---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-039742"
form_type: "8-K"
ticker: "RAVE"
cik: "0000718332"
company_name: "RAVE RESTAURANT GROUP, INC."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T10:19:15.143541+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-22-039742
- form_type: 8-K
- ticker: RAVE
- cik: 0000718332
- company_name: RAVE RESTAURANT GROUP, INC.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/718332/000114036122039742/0001140361-22-039742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/718332/000114036122039742/brhc10043583_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-039742
- JSON: https://secwatch.observer/filing/0001140361-22-039742.json
- Plain text: https://secwatch.observer/filing/0001140361-22-039742.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/718332/000114036122039742/0001140361-22-039742-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.