain their lead as New Zealand's largest brand with 242 outlets, McDonald's follows with 169 outlets, and Domino's on 150. Carl's Jr. remains the smallest brand, with only 15 stores.
