---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-023851"
form_type: "8-K"
ticker: "RAVE"
cik: "0000718332"
company_name: "RAVE RESTAURANT GROUP, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:08:06.642106+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-023851
- form_type: 8-K
- ticker: RAVE
- cik: 0000718332
- company_name: RAVE RESTAURANT GROUP, INC.
- filed_at: 2024-05-02T23:59:59+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/718332/000114036124023851/0001140361-24-023851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/718332/000114036124023851/ef20028262_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-023851
- JSON: https://secwatch.observer/filing/0001140361-24-023851.json
- Plain text: https://secwatch.observer/filing/0001140361-24-023851.txt

## Key facts
- Earnings Releases
  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
  source text: • 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/718332/000114036124023851/0001140361-24-023851-index.htm

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