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

Ghost Kitchens, More in the Cards for Jack in the Box

This summer, Jack in the Box expects to launch up to eight ghost kitchens in partnership with REEF Kitchens.

Read More...

Roark Capital Sweetens Portfolio With Acquisition of Bakeries

Nothing Bundt Cakes joins the company of Culver’s, The Cheesecake Factory, Dunkin' and more as the firm’s 29th restaurant investment.

Read More...

Costa Coffee Wants Remote Workers Back

A Costa Coffee in the West Hampstead area of London has debuted a setup geared toward once again bringing remote workers back into its shops.

Read More...