RAVE

Shares of Rave Restaurant Group, Inc. RAVE have gained 0.8% since the company reported earnings for the quarter ended March 29, 2026, compared with the S&P 500 Index’s 1.1% growth over the same period. Over the past month, the stock rallied 13.9%, outperforming the S&P 500’s 6.8% gain. Rave Restaurant reported third-quarter fiscal 2026 net income of $0.8 million, up 10.8% from $0.7 million in the year-ago quarter. Diluted earnings per share increased to 6 cents from 5 cents a year earlier. Total revenue rose 8.7% year over year to $3.2 million from $2.9 million, driven primarily by higher Pizza Inn franchise revenue and supplier incentive income. Income before taxes climbed 11.1% to $1.1 million from $0.9 million. Within RAVE’s segments, Pizza Inn franchise revenues increased 12.2% to $2.9 million from $2.7 million, while Pie Five franchise revenues declined 20.1% to $0.2 million from $0.3 million. Pizza Inn remained Rave Restaurant’s strongest brand during the quarter. Domestic comparable store retail sales for Pizza Inn increased 2.3%, while total domestic retail sales rose 7.2% to $28.4 million from $26.5 million. Growth was supported by an increase in average buffet unit count and improved same-store sales. Buffet units open during the period increased to 82 from 77 in the prior-year quarter. RAVE ended the quarter with 97 domestic Pizza Inn units, including 82 buffet restaurants and 18 international locations. During the first nine months of fiscal 2026, the company opened five domestic Pizza Inn units and two international units. Management said Pizza Inn has 13 restaurants under contract to open within the next three quarters, including five currently under construction. By contrast, Pie Five continued to face headwinds. Comparable store retail sales for Pie Five declined 11.6% in the quarter, while total domestic retail sales fell 24.1% to $2.1 million from $2.7 million. The decline reflected lower average unit count and weaker comparable store performance. RAVE closed two Pie Five units during the quarter, ending with 14 domestic locations. Rave Restaurant Group, Inc. price-consensus-eps-surprise-chart | Rave Restaurant Group, Inc. Quote Operating income increased 11.9% to $957,000 from $855,000 in the prior-year quarter as revenue growth outpaced expense increases. General and administrative expenses rose 11.8% to $1.5 million from $1.3 million, largely due to higher salaries, additional franchise sales personnel and increased travel tied to new store development activity. Franchise expenses declined 2.7% to $0.7 million from $0.8 million. Interest income rose 16.7% to $98,000 from $84,000, supported by higher balances invested in U.S. Treasury bills. Cash and short-term investments totaled $12 million at quarter-end compared with $9.9 million at the end of fiscal 2025. Adjusted EBITDA improved 16.4% to $1.1 million from $0.9 million in the prior-year quarter, benefiting from higher franchise royalties and supplier incentive revenues. Chief Executive Officer Brandon Solano highlighted Pizza Inn’s resilience despite industrywide softness and weather-related disruptions during January. Solano said severe weather had an estimated 3.3% negative impact on same-store sales during the quarter, yet Pizza Inn still achieved positive comparable sales growth. He also pointed to opportunities arising from restaurant closures by competing pizza chains, which could create favorable real estate availability for future Pizza Inn expansion. Management also emphasized menu innovation efforts, including limited-time offerings such as the Spam Luau pizza, Peeps Pizzert and Chick’le Ranch pizza, aimed at driving customer traffic. Rave Restaurant said it ended its third-party delivery relationship with Uber Eats after the provider increased fees, a move management said was intended to protect franchisee profitability. Chief Financial Officer Jay Rooney said RAVE’s stronger profitability reflected both new store growth and same-store sales gains. Rooney added that the company is investing in Pizza Inn expansion through additional franchise sales staff and a newly hired Director of Construction to accelerate development activity. Management stated that current cash balances and operating cash flow are expected to be sufficient to fund operations for at least the next 12 months. Operating cash flow for the first nine months of fiscal 2026 totaled $2.1 million compared with $2.2 million. While Rave Restaurant did not provide formal financial guidance, management said it expects both domestic and international Pizza Inn unit counts to increase modestly in future periods, while Pie Five unit counts are expected to decline modestly. Rave Restaurant disclosed that the remaining two ghost kitchen locations were closed during the fiscal second quarter through agreements with franchisees. The company stated it may revisit ghost kitchens in the future, but currently has no operating ghost kitchen units. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rave Restaurant Group, Inc. (RAVE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DALLAS, May 07, 2026 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the third quarter of fiscal 2026 ended March 29, 2026. Third Quarter Highlights: The Company recorded net income of $0.8 million for the third quarter of fiscal 2026, a 10.8% increase from the same period of the prior year. Income before taxes increased by 11.1% to $1.1 million for the third quarter of fiscal 2026 compared to the same period of the prior year. Total revenue increased by $0.3 million to $3.2 million for the third quarter of fiscal 2026 compared to the same period of the prior year, an 8.7% increase. Adjusted EBITDA increased by $0.2 million to $1.1 million for the third quarter of fiscal 2026 compared to the same period of the prior year, a 16.4% increase. On a fully diluted basis, net income per share increased by $0.01 to $0.06 for the third quarter of fiscal 2026 compared to $0.05 in the same period of the prior year. Pizza Inn domestic comparable store retail sales increased 2.3% in the third quarter of fiscal 2026 compared to the same period of the prior year. Pie Five domestic comparable store retail sales decreased 11.6% in the third quarter of fiscal 2026 compared to the same period of the prior year. Cash and short-term investments totaled $12.0 million on March 29, 2026. Pizza Inn domestic unit count finished the quarter at 97, including 82 buffet locations. Pizza Inn international unit count finished the quarter at 18. Pie Five domestic unit count finished the quarter at 14. “I am proud of the efforts and results delivered by our franchisees and team members in driving both sales and profits in the third quarter,” said Brandon Solano, Chief Executive Officer of RAVE Restaurant Group, Inc. “During a quarter that saw the overall restaurant industry, and pizza competitors specifically, struggle with a tough sales environment, Pizza Inn posted positive 2.3% same store sales growth compared to the prior year third quarter in the face of significant January weather headwinds that had an estimated negative 3.3% same store sales impact to the quarter," continued Solano. “While other national pizza chains have announced they plan to close hundreds of locations, Pizza Inn has opened four new restaurants this fiscal year and has thirteen total restaurants currently under