Rave Restaurant Q3 net income rises to $0.7M; comp sales slip at both brands

RAVE RESTAURANT GROUP, INC.

2024-Q3 EPS reported $0.11 revenue$8,795,000

Net income $0.7M ($0.04 diluted EPS) vs $0.3M ($0.02) YoY; revenue flat at $3.0M.
Adjusted EBITDA $0.8M (+$0.2M YoY); pre-tax income up 95.2% to $0.9M.
Pizza Inn domestic comp sales -1.9% (prior Q3 +15.6%); Pie Five -6.4% (prior +8.4%).
Cash and equivalents $6.3M; unit count: Pizza Inn 104 dom / 21 intl, Pie Five 23.
First nine months net income $1.6M matches full FY2023; reimaging program: 12 new restaurants set.

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 1.0

RAVE RESTAURANT GROUP, INC. reported third quarter of fiscal 2024 ended March 24, 2024 results: revenue $3.0 million, net income $0.7 million, EPS $0.04 per share.

Period: third quarter of fiscal 2024 ended March 24, 2024
Revenue: $3.0 million
Net income: $0.7 million
EPS: $0.04 per share
Result: reported results

Exact text from the filing

• Income before taxes increased 95.2% to $0.9 million for the third quarter of fiscal 2024 compared to the same period of the prior year. • Total revenue remained stable at $3.0 million for the third quarter of fiscal 2024 compared to the same period of the prior year. • Adjusted EBITDA increased by $0.2 million to $0.8 million for the third quarter of fiscal

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Source: SEC EDGAR

accession 0001140361-24-023851

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