Big stacks: Fast food giants are posting huge profits

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America (land of the free, home of the shakes) is the fast-food capital of the world. Of the 25 largest fast-food chains globally, 22 come from the United States, with every single one of the top 17 being American-owned.

Convenient, usually cheap, and always delicious, fast food is a familiar favorite for many — and it’s become even more familiar in the last year. Indeed, with groceries getting more expensive than ever before, sales at many of the largest chains have soared.

In the last 12 months, the net profits for 6 of the largest public fast-food chains in the country have totaled nearly $16bn, over 30% higher than the group achieved at the same point in 2019.

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