contract to open within the next three quarters including five restaurants currently under construction. Pizza Inn looks at other pizza brand restaurant closures as an opportunity to not only gain market share but also to bring America’s hometown buffet to more communities as more restaurant real estate becomes available with competitor closures.” Solano added, “We continued to innovate our menu to drive customers into our franchise locations. Limited time offers such as the Spam Luau pizza and Peeps Pizzert at Pizza Inn and the Chick’le Ranch pizza at Pie Five gave our guests something new to try during the third quarter and our Pizza Inn buffet franchise partners reported the new offerings were quickly consumed when put on the buffet. While our top line continues to grow, we are very focused on the bottom line of our franchisee’s businesses as we know we are only as strong as our franchise system. We continue to monitor and partner with our franchisees on their financial health and made the decision to end our third party delivery relationship with Uber Eats after they announced a sharp increase in their fees in the third quarter. Protecting the profitability of our franchisees is not only our duty, but also paramount to growth.” Chief Financial Officer Jay Rooney added, “We are pleased with the third quarter financial results. Pre-tax profits increased by over eleven percent from the same quarter in the prior year, driven by quality earnings from both new and same store sales outpacing the G&A increase over the prior year. The G&A increase is reflective of the investment Rave is making to grow the Pizza Inn brand with new buffet locations. During the quarter we added a second franchise salesperson and saw an increase in travel expenses related to approving and developing new restaurant sites. And early in the fourth quarter Rave added a Director of Construction to accelerate location count growth. Our present solid financial footing is affording us the opportunity to invest in future store growth.” Non-GAAP Financial Measures The Company’s financial statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”). However, the Company also presents and discusses certain non-GAAP financial measures that it believes are useful to investors as measures of operating performance. Management may also use such non-GAAP financial measures in evaluating the effectiveness of business strategies and for planning and budgeting purposes. However, these non-GAAP financial measures should not be viewed as an alternative or substitute for its financial statements prepared in accordance with generally accepted accounting principles. The Company considers EBITDA and Adjusted EBITDA to be important supplemental measures of operating performance that are commonly used by securities analysts, investors and other parties interested in our industry. The Company believes that EBITDA is helpful to investors in evaluating its results of operations without the impact of expenses affected by financing methods, accounting methods and the tax environment. The Company believes that Adjusted EBITDA provides additional useful information to investors by excluding non-operational or non-recurring expenses to provide a measure of operating performance that is more comparable from period to period. Management also uses these non-GAAP financial measures for evaluating operating performance, assessing the effectiveness of business strategies, projecting future capital needs, budgeting and other planning purposes. “EBITDA” represents earnings before interest, taxes, depreciation and amortization. “Adjusted EBITDA” represents earnings before interest, taxes, depreciation and amortization, stock compensation expense, severance, gain/loss on sale of assets, costs related to impairment and other lease charges, franchise default and closed store revenue/expense, and closed and non-operating store costs. A reconciliation of these non-GAAP financial measures to net income is included with the accompanying consolidated financial statements. Note Regarding Forward Looking Statements Certain statements in this press release, other than historical information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created thereby. These forward-looking statements are based on current expectations that involve numerous risks, uncertainties and assumptions. Assumptions relating to these forward-looking statements involve current judgments about future events and performance, including statements regarding our optimism that current positive trends will continue, our ability to continue to successfully open new restaurant locations, our belief that we are well positioned for continued profitability as well as the continued returns on our reimaging initiatives, the strength of our development pipeline, as well as future economic, competitive and market conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of RAVE Restaurant Group, Inc. Although the assumptions underlying these forward-looking statements are believed to be reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that any forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of such information should not be regarded as a representation that the objectives and plans of RAVE Restaurant Group, Inc. will be achieved. About RAVE Restaurant Group, Inc. Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] has inspired restaurant innovation and countless customer smiles with its trailblazing pizza concepts. The Company franchises, licenses and supplies Pie Five and Pizza Inn restaurants operating domestically and internationally. The Pizza Inn experience is unlike your typical buffet. Since 1958, Pizza Inn's house-made dough, house-shredded 100% whole milk mozzarella cheese, fresh ingredients and house-made signature sauce combined with friendly service solidified the brand to become America's favorite hometown pizza place. These, in addition to its small-town vibe, are the hallmarks of Pizza Inn restaurants. In 2011, RAVE introduced Pie Five Pizza, pioneering a fast-casual pizza brand that transformed the classic pizzeria into a concept offering personalization, sophisticated ingredients and speed. Pie Five's craft pizzas are baked fresh daily and feature house-made ingredients, creative recipes and craveable crust creations. For more information, visit www.raverg.com, and follow on Instagram @pizzainn and @piefivepizza. Contact: Investor Relations RAVE Restaurant Group, Inc. 469-384-5000

