RAVE Q1 revenue $3.1M, net income $0.4M, Pizza Inn comps +6.8%, EPS $0.03

RAVE RESTAURANT GROUP, INC.

2024-Q1 EPS reported $0.03 revenue$3,089,000

Revenue $3.1M (+$0.1M YoY); net income $0.4M (+$0.1M); diluted EPS $0.03 vs $0.02.
Pizza Inn domestic comp store sales +6.8%; Pie Five comps +1.2%.
Adjusted EBITDA $0.6M, up from $0.5M; cash $5.9M at quarter end.
Unit counts: Pizza Inn 111 domestic, 22 international; Pie Five 26.
EVP/COO Mike Burns resigned to become CEO elsewhere; role not replaced.

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 0.95

RAVE RESTAURANT GROUP, INC. reported first quarter of fiscal 2024 ended September 24, 2023 results: revenue $3.1 million, net income $0.4 million, EPS $0.03 per share.

Period: first quarter of fiscal 2024 ended September 24, 2023
Revenue: $3.1 million
Net income: $0.4 million
EPS: $0.03 per share
Result: reported results

Exact text from the filing

RAVE) today reported financial results for the first quarter of fiscal 2024 ended September 24, 2023. First Quarter Highlights: • Total revenue increased by $0.1 million to $3.1 million for the first quarter of fiscal 2024 compared to the same period of the prior year. • Adjusted EBITDA increased by $0.1 million to $0.6 million for the first quarter of fiscal

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Source: SEC EDGAR

accession 0001140361-23-051014

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