Toppers Pizza Closes Out Q3 with 20% Growth in Year-Over-Year Sales; Marks 13th Consecutive Quarter of Same-Store Sales Increases

Toppers Pizza, the QSR pizza company with more than 70 corporate and franchisee-owned locations primarily in Wisconsin and Minnesota, wrapped up Q3 with a 20% increase in year-over-year, systemwide revenue and 8 new units signed. 

This marks the 13th consecutive quarter of same-store sales increases for Toppers Pizza, which has seen steadily rising AUVs across its system as consumer demand for delivery, technology, smaller restaurants, and “better” food concepts reaches unprecedented heights.

“We are very proud of the consistent growth we’ve shown despite supply chain shortages, a turbulent economy and the rest of the challenges that have come over the past year,” said CEO Scott Gittrich. “There is no doubt pizza emerged as a rare winner over the past year, and Toppers was there to keep pace. Now, we are ready to continue that momentum and satisfy the pizza lovers in new communities across the country.”

This quarter, Toppers also announced that Great Plains Capital LLC has made a long-term minority equity investment in the business. Part of the capital will be used by the company to accelerate its growth plans and promote continued systemwide growth. With the support of Great Plains Capital, Toppers is making systemwide investments in franchise development, company store development, increased training and technology innovation. Looking ahead, Toppers plans to open 10 to 12 stores in 2022, followed by 20 to 30 per year in 2023 and 2024. 

“I couldn’t be more excited about our partnership with Great Plains Capital and the impact they will have on our ability to grow — now is our time,” said Gittrich. “As we keep up our momentum heading into the tail end of 2021 and beyond, Toppers is perfectly positioned to grow significantly in the next few years, and we will continue to invest in the resources to make a bright future even brighter.”

ABOUT TOPPERS PIZZA

Founded in 1991 as an alternative to big box pizza, Toppers is built on a bold attitude with the product to back it up. Headquartered in Whitewater, Wisconsin, 70+ Toppers locations are on a mission to redefine what customers should expect from QSR pizza. The menu features unique flavors, bold recipes, crave-worthy Topperstix, signature wings, specialty desserts and a growing selection of offerings for diverse lifestyles. By consistently giving customers what they want, Toppers has forged an untapped space in the pizza industry and is thriving in a digital-first, post-pandemic world. World class technology ranking among the top QSR pizza concepts, consistent menu innovation, a powerfully focused digital media strategy, and Gen Z-centric social media channels drive 70% of sales online for the brand. With franchisees achieving a $1,110,000 average unit volume across the entire system and 12 consecutive quarters of same store sales increases, Toppers Pizza is primed for major growth and is looking for like-minded franchisees to join its system. For more information, visit https://www.toppers.com/franchise and follow the brand on Facebook and Instagram.

**The financial performance set forth is for the 13 periods ended October 3, 2021 (“2021 Period”) for all restaurants (both affiliate-owned and franchised) that were open as of October 3, 2021, and that had been open and operating for at least the full 13 periods.

The 2021 Period ran from October 5, 2020 to October 3, 2021 and consisted of 364 days.  As of October 3, 2021, there were 68 Toppers Pizza restaurants open and operating.  Two of the franchised restaurants and two of the affiliate-owned restaurants did not operate during the entire 2021 Period, so those four restaurants were excluded from the results.  Please refer to our 2021 FDD, as amended October 15, 2021, for additional information. 

Minnesota Franchise Registration No. F-4129. 

This information is not intended as an offer to sell or solicitation of an offer to buy a franchise.  It is for informational purposes only.  Offer is made only by prospectus.