Shares of Rave Restaurant Group, Inc. RAVE have gained 6.4% since the company reported its earnings for the quarter ended Dec. 28, 2025. This compares to the S&P 500 Index’s 0.3% growth over the same time frame. Over the past month, the stock gained 8.8% against the S&P 500’s 0.9% decline. For the second quarter of fiscal 2026, RAVE reported total revenues of $3 million, up 6% from $2.9 million in the prior-year quarter. Net income rose 4.9% year over year to $0.64 million from $0.61 million. On a diluted basis, earnings per share were unchanged at $0.04 compared with the year-ago period. Income before taxes increased 12.1% to $0.84 million from $0.75 million, reflecting improved operating leverage. By segment, Pizza Inn comparable domestic store retail sales increased 2.5% in the quarter, while Pie Five comparable domestic store retail sales declined 1.5%, underscoring divergent brand performance. Pizza Inn remained the primary growth driver. Domestic retail sales for the brand rose 4.1% year over year to $26.9 million in the quarter from $25.9 million. Comparable store retail sales increased 2.5%, supported by a higher average buffet unit count. Franchise and license revenues for Pizza Inn increased 10.5% in the quarter, driven by higher supplier and distributor incentives and domestic royalties. In contrast, Pie Five continued to face headwinds. Domestic retail sales fell 16.3% to $2.3 million from $2.7 million, reflecting both a lower average unit count and a 1.5% decline in comparable store retail sales. Franchise revenues for Pie Five declined 21.7% year over year in the quarter due to reduced royalties and supplier incentives tied to lower system-wide sales. Rave Restaurant Group, Inc. price-consensus-eps-surprise-chart | Rave Restaurant Group, Inc. Quote Operating income increased 11.7% to $0.74 million from $0.66 million in the prior-year quarter. Adjusted EBITDA rose 5.6% year over year to $0.9 million from $0.8 million. General and administrative expenses increased 15.6% in the quarter, primarily due to higher salaries and legal fees. However, franchise expenses declined 11.7% year over year, reflecting lower salaries directly related to franchise operations. Depreciation and amortization expense decreased 20.8% to $42,000 from $53,000. Interest income increased 4.6% to $91,000 from $87,000, primarily due to returns on U.S. Treasury bills and highlighting the benefit of Rave Restaurant’s liquidity position. RAVE ended the quarter with $10.9 million in cash and short-term investments. The balance sheet showed no debt and total shareholders’ equity of $15.5 million as of Dec. 28, 2025. Management indicated that cash on hand and operating cash flow are expected to be sufficient to fund operations for at least the next 12 months. For the first six months of fiscal 2026, cash provided by operating activities totaled $0.9 million, compared with $1.2 million in the prior-year period, with the decrease largely attributed to higher prepaid expenses. Chief Executive Officer Brandon Solano noted that the second quarter marked Rave Restaurant’s 23rd consecutive quarter of profitability, underscoring continued execution of its “Mission 2030” strategy. Solano highlighted the opening of three new Pizza Inn buffet restaurants during the quarter — all within a three-week span — describing the milestone as evidence that the company’s development, training and operations teams are capable of scaling new restaurant openings more efficiently. Solano acknowledged broader industry pressures, including sluggish growth and traffic challenges, but pointed to Pizza Inn’s continued positive same-store sales performance as a differentiator. Chief Financial Officer Jay Rooney added that fiscal second-quarter results were driven by improved sales at Pizza Inn, while noting that Pie Five comparable sales, although improved from prior trends, remained negative. Solano emphasized that the company’s balance sheet remains strong, with no debt and high liquidity, positioning RAVE for future stability and growth. Looking ahead, management expects Pizza Inn to continue benefiting from unit expansion and sustained comparable store sales momentum. Rave Restaurant believes domestic and international Pizza Inn unit counts will increase modestly in future periods, supported by the development pipeline and recent execution capabilities. For Pie Five, management anticipates modest unit declines in the near term as it works to reposition the brand. Efforts remain focused on improving performance through advertising, product innovation, operational efficiencies and pricing initiatives. During the quarter, Pizza Inn domestic unit count finished at 97 locations, including 82 buffet units, with three new buffet openings and no buffet closures. Pizza Inn international units totaled 19, while Pie Five domestic units ended the quarter at 16. RAVE also closed its remaining ghost kitchen locations during the quarter, reflecting continued streamlining of the brand portfolio. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rave Restaurant Group, Inc. (RAVE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DALLAS, Feb. 05, 2026 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the second quarter of fiscal 2026 ended December 28, 2025. Second Quarter Highlights: The Company recorded net income of $0.6 million for the second quarter of fiscal 2026, a 4.9% increase from the same period of the prior year. Income before taxes increased by 12.1% to $0.8 million for the second quarter of fiscal 2026 compared to the same period of the prior year. Total revenue increased by $0.2 million to $3.0 million for the second quarter of fiscal 2026 compared to the same period of the prior year, a 6.0% increase. Adjusted EBITDA increased by $0.1 million to $0.9 million for the second quarter of fiscal 2026 compared to the same period of the prior year, a 5.3% increase. On a fully diluted basis, net income per share was $0.04 for the second quarter of fiscal 2026, the same as it was in the same period of the prior year. Pizza Inn domestic comparable store retail sales increased 2.5% in the second quarter of fiscal 2026 compared to the same period of the prior year. Pie Five domestic comparable store retail sales decreased 1.5% in the second quarter of fiscal 2026 compared to the same period of the prior year. Cash and short-term investments totaled $10.9 million on December 28, 2025. Pizza Inn domestic unit count finished the quarter at 97, including 82 buffet locations. There were three new buffet openings and no buffet closures during the second quarter. Pizza Inn international unit count finished the quarter at 19. Pie Five domestic unit count finished the quarter at 16. “Quarter Two represented our 23rd consecutive quarter of profitability as we continue to execute on our Mission 2030 strategy delivering profitable growth,” said Brandon Solano, Chief Executive Officer of RAVE Restaurant Group, Inc. “We opened three new Pizza Inn buffet restaurants in the second quarter demonstrating the commitment Rave has made in growing the Pizza Inn buffets is bearing fruit," continued Solano. “Excellent planning and execution from our Development, Training, and Operations teams allowed the three successful openings to occur over a three-week period, something that Pizza Inn hasn’t done in over 20 years, giving me confidence that we will be able to open restaurants at scale in the future." Solano added, “While the restaurant industry on a whole faces sluggish growth and pressure on sales and traffic, Pizza Inn continues to grow both unit count and same store sales. We followed positive 8.1 percent domestic same store sales growth in the first quarter with positive 2.5 percent domestic same store sales growth in the second quarter. We are continuing to aggressively compete for every guest in the third quarter with over half of the Pizza Inn buffet restaurants running our widely successful All You Can $8 value driven promotion, that was formerly known as I $8 at Pizza Inn, in January with some restaurants signed up to continue later into the quarter.” Chief Financial Officer Jay Rooney added, “We are pleased with the financial position Rave is in after stellar quarter two results driven by quality earnings from the sales increase at Pizza