Mod Pizza Delivers Customer Growth + High Consumer Sentiment Scores
Mod Pizza builds on its fast casual power lead
Mod Pizza continues its reign in the fast casual pizza sector with continued month-over-month loyalty and consumer sentiment. Additionally, it marks its 4th quarter in a row where traffic trends are up as much as 4.7% overall. They continue to show strong leads over their nearest competitors by comparison with Blaze Pizza, show slightly flat consumer sentiment trends over the past year.
Contributing to high consumer sentiment ranking is the Mod Pizza service and staff friendliness; food quality ranks number two in the Restaurant Power Index data credentials.
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IPO or Not
The chain has long been speculated as an IPO candidate. The company in 2019 raised $160 million from Clayton, Dubilier & Rice. The company had raised well over $300 million in various fundraising rounds. That said, the chain pulled back its plans to IPO in 2022.
Scott Svenson, co-founder and CEO of MOD Pizza told Restaurant Business in 2019 that the company controlled its destiny following its most recent fundraising, leaving open the prospect of an IPO. At the time, however, he said its most recent fundraising round would help the chain reach 1,000 locations.
“We could one day be a public company,” he said. “But at the moment, it’s not on our radar screen.”
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