Pizza Brand Looks to Double its Share of the Pie

MOD Pizza is keeping its focus on more than pies. It’s raising equity, nearly $340 million, to more than double its current 433-unit footprint in the next five years. With digital orders doubling over the past year, MOD will use some of the funding to build digital ordering and off-premise channels. The 11-year-old fast-casual pizza brand is one of the fastest-growing chains in the U.S., with system sales up 45% last year, according to Technomic. Overall system sales have more than quintupled since 2015, to nearly $400 million from $65 million.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

Boelters Sells Its Licensed Products Division

 Company wants to focus on foodservice and beverage business.

Read More...

CEG Adds Italian Espresso Maker to Lineup

The manufacturers' rep will carry Faema in northern Illinois.

Read More...