Inn. Pie Five same store sales improved from their trend but were still negative. While the impact of Pie Five on overall Rave results continues to decrease, the Rave management team is dedicated improving the brand’s performance with the introduction of new advertising, product innovation, operational efficiency, and pricing initiatives. The continued profitability of both brands has created a solid Rave balance sheet with no debt and high liquidity thus well positioning us for the future.” Non-GAAP Financial Measures The Company’s financial statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”). However, the Company also presents and discusses certain non-GAAP financial measures that it believes are useful to investors as measures of operating performance. Management may also use such non-GAAP financial measures in evaluating the effectiveness of business strategies and for planning and budgeting purposes. However, these non-GAAP financial measures should not be viewed as an alternative or substitute for its financial statements prepared in accordance with generally accepted accounting principles. The Company considers EBITDA and Adjusted EBITDA to be important supplemental measures of operating performance that are commonly used by securities analysts, investors and other parties interested in our industry. The Company believes that EBITDA is helpful to investors in evaluating its results of operations without the impact of expenses affected by financing methods, accounting methods and the tax environment. The Company believes that Adjusted EBITDA provides additional useful information to investors by excluding non-operational or non-recurring expenses to provide a measure of operating performance that is more comparable from period to period. Management also uses these non-GAAP financial measures for evaluating operating performance, assessing the effectiveness of business strategies, projecting future capital needs, budgeting and other planning purposes. “EBITDA” represents earnings before interest, taxes, depreciation and amortization. “Adjusted EBITDA” represents earnings before interest, taxes, depreciation and amortization, stock compensation expense, severance, gain/loss on sale of assets, costs related to impairment and other lease charges, franchise default and closed store revenue/expense, and closed and non-operating store costs. A reconciliation of these non-GAAP financial measures to net income is included with the accompanying consolidated financial statements. Note Regarding Forward Looking Statements Certain statements in this press release, other than historical information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created thereby. These forward-looking statements are based on current expectations that involve numerous risks, uncertainties and assumptions. Assumptions relating to these forward-looking statements involve current judgments about future events and performance, including statements regarding our optimism that current positive trends will continue, our ability to continue to successfully open new restaurant locations, our belief that we are well positioned for continued profitability as well as the continued returns on our reimaging initiatives, the strength of our development pipeline, as well as future economic, competitive and market conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of RAVE Restaurant Group, Inc. Although the assumptions underlying these forward-looking statements are believed to be reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that any forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of such information should not be regarded as a representation that the objectives and plans of RAVE Restaurant Group, Inc. will be achieved. About RAVE Restaurant Group, Inc. Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] has inspired restaurant innovation and countless customer smiles with its trailblazing pizza concepts. The Company franchises, licenses and supplies Pie Five and Pizza Inn restaurants operating domestically and internationally. The Pizza Inn experience is unlike your typical buffet. Since 1958, Pizza Inn's house-made dough, house-shredded 100% whole milk mozzarella cheese, fresh ingredients and house-made signature sauce combined with friendly service solidified the brand to become America's favorite hometown pizza place. These, in addition to its small-town vibe, are the hallmarks of Pizza Inn restaurants. In 2011, RAVE introduced Pie Five Pizza, pioneering a fast-casual pizza brand that transformed the classic pizzeria into a concept offering personalization, sophisticated ingredients and speed. Pie Five's craft pizzas are baked fresh daily and feature house-made ingredients, creative recipes and craveable crust creations. For more information, visit www.raverg.com, and follow on Instagram @pizzainn and @piefivepizza. Contact: Investor Relations RAVE Restaurant Group, Inc. 469-384-5000

Shares of Rave Restaurant Group, Inc. RAVE have gained 20.6% since the company released results for the quarter ended Sept. 28, 2025, far outpacing the S&P 500’s 0.8% gain over the same period. Over the past month, however, the stock’s momentum moderated, rising 3.5%, slightly lagging the S&P 500’s 3.6% increase. Rave Restaurant posted solid year-over-year growth across several key financial metrics for the first quarter of fiscal 2026. Revenue rose 5.3% to $3.2 million from $3.1 million a year earlier, supported by stronger supplier incentives and higher domestic royalties at Pizza Inn. Net income increased 22.6% to $0.6 million from $0.5 million a year earlier, while diluted earnings per share improved a penny to $0.05 from $0.04. Operating income jumped 23.5% to $0.8 million from $0.6 million a year earlier, aided by a slight reduction in general and administrative expense. Segment performance diverged meaningfully. Pizza Inn franchise revenue increased 9.4% driven by higher domestic royalties and broader system-wide retail sales, but Pie Five franchise revenues declined 22.7%, pressured by lower unit count and softer comparable sales. Pizza Inn domestic comparable store retail sales increased 8.1% year over year, while Pie Five domestic comparable store retail sales declined 9.1% year over year, reflecting ongoing weakness at the latter brand. RAVE continued its streak of profitability, marking its 22nd consecutive profitable quarter, according to management. Pizza Inn remained the primary growth engine. Total domestic retail sales for the brand increased 10.2% year over year, supported by stable average unit counts and strong traffic from promotional activity. Meanwhile, Pie Five saw an 18.7% decline in domestic retail sales, driven by a lower store count and softer comparable sales. Unit counts were largely steady during the quarter: Pizza Inn ended with 96 domestic units and 20 international units, while Pie Five maintained 17 domestic units. Adjusted EBITDA rose to $0.8 million, up 15.3% from the prior year’s $0.7 million, reflecting improved operating leverage. Rave Restaurant also strengthened its liquidity position, with cash and short-term investments totaling $10.6 million at quarter-end compared with $9.9 million as of June 29, 2025. Rave Restaurant Group, Inc. price-consensus-eps-surprise-chart | Rave Restaurant Group, Inc. Quote CEO Brandon Solano emphasized the success of the Pizza Inn