RAVE Q3: Revenue $3.0M, Pizza Inn comps +15.6%, Pie Five +8.1%; net income $0.3M

RAVE RESTAURANT GROUP, INC.

2023-Q3 EPS reported $0.06 revenue$8,841,000

Total revenue increased $0.4M to $3.0M; Pizza Inn domestic comparable store sales +15.6% YoY, Pie Five +8.1%.
Adjusted EBITDA stable at $0.6M; net income $0.3M ($0.02 diluted EPS) vs $0.5M ($0.03) prior year.
Cash $3.9M; unit counts: Pizza Inn 122 domestic, 33 international; Pie Five 30 domestic.
12th consecutive profitable quarter; investments in new image prototype and tech weighed on Q3 net income.
Tax expense increased $112K due to deferred tax asset recognition, primary driver of net income decline (non-cash).

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 third fiscal quarter ended March 26, 2023 results: revenue $3.0 million, net income $0.3 million, EPS $0.02 per share.

Period: third fiscal quarter ended March 26, 2023
Revenue: $3.0 million
Net income: $0.3 million
EPS: $0.02 per share
Result: reported results

Exact text from the filing

(NASDAQ: RAVE) today reported financial results for the third quarter of fiscal 2023 ended March 26, 2023. Third Quarter Highlights: • Total revenue increased by $0.4 million to $3.0 million for the third quarter of fiscal 2023 compared to the same period of the prior year. • Adjusted EBITDA remained stable at $0.6 million for the third quarters of both fiscal 2023

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Source: SEC EDGAR

accession 0001140361-23-022860

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