Highest-materiality recent filing
Rave Restaurant Q3 net income up 10.8% to $0.8M; revenue +8.7% to $3.2M
Net income $0.8M (+10.8% YoY); diluted EPS $0.06 vs $0.05 in Q3 fiscal 2025.
Rave Restaurant Group dismisses Whitley Penn, appoints BVWD as new auditor
Effective Feb 10, 2026, Whitley Penn LLP dismissed as independent auditor; BVWD engaged.
Rave Restaurant Q2 net income up 4.9% to $0.6M; revenue +6% to $3.0M
Net income $0.6M, up 4.9% YoY; diluted EPS $0.04 flat vs prior year.
Shareholders elect directors, ratify auditor, approve 2025 LTIP at RAVE annual meeting
Elected directors: Coleman, Hammett, Page, Schwarz; each >6.2M votes.
Rave reports Q1 net income up 22.6% to $0.6M; Pizza Inn domestic comps +8.1%
Net income of $0.6M ($0.05 diluted EPS) vs $0.5M ($0.04) in prior year.
Rave Restaurant fiscal 2025 net income $2.7M; Pizza Inn comps +6.3% Q4
Net income per share $0.19 for fiscal 2025, up from $0.17; Q4 EPS $0.06 flat.
Rave reports Q3 net income up 10.4% to $0.7M; EPS $0.05; Pizza Inn comps +2.5%
Net income $0.7M (+10.4% YoY); diluted EPS $0.05 vs $0.04.
Rave Q2 net income up 9.8% to $0.6M; revenue +4%; EPS flat at $0.04
Net income $0.6M (+9.8% YoY); adjusted EBITDA $0.8M (+51%).
Rave Restaurant shareholders approve 1-for-1,000 reverse then 1,000-for-1 forward stock split
Director elections: all four nominees (Coleman, Hammett, Page, Schwarz) elected with majority votes.
Rave Restaurant Group Q1 net income up 36.3% to $0.5M; EPS $0.04, flat revenue $3.1M
Net income $0.5M, up 36.3% YoY; diluted EPS $0.04 up 33%.
Rave Restaurant Q4 net income $0.9M, EPS $0.06; FY net income $2.5M
Q4 net income $0.9M vs $0.6M YoY; diluted EPS $0.06 vs $0.04.
Rave Restaurant Q3 net income rises to $0.7M; comp sales slip at both brands
Net income $0.7M ($0.04 diluted EPS) vs $0.3M ($0.02) YoY; revenue flat at $3.0M.
Rave appoints Jay Rooney as CFO; adds 5 other executives to accelerate growth
Jay Rooney named CFO; base salary $225,000, discretionary bonus target 30%.
Rave Restaurant Group Q2 net income $0.6M, Pizza Inn comps +7.0% YoY
Net income of $0.6M vs $0.3M a year ago; diluted EPS $0.04, up from $0.02.
Rave Restaurant Group reports 2023 annual meeting results; directors re-elected, auditor ratified
Clinton J. Coleman re-elected director with 6,381,993 votes for, 147,424 withheld.
Rave Restaurant CFO Fendley resigns, effective Dec 1, 2023
CFO Clinton D. Fendley provided notice of resignation on Nov 20, 2023.
RAVE Q1 revenue $3.1M, net income $0.4M, Pizza Inn comps +6.8%, EPS $0.03
Revenue $3.1M (+$0.1M YoY); net income $0.4M (+$0.1M); diluted EPS $0.03 vs $0.02.
Rave Restaurant Group COO Michael F. Burns Jr. resigns, effective Oct 27, 2023
COO Michael F. Burns Jr. resigned on Oct 16, 2023; effective date Oct 27, 2023.
Rave Restaurant Q4 revenue $3.0M, EPS $0.04; FY23 comp sales +10.3%
Q4 total revenue $3.0M (+$0.2M YoY); net income $0.6M vs $6.8M prior year, which included $5.7M deferred tax asset.