value-oriented “I$8” promotion, which continued to gain traction among franchisees. Per management, 12 restaurants carried the promotion into the quarter and two more joined during the period, with further expansion planned for January 2026 to boost post-holiday traffic. Solano also highlighted the brand’s development momentum, noting the opening of one new buffet restaurant in North Texas and preparations for multiple second-quarter openings. CFO Jay Rooney pointed to strong expense discipline and robust same-store performance at Pizza Inn as key contributors to the quarter’s earnings growth. Rooney also underscored RAVE’s strengthening balance sheet, with increased cash generation from operations. The results were shaped primarily by contrasting brand trajectories. Pizza Inn benefited from strong promotional execution, steady unit economics and resilient customer demand for value offerings. Supplier and distributor incentive revenue also contributed to the overall revenue increase, rising 6.9% to $1.3 million from $1.2 million a year earlier. Conversely, Pie Five continued to face pressure from reduced store counts and declining customer traffic. Comparable store retail sales for the brand fell 9.1% to $2.4 million from $2.6 million. RAVE benefited from interest income as well, particularly due to higher average balances in U.S. Treasury bills, which increased interest income to $91,000 from $82,000 a year earlier. Cost trends were stable across the organization. General and administrative expenses decreased 2.9% in first-quarter fiscal 2026, while franchise expenses rose 4.2% in the fiscal first quarter due to higher advertising costs. Credit-loss provisions shifted to a $4,000 expense from a recovery the prior year, but the impact was immaterial overall. Rave Restaurant did not provide financial guidance for future quarters. Management commentary, however, indicated expectations for moderate unit growth at Pizza Inn and modest declines at Pie Five in the upcoming periods. RAVE did not report any acquisitions, divestitures or restructuring actions during the quarter. Additionally, there were no notable corporate changes involving directors or officers, such as the adoption or termination of trading plans, and no other significant operational or strategic developments were disclosed for the period. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rave Restaurant Group, Inc. (RAVE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DALLAS, Nov. 06, 2025 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the first quarter of fiscal 2026 ended September 28, 2025. First Quarter Highlights: The Company recorded net income of $0.6 million for the first quarter of fiscal 2026, a 22.6% increase from the same period of the prior year. Income before taxes increased by 22.4% to $0.9 million for the first quarter of fiscal 2026 compared to the same period of the prior year. Total revenue increased by $0.1 million to $3.2 million for the first quarter of fiscal 2026 compared to the same period of the prior year, a 5.3% increase. Adjusted EBITDA increased by $0.1 million to $0.8 million for the first quarter of fiscal 2026 compared to the same period of the prior year, a 15.3% increase. On a fully diluted basis, net income per share increased by $0.01 to $0.05 for the first quarter of fiscal 2026 compared to $0.04 in the same period of the prior year. Pizza Inn domestic comparable store retail sales increased 8.1% in the first quarter of fiscal 2026 compared to the same period of the prior year. Pie Five domestic comparable store retail sales decreased 9.1% in the first quarter of fiscal 2026 compared to the same period of the prior year. Cash and short-term investments totaled $10.6 million on September 28, 2025. Pizza Inn domestic unit count finished the quarter at 96. Pizza Inn international unit count finished the quarter at 20. Pie Five domestic unit count finished the quarter at 17. “Quarter One represented our 22nd consecutive quarter of profitability as we continue to deliver profitable operating results,” said Brandon Solano, Chief Executive Officer of RAVE Restaurant Group, Inc. “I am proud of how flawlessly our team and franchise partners delivered both on our value strategy of I$8 at Pizza Inn and the Best Salad Bar in Town with house-made ranch dressing promotion in the first quarter and am even further impressed with the achieved results," continued Solano. “Twelve restaurants continued the I$8 promotion from the fourth quarter through the start the first quarter and two more joined during the quarter. We plan on adding even more restaurants to the I$8 promotion in January with a supported media campaign to drive post-holiday traffic in a month where consumers gravitate to value offerings as an increased number of franchisees have seen the benefit of the promotion that drives traffic while maintaining margin. We are pleased to be able to present the offer to even more Pizza Inn guests in the future." Solano added, “While 8.1 percent domestic same store sales growth in the first quarter was spectacular, we are also starting to see the fruits of our development team’s efforts to build new store sales at Pizza Inn. We opened one buffet restaurant in North Texas in the first quarter which readied the construction and training teams for the multiple openings we have currently scheduled for the second quarter. We believe the groundwork is in place for Pizza Inn to increase net buffet store count for the fifth consecutive year.” Chief Financial Officer Jay Rooney added, “Comparable store sales growth in the first quarter at Pizza Inn along with disciplined management of corporate expenses delivered a quality earnings increase from the prior year first quarter. Q1 operating income increasing by 23.5% year-over-year is a great way to start the fiscal year. Increased cash from operations has helped build our cash and short-term investment balance to over $10.5 million, further strengthening our balance sheet.” Non-GAAP Financial Measures The Company’s financial statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”). However, the Company also presents and discusses certain non-GAAP financial measures that it believes are useful to investors as measures of operating performance. Management may also use such non-GAAP financial measures in evaluating the effectiveness of business strategies and for planning and budgeting purposes. However, these non-GAAP financial measures should not be viewed as an alternative or substitute for its financial statements prepared in accordance with generally accepted accounting principles. The Company considers EBITDA and Adjusted EBITDA to be important supplemental measures of operating performance that are commonly used by securities analysts, investors and other parties interested in our industry. The Company believes that EBITDA is helpful to investors in evaluating its results of operations without the impact of expenses affected by financing methods, accounting methods and the tax environment. The Company believes that Adjusted EBITDA provides additional useful information to investors by excluding non-operational or non-recurring expenses to provide a measure of operating performance that is more comparable from period to period. Management also uses these non-GAAP financial measures for evaluating operating performance, assessing the effectiveness