A MOD Pizza location in Seattle. Credit: SounderBruce.

MOD Pizza has announced its 2017 full year results, including sales of $275m and 110 restaurant openings.

The fast-casual chain brought its system-wide count to 302 restaurants in 2017 with the opening of new locations and expansion into seven states. Same-store sales grew by 5.2%, system-wide sales increased by 81% and company net revenue reached $219m, up 68%.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

MOD raised $33m in equity over the past year due to support from its ‘strong investor base’ and closed a $40m credit facility.

‘America’s fastest growing chain’, as ranked by consulting company Technomic, has raised over $185m in total equity capital to date.

MOD Pizza CEO and co-founder Scott Svenson said: “2017 was an amazing year for MOD as we added 110 stores to our system-wide store base, making it the second year in a row during which we grew by 100 stores or more.

“We continued our aggressive geographic expansion entering seven new states, giving us a presence in 27 states at year end.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We accomplished this during a difficult period for the broader restaurant industry, and we believe our remarkable growth was enabled, in significant part, by our continued commitment to make a positive social impact. In 2017 alone, MOD contributed over $1 million to support our local communities and Squad members in need.”

MOD’s expansion includes launching the brand in Indiana, Montana, Utah, Delaware, Florida, Nevada and Georgia. Its executive team also changed with the addition of chief operating officer, Paul Twohig, chief marketing officer, Tracy Cioffi, vice president of culinary, Robin Hamm, vice president of technology Robert Notte and the appointment of Dunkin’ Brands’ chief financial officer, Kate Jepson to MOD’s board of directors.