Rave Restaurant Q1 fiscal 2023: revenue up 17.7% to $3.0M, net income flat at $0.3M

RAVE RESTAURANT GROUP, INC.

2023-Q1 EPS reported $0.02 revenue$3,005,000

Net income of $0.3M ($0.02 diluted EPS) unchanged YoY; total revenue $3.0M, +17.7%.
Adjusted EBITDA $0.5M, +$0.1M YoY; domestic comp-store sales: Pizza Inn +12.5%, Pie Five +7.6%.
Used $1.4M for share repurchases in Q1; cash & equivalents $7.4M at quarter end.
Unit counts: Pizza Inn 128 domestic, 33 international; Pie Five 31 domestic.
CEO cites 10th consecutive profitable quarter; first new-image Pizza Inn opening Jan 2023 in Asheboro, NC.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

RAVE RESTAURANT GROUP, INC. reported first fiscal quarter ended September 25, 2022 results: revenue $3.0 million, net income $0.3 million, EPS $0.02 per share.

Period: first fiscal quarter ended September 25, 2022
Revenue: $3.0 million
Net income: $0.3 million
EPS: $0.02 per share
Result: reported results

Exact text from the filing

EBITDA increased by $0.1 million to $0.5 million for the first quarter of fiscal 2023 compared to the same period of the prior year. • Total revenue increased by $0.5 million to $3.0 million for the first quarter of fiscal 2023 compared to the same period of the prior year. • The Company used $1.4 million to repurchase shares of its common stock in the first quarter

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Source: SEC EDGAR

accession 0001140361-22-039742

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