of business strategies, projecting future capital needs, budgeting and other planning purposes. “EBITDA” represents earnings before interest, taxes, depreciation and amortization. “Adjusted EBITDA” represents earnings before interest, taxes, depreciation and amortization, stock compensation expense, severance, gain/loss on sale of assets, costs related to impairment and other lease charges, franchise default and closed store revenue/expense, and closed and non-operating store costs. A reconciliation of these non-GAAP financial measures to net income is included with the accompanying consolidated financial statements. Note Regarding Forward Looking Statements Certain statements in this press release, other than historical information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created thereby. These forward-looking statements are based on current expectations that involve numerous risks, uncertainties and assumptions. Assumptions relating to these forward-looking statements involve judgments with respect to, among other things, the effectiveness of our cost cutting measures, the timing to complete as well as the continued returns on our reimaging initiatives, the strength of our development pipeline, as well as future economic, competitive and market conditions, regulatory framework and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of RAVE Restaurant Group, Inc. Although the assumptions underlying these forward-looking statements are believed to be reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that any forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of such information should not be regarded as a representation that the objectives and plans of RAVE Restaurant Group, Inc. will be achieved. About RAVE Restaurant Group, Inc. Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] has inspired restaurant innovation and countless customer smiles with its trailblazing pizza concepts. The Company franchises, licenses and supplies Pie Five and Pizza Inn restaurants operating domestically and internationally. The Pizza Inn experience is unlike your typical buffet. Since 1958, Pizza Inn's house-made dough, house-shredded 100% whole milk mozzarella cheese, fresh ingredients and house-made signature sauce combined with friendly service solidified the brand to become America's favorite hometown pizza place. These, in addition to its small-town vibe, are the hallmarks of Pizza Inn restaurants. In 2011, RAVE introduced Pie Five Pizza, pioneering a fast-casual pizza brand that transformed the classic pizzeria into a concept offering personalization, sophisticated ingredients and speed. Pie Five's craft pizzas are baked fresh daily and feature house-made ingredients, creative recipes and craveable crust creations. For more information, visit www.raverg.com, and follow on Instagram @pizzainn and @piefivepizza. Contact: Investor Relations RAVE Restaurant Group, Inc. 469-384-5000

Shares of Rave Restaurant Group, Inc. RAVE have lost 9.4% since the company reported earnings for the quarter ended June 29, 2025. This compares unfavorably with the S&P 500 Index’s 1% growth during the same period. Over the past month, RAVE’s shares have declined 2.4% against a 3.6% rise in the broader index. RAVE posted fourth-quarter fiscal 2025 net income of $0.8 million, down 3.6% year over year, while diluted earnings per share (EPS) remained flat at $0.06. Total revenues declined 6% to $3.2 million due largely to the quarter having 13 weeks versus 14 in the prior year. Adjusted EBITDA slipped 7.3% to $1.1 million. Segment-wise, Pizza Inn’s domestic comparable store sales advanced 6.3%, whereas Pie Five experienced a 7.2% decline. Unit counts were 96 Pizza Inn domestic restaurants, 22 international units and 17 Pie Five locations at quarter-end. For the full fiscal year, net income improved 9.3% to $2.7 million from $2.5 million, with EPS rising 11.8% to $0.19 from $0.17, but revenues fell 0.9% to $12 million from $12.2 million. Pizza Inn comparable sales grew 1.9% annually, while Pie Five sales contracted 8.4%. Rave Restaurant’s operating efficiency helped lift annual pre-tax income by 17.1% to $3.6 million in fiscal 2025 from $3.1 million in fiscal 2024, despite the one-week shorter fiscal year. Cash from operating activities rose to $3.4 million in fiscal 2025 from $2.8 million in fiscal 2024, reflecting stronger profitability and disciplined expense control. RAVE ended June 2025 with $2.9 million in cash and $7 million in short-term investments compared with $2.9 million and $4.9 million, respectively, at the end of June 2024, representing a notable liquidity buffer. Annual adjusted EBITDA was $3.6 million in fiscal 2025, up 13.5% from $3.2 million in fiscal 2024, highlighting underlying operational strength even in a challenging sales environment. Rave Restaurant Group, Inc. price-consensus-eps-surprise-chart | Rave Restaurant Group, Inc. Quote CEO Brandon Solano highlighted the success of the “I ate at Pizza Inn” $8 value promotion, which delivered a 30.6% sales lift and a 34.7% traffic increase for participating restaurants during the final eight weeks of the quarter. Nearly all pilot locations extended the promotion into fiscal 2026, with more units expected to adopt it. Solano emphasized that Pizza Inn achieved net buffet store growth for the fourth consecutive year, supported by a pipeline of 31 new domestic stores under contract, including 12 slated for fiscal 2026. International expansion also progressed, with new openings in Egypt and Saudi Arabia. CFO Jay Rooney credited cost discipline and Pizza Inn’s strong performance for Rave Restaurant’s 6.3% comparable store sales growth in the fiscal fourth quarter and the notable 17.1% increase in annual pre-tax income. He underscored the team’s operational execution as key to sustaining profitability. The annual revenue decline was partly due to the structural calendar shift (53 weeks in fiscal 2024 versus 52 in fiscal 2025) and weakness at Pie Five. While Pizza Inn continues to be the growth driver, Pie Five’s persistent sales erosion remains a headwind. Nonetheless, promotions and reimaging efforts at Pizza Inn are delivering tangible traffic and sales gains, mitigating some of the drag from Pie Five. RAVE did not issue formal financial guidance for fiscal 2026. However, management pointed to continued promotional expansion, domestic reimaging and international openings as growth levers. The strength of the new store pipeline and the success of value-focused initiatives suggest management’s optimism about sustaining profitability. During the quarter, Rave Restaurant opened new Pizza Inn buffets in North Carolina and Oklahoma, marking steady domestic expansion. Internationally, the company launched its first unit in Egypt and its eighth in Saudi Arabia, underscoring its commitment to diversifying growth beyond the United States. RAVE also completed 11 Pizza Inn reimaging projects, which management noted have delivered consistently positive results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rave Restaurant Group, Inc. (RAVE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

