• Despite the most difficult operating environment in the industry’s history, gross development increased +2.1%.
• Projected 2021 gross new unit development of +2.7% is slightly above 2019’s +2.6% growth rate.
• 2020 closure rates for the $1B+ chains were much more manageable (-3.7%) than expected.
• Notably, the $1B+ QSR Chains were able to recoup ~10 years of market share losses in 2020.

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