secwatch.observer — SEC 8-K summary
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Issuer:     RAVE RESTAURANT GROUP, INC. (RAVE)
CIK:        0000718332
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001140361-24-023851
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718332/000114036124023851/0001140361-24-023851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718332/000114036124023851/ef20028262_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-023851

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