Rave Restaurant Q4 revenue $3.0M, EPS $0.04; FY23 comp sales +10.3%

RAVE RESTAURANT GROUP, INC.

Q4 total revenue $3.0M (+$0.2M YoY); net income $0.6M vs $6.8M prior year, which included $5.7M deferred tax asset.
Full-year FY23 revenue $11.9M (+$1.2M YoY); diluted EPS $0.10 vs $0.45 prior year.
Pizza Inn domestic comp sales +11.3% (FY), +9.0% (Q4); Pie Five comps +5.4% (FY), -0.6% (Q4).
Adjusted EBITDA $2.7M for FY23 (down $0.1M); cash from operations $2.6M (up $1.2M).
Repurchased $5.0M of common stock in FY23; cash and equivalents $5.3M, down $2.4M.

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 financial results for the fourth quarter and fiscal year ended June 25, 2023.

Period: the fourth quarter and fiscal year ended June 25, 2023
Result: reported results

Exact text from the filing

On September 21, 2023, Rave Restaurant Group, Inc. issued a press release discussing financial results of its fourth quarter and fiscal year ended June 25, 2023, a copy of which is attached as Exhibit 99.1 hereto.

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Source: SEC EDGAR

accession 0001140361-23-044692

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