DALLAS, Sept. 25, 2025 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the fourth quarter and fiscal year ended June 29, 2025. Fourth Quarter Highlights: The current year fourth quarter had 13 weeks but the same quarter in the prior year had 14 weeks. The Company recorded net income of $0.8 million for the fourth quarter of fiscal 2025, a 3.6% decrease from the same period of the prior year. Income before taxes increased by 3.8% to $1.2 million for the fourth quarter of fiscal 2025 compared to the same period of the prior year. Total revenue decreased by $0.2 million to $3.2 million for the fourth quarter of fiscal 2025 compared to the same period of the prior year, a 6.0% decrease. Adjusted EBITDA decreased by $0.1 million to $1.1 million for the fourth quarter of fiscal 2025 compared to the same period of the prior year, a 7.3% decrease. On a fully diluted basis, net income per share was $0.06 for the fourth quarter of fiscal 2025, the same as it was in the same period of the prior year. Pizza Inn domestic comparable store retail sales increased 6.3% in the fourth quarter of fiscal 2025 compared to the same period of the prior year on a 13-week vs 13-week comparable basis. Pie Five domestic comparable store retail sales decreased 7.2% in the fourth quarter of fiscal 2025 compared to the same period of the prior year on a 13-week vs 13-week comparable basis. Cash and cash equivalents were $2.9 million on June 29, 2025. Short-term investments were $7.0 million on June 29, 2025. Pizza Inn domestic unit count finished the quarter at 96. Pizza Inn international unit count finished the quarter at 22. Pie Five domestic unit count finished the quarter at 17. Annual Highlights: Pizza Inn buffet restaurant count increased by net one restaurant marking the fourth consecutive year of buffet unit count growth. The current fiscal year had 52 weeks whereas the prior fiscal year had 53 weeks. Net income increased by $0.2 million to $2.7 million in fiscal 2025 compared to net income of $2.5 million for fiscal 2024. Income before taxes increased by $0.5 million to $3.6 million in fiscal 2025 compared to $3.1 million in fiscal 2024. Total revenue decreased by $0.1 million from fiscal 2024 to a total of $12.0 million for fiscal 2025. Adjusted EBITDA of $3.6 million for fiscal 2025 was a $0.4 million increase from the prior year. On a fully diluted basis, the Company reported net income of $0.19 per share in fiscal 2025 compared to $0.17 per share in the prior year. RAVE total domestic comparable store retail sales increased 0.8% for the year ended June 29, 2025 compared to the same period of the prior year. Pizza Inn domestic comparable store retail sales increased 1.9% for the year ended June 29, 2025 compared to the same period of the prior year. Pie Five domestic comparable store retail sales decreased 8.4% for the year ended June 29, 2025 compared to the same period of the prior year. To reflect comparable 53-week periods, week 53 of fiscal 2024 has been included in both periods in the presentation of retail sales, average units open and comparable store retail sales. Cash provided by operating activities increased by $0.6 million to $3.4 million in fiscal 2025 compared to $2.8 million in fiscal 2024. Cash and short-term investments increased $2.1 million during fiscal 2025 to $9.9 million as of June 29, 2025. “Quarter Four represented our 21st consecutive quarter of profitability as we continue to deliver profitable operating results,” said Brandon Solano, Chief Executive Officer of RAVE Restaurant Group, Inc. “Thirteen restaurants had implemented the ‘I ate at Pizza Inn’ eight-dollar value promotion by midway through the fourth quarter and continued the offer into the new fiscal year with great success,” continued Solano. “The ‘I ate at Pizza Inn’ restaurants experienced a 30.6% year over year sales lift and a 34.7% traffic lift for the final eight weeks of the fourth quarter. Twelve of the thirteen restaurants continued the promotion through Q1 of fiscal 2026 and more restaurants are slated to add the promotion later in fiscal year 2026. We are excited to have unlocked a powerful value promotion that resonates with our guests and drives considerable traffic into our Pizza Inn restaurants. The offer allows guests to dine at our buffets for $8.00 excluding drink purchase all day on weekdays and is supported by in-market advertising. I am very proud of our Marketing team who created and delivered the promotion and our franchise partners for their flawless execution. The Pizza Inn stores that did not participate in the I$8 promotion instead ran a summer salad bar promotion and also had amazing sales results with same store sales growth of over 5%.” Solano added, “Coming off another solid fiscal year, one which saw Pizza Inn increase the net buffet store count for the fourth year in a row, the brand is poised for accelerated growth. We continue to build our Pizza Inn pipeline for both new and reimaged stores. We currently have completed eleven reimages and the reimage results continue to be very positive. We opened new Pizza Inn buffets in North Carolina and Oklahoma during the quarter. Our new domestic store pipeline has 31 total stores under contract with 12 under contract for our current fiscal year ending June 28, 2026. Internationally, we had a strong opening of our first Pizza Inn in Egypt and our eighth unit in Saudi Arabia opened in the fourth quarter.” Chief Financial Officer Jay Rooney added, “We continued to efficiently manage expenses throughout fiscal year 2025 and finished the year with positive 6.3% comparable store sales in the fourth quarter at Pizza Inn leading to a total annual pre-tax income increase of over 17 percent from the prior 53-week fiscal year. I am impressed by the efforts and results of the entire Rave team.” Non-GAAP Financial Measures The Company’s financial statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”). However, the Company also presents and discusses certain non-GAAP financial measures that it believes are useful to investors as measures of operating performance. Management may also use such non-GAAP financial measures in evaluating the effectiveness of business strategies and for planning and budgeting purposes. However, these non-GAAP financial measures should not be viewed as an alternative or substitute for its financial statements prepared in accordance with generally accepted accounting principles. The Company considers EBITDA and Adjusted EBITDA to be important supplemental measures of operating performance that are commonly used by securities analysts, investors and other parties interested in our industry. The Company believes that EBITDA is helpful to investors in evaluating its results of operations without the impact of expenses affected by financing methods, accounting methods and the tax environment. The Company believes that Adjusted EBITDA provides additional useful information to investors by excluding non-operational or non-recurring expenses to provide a measure of operating performance that is more comparable from period to period. Management also uses these non-GAAP financial measures for evaluating operating performance, assessing the effectiveness of business strategies, projecting future capital needs, budgeting and other planning purposes. “EBITDA” represents earnings before interest, taxes, depreciation and amortization. “Adjusted EBITDA” represents earnings before interest, taxes, depreciation and amortization, stock compensation expense, severance, gain/loss on sale of assets, costs related to impairment and other lease charges, franchise default and closed