---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-004020"
form_type: "8-K"
ticker: "RAVE"
cik: "0000718332"
company_name: "RAVE RESTAURANT GROUP, INC."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:57:04.459102+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-004020
- form_type: 8-K
- ticker: RAVE
- cik: 0000718332
- company_name: RAVE RESTAURANT GROUP, INC.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/718332/000114036123004020/0001140361-23-004020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/718332/000114036123004020/brhc10047323_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-004020
- JSON: https://secwatch.observer/filing/0001140361-23-004020.json
- Plain text: https://secwatch.observer/filing/0001140361-23-004020.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/718332/000114036123004020/0001140361-23-004020-index.htm

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