Pizza Inn achieves second consecutive year of buffet unit growth; 5 new stores opened
Second straight year of positive net unit growth after 24-year decline; 5 new domestic buffet stores added.
RAVE Q3: Revenue $3.0M, Pizza Inn comps +15.6%, Pie Five +8.1%; net income $0.3M
Total revenue increased $0.4M to $3.0M; Pizza Inn domestic comparable store sales +15.6% YoY, Pie Five +8.1%.
Rave Restaurant Q2 net income $0.3M, revenue $2.9M, repurchased $3.6M stock
Net income of $0.3M ($0.02 diluted EPS) vs $0.5M a year ago; revenue $2.9M (+6.3% YoY).
Rave Restaurant Group dismisses Armanino LLP, engages Whitley Penn LLP as auditor
Armanino LLP dismissed as independent auditor effective January 9, 2023; engaged since July 14, 2020.
Rave Restaurant Group repurchases 2.25M shares from Hallmark Financial for $3.6M
Repurchased 2,246,086 shares at $1.60 per share, aggregate purchase price $3,593,738.
RAVE elects four directors, approves Say-on-Pay and auditor ratification
Directors elected: Coleman (6,052,555 for), Hammett (6,023,807), Page (6,051,575), Schwarz (5,731,618).
Rave Restaurant Q1 fiscal 2023: revenue up 17.7% to $3.0M, net income flat at $0.3M
Net income of $0.3M ($0.02 diluted EPS) unchanged YoY; total revenue $3.0M, +17.7%.
Q4 net income of $6.8M ($0.38 diluted EPS) vs. $0.9M ($0.05) a year ago; full-year net income $8.0M ($0.45).
Rave Restaurant Group regains Nasdaq minimum bid price compliance
Received Nasdaq deficiency notice on June 21, 2022 for bid price below $1.00 for 30 consecutive days.
Rave Restaurant Group: Pizza Inn buffet count up first time since 1998; net gain of 2 stores
Net gain of two domestic buffet stores in fiscal 2022, first annual increase since 1998.
Rave Restaurant Group receives Nasdaq notice for minimum bid price non-compliance
Nasdaq notified Rave on June 21, 2022, that its stock failed to maintain minimum $1.00 bid price for 30 consecutive business days.
RAVE Q3 net income $0.5M, EPS $0.03; same-store sales +22.8% at Pizza Inn
Net income of $0.5 million vs $0.4 million a year ago; diluted EPS $0.03 vs $0.02.
RAVE Restaurant Group extinguishes $1.6M convertible notes due 2022 in cash
Paid $1.6 million in cash at maturity on February 15, 2022 for 4% Convertible Senior Notes due 2022.
Rave Restaurant Q2 net income $457K, up 348% YoY; revenue $2.7M, +26.7%
Net income of $457K vs $102K a year ago; diluted EPS $0.02 vs $0.01.
All four director nominees (Clinton Coleman, William Hammett, Robert Page, Mark Schwarz) elected with >95% of votes cast in favor.
Rave Restaurant Q1 net income rises to $285K; comp sales +18-25%
Net income of $285K ($0.02 diluted EPS) vs $76K ($0.00) a year ago; sixth consecutive profitable quarter.
RAVE Q4 net income $926K, revenue up to $2.4M, Pizza Inn comps +63%
Net income $926K vs $31K prior year; EPS $0.05 diluted; revenue $2.4M (+$0.8M YoY).
On March 25, 2024, Rave Restaurant Group, Inc. (the “ Company ”) engaged Mr. Jay Rooney as the Company’s Chief Financial Officer to serve as its “principal financial officer” and “principal accounting officer,”
On November 20, 2023, Rave Restaurant Group, Inc.’s Chief Financial Officer, Mr. Clinton D. Fendley, provided notice of his resignation, effective as of December 1, 2023.
On October 16, 2023, Rave Restaurant Group, Inc.’s Chief Operating Officer, Mr. Michael F. Burns Jr., provided notice of his resignation, effective as of October 27, 2023.
Max materiality 0.80 · Median 0.57 · Most common event earnings