Industry Pioneer’s 2015 Record Growth of 220% Recognized in Top 500 Chain Restaurant Report
SEATTLE, Wash. (April 29, 2016) – MOD Pizza, the pioneer of fast casual pizza, announced that it has been ranked the fastest growing chain restaurant by Technomic, a research and consulting firm, in its annual Top 500 Chain Restaurant Report. MOD earned the top ranking with sales growth of 220% in 2015, significantly outpacing the 37% growth of the fast casual pizza category. In addition, MOD made its debut on Technomic’s 2015 overall restaurant ranking, placing 385th based on annual sales.
“2015 was a significant year for MOD with 220% growth in sales and a tripling of our store count to 92 locations. Customers continue to embrace our individual artisan style pizzas and purpose led culture,” commented Scott Svenson, co-founder and CEO of MOD Pizza. “While we are thrilled to be recognized for our industry-leading growth, what really inspires us is introducing our people-centric culture to new places, while creating great job opportunities and being a force for good in communities across the country.”
Darren Tristano, President of Technomic, added: “The fast casual custom-built pizza segment is today’s break-out growth sector. With consumer demand for high-quality ingredients, consumer controlled customization and the investment in growth from brand leaders like MOD Pizza, this segment is poised for double-digit growth over the next five years and beyond.”
MOD’s rapid growth continues in 2016. This week alone the company opened five locations in five days. MOD’s total store count stands at 125 locations in Arizona, California, Colorado, Idaho, Illinois, Maryland, Michigan, Missouri, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Virginia and Washington. Upcoming locations have been announced to open in Kansas, Kentucky, Ohio and Wisconsin. MOD will also make its international debut in the United Kingdom this summer.
ABOUT MOD PIZZA:
MOD Pizza is the pioneer of the fast casual pizza segment, founded in Seattle in 2008 by entrepreneurs Scott and Ally Svenson. MOD’s individual artisan-style pizzas are made on demand, allowing customers to create their own pizzas and salads, using fresh-pressed dough, signature sauces and over 30 toppings, for one price. With over 120 locations across 16 states, MOD is committed to creating a positive social impact in the communities it serves, by not only creating a cool place to eat, but an inspired place to work. In 2015, MOD earned a spot on the Inc. 5000 list as one of the fastest growing private companies in America, and was recognized by Fortune as one of the “20 Best Workplaces in Retail” for its progressive hiring practices, career growth opportunities and workplace benefits. For more information, please visit www.modpizza.com or connect with the brand via Facebook, Twitter or Instagram.
Only Technomic, a Winsight company, delivers a 360-degree view of the food industry. We impact growth and profitability for our clients by providing consumer-grounded vision and channel-relevant strategic insights. Our services range from major research studies and management consulting solutions to online databases and simple fact-finding assignments. Our clients include food manufacturers and distributors, restaurants and retailers, other foodservice organizations, and various institutions aligned with the food industry. Visit us at technomic.com.