Rave Restaurant Q2 net income $0.3M, revenue $2.9M, repurchased $3.6M stock

RAVE RESTAURANT GROUP, INC.

2023-Q2 EPS reported $0.04 revenue$5,871,000

Net income of $0.3M ($0.02 diluted EPS) vs $0.5M a year ago; revenue $2.9M (+6.3% YoY).
Pizza Inn domestic comp store sales +8.4%; Pie Five comps +6.3% in Q2 fiscal 2023.
Repurchased $3.6M of common stock in Q2; cash decreased $4.3M YTD to $3.4M.
Adjusted EBITDA stable at $0.6M; 11th consecutive profitable quarter.
Pizza Inn units: 125 domestic, 33 international; Pie Five units: 31.

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 0.9

RAVE RESTAURANT GROUP, INC. reported second quarter of fiscal 2023 ended December 25, 2022 results: revenue $2.9 million, net income $0.3 million, EPS $0.02 per share.

Period: second quarter of fiscal 2023 ended December 25, 2022
Revenue: $2.9 million
Net income: $0.3 million
EPS: $0.02 per share
Result: reported results

Exact text from the filing

2023 and fiscal 2022. • Adjusted EBITDA remained stable at $0.6 million for the second quarters of both fiscal 2023 and fiscal 2022. • Total revenue increased by $0.2 million to $2.9 million for the second quarter of fiscal 2023 compared to the same period of the prior year. • The Company used $3 . 6 million to repurchase shares of its common stock in the second

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Source: SEC EDGAR

accession 0001140361-23-004020

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