store revenue/expense, and closed and non-operating store costs. A reconciliation of these non-GAAP financial measures to net income is included with the accompanying consolidated financial statements. Note Regarding Forward Looking Statements Certain statements in this press release, other than historical information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created thereby. These forward-looking statements are based on current expectations that involve numerous risks, uncertainties and assumptions. Assumptions relating to these forward-looking statements involve judgments with respect to, among other things, the effectiveness of our cost cutting measures, the timing to complete as well as the continued returns on our reimaging initiatives, the strength of our development pipeline, as well as future economic, competitive and market conditions, regulatory framework and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of RAVE Restaurant Group, Inc. Although the assumptions underlying these forward-looking statements are believed to be reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that any forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of such information should not be regarded as a representation that the objectives and plans of RAVE Restaurant Group, Inc. will be achieved. About RAVE Restaurant Group, Inc. Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] has inspired restaurant innovation and countless customer smiles with its trailblazing pizza concepts. The Company franchises, licenses and supplies Pie Five and Pizza Inn restaurants operating domestically and internationally. The Pizza Inn experience is unlike your typical buffet. Since 1958, Pizza Inn's house-made dough, house-shredded 100% whole milk mozzarella cheese, fresh ingredients and house-made signature sauce combined with friendly service solidified the brand to become America's favorite hometown pizza place. These, in addition to its small-town vibe, are the hallmarks of Pizza Inn restaurants. In 2011, RAVE introduced Pie Five Pizza, pioneering a fast-casual pizza brand that transformed the classic pizzeria into a concept offering personalization, sophisticated ingredients and speed. Pie Five's craft pizzas are baked fresh daily and feature house-made ingredients, creative recipes and craveable crust creations. For more information, visit www.raverg.com, and follow on Instagram @pizzainn and @piefivepizza. Contact: Investor Relations RAVE Restaurant Group, Inc. 469-384-5000

Shares of RAVE Restaurant Group, Inc. RAVE have gained 10.2% since the company announced its third-quarter fiscal 2025 results on May 8. This performance markedly outpaced the S&P 500 Index, which saw a modest 0.5% gain over the same period. Over the past month, RAVE shares surged 25.4%, far exceeding the broader market's 4.3% increase. For the quarter ended March 30, 2025, RAVE reported net income of $0.72 million, representing a 10.4% year-over-year increase from $0.65 million in the prior-year period. On a per-share basis, diluted earnings were $0.05, up from $0.04 in the prior-year period. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.) Income before taxes rose 11.2% year over year to $0.9 million, driven by improved profitability initiatives. Revenues for the quarter remained flat year-over-year at $2.9 million. Despite stagnant top-line growth, the company reported an adjusted EBITDA of $0.9 million, a 13.2% increase over the same quarter last year, driven by disciplined cost control and operational improvements. Segmentally, Pizza Inn domestic comparable store sales rose 2.5%, while Pie Five saw a 5.6% decline in comparable domestic store sales. These mixed trends underscore divergent brand dynamics within RAVE's portfolio. RAVE Restaurant Group, Inc. price-consensus-eps-surprise-chart | RAVE Restaurant Group, Inc. Quote RAVE Restaurant ended the quarter with 98 domestic and 20 international Pizza Inn units, alongside 19 Pie Five locations. The company repurchased 500,000 shares for $1.2 million during the quarter, indicating confidence in its valuation. Cash and cash equivalents totaled $0.7 million as of March 30, 2025, compared with $2.9 million as of Dec. 29, 2024, while short-term investments rose to $7.9 million from $6 million as of Dec. 29, 2024. RAVE Restaurant’s balance sheet remains debt-free, and shareholders' equity rose to $13.3 million from $13.8 million at the end of Dec. 29, 2024. Cumulative net cash from operating activities stood at $2.2 million for the nine-month period compared with $1.3 million in the year-ago period. Operationally, enhancements at Pie Five’s make-line resulted in significant throughput gains. Average wait times for customers in the 10th position dropped from 20 minutes to nine minutes, and in-store throughput nearly doubled, according to the vice president of Operations, Zack Viljoen. Several Pie Five locations posted record sales weeks following these changes. CEO Brandon Solano highlighted that the fiscal third quarter marked the company’s 20th consecutive quarter of profitability. He credited the performance to both existing strategic initiatives and the launch of a new value-driven promotion at Pizza Inn called “I$8” (spoken “I ate at Pizza Inn”). The promotion, offering $8 weekday buffet pricing, was piloted in two stores with more than 20% year-over-year sales growth and is set to expand to 12 additional locations in the fourth quarter. Solano also emphasized continued progress in the company’s reimaging program, projecting eight to ten store upgrades by fiscal year-end. Early results show a 7.6% average sales lift and a 56% return on investment from reimaged stores, reinforcing the effectiveness of the initiative. Chief financial officer Jay Rooney noted that the operational gains led to same-store sales records at 19 Pizza Inn and three Pie Five restaurants—the highest since at least 2018. Rooney also pointed to a year-over-year pre-tax income gain of $96,000 for the quarter and $484,000 for the nine-month period. While overall revenue remained unchanged, efficiency gains and improved promotional effectiveness drove better earnings. Cost containment, particularly in franchise and administrative expenses, contributed to profitability. Lower provisions for credit losses and increased interest income also supported net income growth. However, Pie Five’s ongoing comparable sales decline reflects brand-specific challenges that partially offset Pizza Inn’s resilience. RAVE Restaurant did not provide formal forward-looking guidance. However, management signaled confidence in the continuation of growth initiatives, including the broader rollout of promotional pricing, further reimage projects and continued operational enhancements at Pie Five. These efforts are expected to support comparable store sales growth and margin stability in the coming quarters. During the quarter, RAVE continued to optimize its capital allocation strategy. The share repurchase of half a million shares underscores management’s shareholder return focus. Additionally, no acquisitions or divestitures were reported, and RAVE Restaurant maintained a conservative balance sheet with minimal liabilities and healthy levels of retained earnings. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rave Restaurant Group, Inc. (RAVE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research