RAVE Q4 net income jumps to $6.8M; domestic same-store sales rise 13.5% at Pizza Inn, 16.6% at Pie Five

RAVE RESTAURANT GROUP, INC.

Q4 net income of $6.8M ($0.38 diluted EPS) vs. $0.9M ($0.05) a year ago; full-year net income $8.0M ($0.45).
Q4 total revenue up $0.4M to $2.8M; full-year revenue $10.7M, up $2.1M YoY.
Adjusted EBITDA stable at $1.2M in Q4; full-year up $0.8M to $2.8M.
Pizza Inn domestic unit count 128; Pie Five 31 domestic units; international Pizza Inn 31.
Repurchased $0.5M in shares during Q4; an additional $1.1M repurchased after year-end.

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