earnings
confidence high
sentiment positive
materiality 0.60
Rave Restaurant Q1 net income rises to $285K; comp sales +18-25%
RAVE RESTAURANT GROUP, INC.
2022-Q1 EPS reported
$0.02
revenue$2,553,000
- Net income of $285K ($0.02 diluted EPS) vs $76K ($0.00) a year ago; sixth consecutive profitable quarter.
- Revenue increased $0.7M to $2.6M; Pizza Inn domestic comps +25%, Pie Five comps +18%.
- Adjusted EBITDA of $0.4M; cash and equivalents $7.9M, down $0.5M sequentially.
- Pizza Inn domestic units 133, international 32; Pie Five domestic units 33.