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, la...

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 inclu...

THE COLONY, Texas (AP) — THE COLONY, Texas (AP) — Rave Restaurant Group Inc. (RAVE) on Thursday reported net income of $800,000 in its fiscal third quarter. The The Colony, Texas-based company said it had net income of 6 cents per share. The pizza chain operator posted revenue of $3.2 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RAVE at https://www.zacks.com/ap/RAVE

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 high...

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 w...

THE COLONY, Texas (AP) — THE COLONY, Texas (AP) — Rave Restaurant Group Inc. (RAVE) on Thursday reported earnings of $637,000 in its fiscal second quarter. The The Colony, Texas-based company said it had net income of 4 cents per share. The pizza chain operator posted revenue of $3 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RAVE at https://www.zacks.com/ap/RAVE

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 S...

THE COLONY, Texas (AP) — THE COLONY, Texas (AP) — Rave Restaurant Group Inc. (RAVE) on Thursday reported profit of $645,000 in its fiscal first quarter. On a per-share basis, the The Colony, Texas-based company said it had profit of 5 cents. The pizza chain operator posted revenue of $3.2 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RAVE at https://www.zacks.com/ap/RAVE

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...

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...

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 y...

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 Viljo...