---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-022860"
form_type: "8-K"
ticker: "RAVE"
cik: "0000718332"
company_name: "RAVE RESTAURANT GROUP, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:33:06.646697+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001140361-23-022860
- form_type: 8-K
- ticker: RAVE
- cik: 0000718332
- company_name: RAVE RESTAURANT GROUP, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/718332/000114036123022860/0001140361-23-022860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/718332/000114036123022860/brhc20052286_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-022860
- JSON: https://secwatch.observer/filing/0001140361-23-022860.json
- Plain text: https://secwatch.observer/filing/0001140361-23-022860.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/718332/000114036123022860/0001140361-23-022860-index.htm

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