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Public Debut Information for Investors

The MOD Pizza IPO is coming to the market. The corporate simply submitted a draft for its public debut. So, let’s take a look at the main points…

Mod Pizza IPO: Concerning the Enterprise

In 2008, Scott and Ally Svenson based MOD Pizza in Seattle. A pioneer amongst fast-casual pizza manufacturers, MOD – brief for Made On Demand – was one of many first to enter the market. Individuals typically confer with the chain because the “Chipotle of pizza.”

MOD Pizza provides artisan-style pizzas and salads. Every one is individually made, prepared in minutes and made to order. Whereas ready in line, clients can select from over 30 topping selections at no extra cost.

MOD Pizza is likely one of the earliest fast-casual pizza chains. Furthermore, a giant a part of the corporate’s success is its people-first tradition, inclusiveness and alternatives for inside promotion. MOD Pizza’s web site states

From above-industry pay and advantages, to hiring individuals with disabilities and people in want of a second likelihood – our ethos is deeply rooted in acceptance, alternative and improvement. The end result? A tremendous spirit of individuality, teamwork and repair has emerged. It’s our tradition of doing good – and it’s catching on.

It’s no shock the chain has seen speedy growth over the previous few years. Right this moment, MOD Pizza is among the many fastest-growing chains within the {industry}. Nonetheless, the corporate confronted development challenges attributable to COVID-19.

Mod Pizza Development Impacted by COVID-19

Earlier than the pandemic, MOD Pizza was on a development streak. The corporate raised $160 million in funding in 2019 and announced plans to extend its retailer depend to 1,000 areas by 2024. Sadly, the pandemic slowed development plans. Nonetheless, the corporate opened 22 new locations in 2020, in comparison with 64 in 2019. The chain opened its five hundredth retailer in Could 2020.

MOD Pizza’s investments in on-line channels in 2019 lessened the results of COVID-19. The corporate launched the MOD Rewards program in 2019 as a part of its growth into digital choices. As well as, the corporate partnered with meals supply providers and supplied curbside pickup for to-go orders. This helped the corporate bounce again from the pandemic and resulted in 135% growth in digital gross sales.

Scott Svenson, co-founder and CEO of MOD Pizza, stated that the pandemic helped the corporate come out stronger…

Not solely did we efficiently handle by way of the disaster, however we improved the enterprise in a number of methods that may assist us emerge from this disaster stronger than ever. We, due to this fact, enter 2021 with immense optimism in regards to the future as we look ahead to the opening of our five hundredth location and a pipeline of operational enhancements and improvements that may additional improve the Squad and buyer expertise.

These initiatives assist place the corporate nicely for the long run. The MOD Pizza IPO could possibly be an intriguing prospect for traders. Let’s study the corporate’s funds first…

Mod Pizza Monetary Highlights

The MOD Pizza IPO submitting is confidential, so funds should not publicly accessible but. Nonetheless, listed here are some highlights from the corporate’s 2019 and 2020 year-end outcomes…

In 2019, system-wide gross sales grew 24% from 2018 to achieve $493 million. Nonetheless, in 2020, MOD Pizza recorded $461 million in system-wide gross sales, representing a 5% decline from 2019.

MOD Pizza’s 2019 web income reached $393 million, up 26% from 2018. In 2020, the corporate’s web income dropped to $388 million. Nonetheless, digital income rose almost 275% in 2020, representing roughly 40% of gross sales.

In 2020, the MODS Rewards loyalty program reached 2 million members. This system performed a key position in responding digitally to COVID-19. Throughout the pandemic, rewards members remained a dependable supply of demand, accounting for greater than 20% of system-wide gross sales.

So, what are the submitting particulars for the MOD Pizza IPO?

Mod Pizza IPO Submitting Particulars

The corporate not too long ago introduced steps towards the MOD Pizza IPO. The corporate has confidentially submitted a draft to the Securities and Alternate Fee (SEC). ​​In different phrases, the IPO date, value vary and provide shares are unknown. Moreover, the corporate didn’t announce a market or ticker image.

The corporate plans for the IPO to happen after the SEC evaluate course of. So, traders ought to begin making ready for the general public debut. You possibly can study extra in regards to the IPO course of right here on this step-by-step information to going public.

Examine again right here for the newest updates on the MOD Pizza IPO. In any other case, for extra food-related investing alternatives, take a look at the Freshworks IPO and Sweetgreen IPO. Additionally, take a look at these high 6 restaurant and fast-food shares.

As all the time, be sure that to analysis earlier than you make investments. IPOs may be unstable for the primary few months and share costs are continually altering. Moreover, if IPO investing pursuits you, take a look at our high latest IPOs and our IPO calendar. We replace the calendar each day to provide the newest information on upcoming and filed IPOs.


About Aimee Bohn

Aimee Bohn graduated from the Faculty of Enterprise and Economics at Towson College. Her background in advertising analysis helps her uncover useful tendencies. Researching IPOs and different tendencies has been her major focus over the previous 12 months. When Aimee isn’t writing for DailyBusiness, you possibly can often discover her doing graphic design or touring with buddies.

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