Scott Svenson

18 statements across 2 episodes · 3 bullish · 2 bearish · 2 people on the record · first statement Jul 24, 2023 by Scott Svenson · said 1 times in 1 episodes since 2024 · across every show →

On the record as a speaker too: Scott Svenson's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

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2024 1 mention in 1 episode

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Everything said about Scott Svenson, oldest first

Jul 24, 2023
Assertion Supported
Scott Svenson: MOD Pizza employs approximately 12,000 squad members
“Right now we have about 12,000 squad members.”
Scott Svenson Jul 24, 2023 ▶ 1:19:17 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023 negative
Insight
Scott Svenson: Starbucks amplified the operational dysfunctions of small startups at scale
“What we found was all of the challenges and the imperfections and the dysfunction that we had in our small little company were just amplified on a bigger scale at Starbucks”
Scott Svenson Jul 24, 2023 ▶ 41:17 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023 positive
Assertion Supported
Scott Svenson: Ousted CrestaCare CEO backed Seattle Coffee Company's launch
“Allie and I built it, and they were our backers.”
Scott Svenson Jul 24, 2023 ▶ 17:18 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023
Assertion Supported
Svenson: 85% of MOD Pizza locations are company-owned and 15% franchised
“So today, 85% of our stores are company-owned, 15% are franchised with nine partners who were fabulous, incredibly valuable, and experienced operators”
Scott Svenson Jul 24, 2023 ▶ 1:08:53 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023
Disclosure
Scott Svenson: Seattle Coffee Company raced for real estate to defend against Starbucks
“We knew that it was a market share game. We knew that we had to get out and secure the right real estate and build the brand, and in our real, in our market, they talk about the first mover advantage, and we had to secure that first mover advantage so that if …”
Scott Svenson Jul 24, 2023 ▶ 35:14 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023 neutral
Insight
Scott Svenson: First-mover market leads in retail dining are hard to supplant
“If you allow a brand in a category to get too far ahead in a particular market, it's hard to supplant them.”
Scott Svenson Jul 24, 2023 ▶ 1:08:10 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023 negative
Insight
Scott Svenson: Starbucks pushed to replicate US playbooks abroad without adapting
“There was a lot of momentum organizationally to simply replicate in a new market what they had success doing elsewhere”
Scott Svenson Jul 24, 2023 ▶ 43:13 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023 neutral
Assertion Partly supported
Scott Svenson: Board disclosures led to a front-page FT story ousting CEO
“I walked back in the boardroom and shared what I had seen, and that led to a front page article in the Financial Times the next day that this CEO had been removed.”
Scott Svenson Jul 24, 2023 ▶ 16:13 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023
Assertion Supported
Scott Svenson: Over 90% of UK coffee was instant in the mid-1990s
“Around the world at that time, About 92% of all coffee consumed was real coffee, and eight percent was instant. In the UK, it was the inverse of that. It was over 90% instant, and the balance was real.”
Scott Svenson Jul 24, 2023 ▶ 23:17 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023
Assertion Not checkable as stated
Scott Svenson: Joined Wall Street not knowing balance sheets vs. P&L
“When I graduated, I really had very little clarity as to what I wanted to do as a career, and A lot of people from Harvard ended up going to work on Wall Street, and I looked at it as an opportunity, frankly, very simply to make some money to pay my student lo…”
Scott Svenson Jul 24, 2023 ▶ 5:30 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023
Assertion Supported
Scott Svenson: MOD Pizza scaled from 12 to over 400 stores within 5 years
“On our fifth birthday, 12 stores in western Washington, five years later on our 10th birthday, we had over 400 stores spread across seventy-plus discrete markets around the U.S.”
Scott Svenson Jul 24, 2023 ▶ 1:09:05 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Jul 24, 2023 positive
Assertion Not checkable as stated
Scott Svenson: Seattle Coffee Company's early food sales tripled Starbucks' share
“Starbucks food sales at the time were eight to 10% of sales, and ours were 25%.”
Scott Svenson Jul 24, 2023 ▶ 31:36 MOD Pizza & Seattle Coffee Company: Scott and Ally Svenson
Sep 5, 2024 neutral
Disclosure
Svenson: Post-pandemic capital needs forced MOD Pizza to sell the company
“And then we got into a dynamic where we needed to raise capital, which we knew we were going to. It just accelerated it and put us into a position of either needing to raise capital or sell the company. And we ended up selling.”
Scott Svenson Sep 5, 2024 ▶ 3:53 Advice Line with Scott and Ally Svenson of MOD Pizza
Sep 5, 2024
Assertion Supported
Ally Svenson: MOD Pizza founders had zero retail experience before launching
“We had never worked in retail. Our qualification was the fact that we had been customers of the thing that we wanted to create.”
Ally Svenson Sep 5, 2024 ▶ 43:58 Advice Line with Scott and Ally Svenson of MOD Pizza
Sep 5, 2024
Insight
Svenson: Restaurant chains must maximize home market density before geographic expansion
“In our industry, there's a formula that is the more penetrated you are in a market, the more well-known your brand, and generally the brands that are more well-known perform better. So making sure that you really feel like you've, before you move into a new ma…”
Scott Svenson Sep 5, 2024 ▶ 22:50 Advice Line with Scott and Ally Svenson of MOD Pizza
Sep 5, 2024
Insight
Svenson: Healthy restaurants need 2-3x revenue-to-buildout ratio and 20% EBITDA
“People want to see that a couple of things that your revenue is at least two times your cost. Cost to build and open a store, your capital cost, and ideally closer to three, but at least two times. So if it costs you half a million dollars to open a store, the…”
Scott Svenson Sep 5, 2024 ▶ 26:49 Advice Line with Scott and Ally Svenson of MOD Pizza
Sep 5, 2024 positive
Assertion Supported
Svenson: Best-in-class restaurant brands like Chipotle and CAVA achieve mid-20s margins
“Best in class brands, Chipotle and Cava and others are in the mid twenties.”
Scott Svenson Sep 5, 2024 ▶ 27:18 Advice Line with Scott and Ally Svenson of MOD Pizza
Sep 5, 2024 neutral
Opinion
Scott Svenson: Consumers don't yet vote with pocketbooks for mission-driven brands
“I don't think consumers yet are necessarily voting with their pocketbooks the way they do with their conscience, the way that they might talk about it.”
Scott Svenson Sep 5, 2024 ▶ 36:15 Advice Line with Scott and Ally Svenson of MOD Pizza
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