The restaurant chain known for its salt-and-pepper burgers and fried chicken has been a key beneficiary of the $2.5 billion investment in the country’s rice and rice-related industries, according to a report from the International Rice Development Institute.
The Institute’s report said the company’s sales have grown at a CAGR of 7.8 percent in the last six months, compared to an average of 7 percent growth for all domestic restaurants.
The institute said the growth in the company was driven by its sales in the United States and Brazil.
The Rio Olympics and Paralympics have helped to bolster demand for rice in the world’s second-largest economy, which is now getting a boost from the Rio 2016 Games.
The report said Rio 2016 brought in more than $8 billion in sales for Rio de Janeiro’s rice industry.
In April, the institute said that Rio’s rice production grew by more than 10 percent over the previous year, thanks in part to the increased volume of imports.
Rio’s rice export business generated $8.9 billion in revenue last year.
The Brazilian government has been trying to boost rice imports by selling rice from its rice-growing region in Brazil, which accounts for a third of the countrys total rice exports.
But the government has also tried to promote domestic rice producers, with a recent policy aimed at increasing the number of restaurants catering to the growing domestic market.