Chick-fil-A will remain family-owned and has no plans for an initial public offering or other outside investment, CEO Andrew Cathy told CNBC. The chain is expanding internationally, opening restaurants at a calculated pace and developing new businesses through its Red Wagon Ventures incubator. Revenue reached $10.3 billion in 2025, up 14%, while net income rose 1% to $1.05 billion. System sales totaled $23.92 billion, ranking Chick-fil-A third among U.S. restaurant brands behind McDonald's and Starbucks. The company is also testing menu innovations, rejecting AI voice ordering in drive-through lanes and entering markets including Canada, Singapore and the United Kingdom.