Overview
RAVE fiscal Q1 revenue grows 5.3% yr/yr to $3.2 mln
Net income for fiscal Q1 rises 22.6% yr/yr to $0.6 mln
Adjusted EBITDA for fiscal Q1 increases 15.3% yr/yr to $0.8 mln
Outlook
Company plans to expand I$8 promotion in January to boost post-holiday traffic
RAVE Restaurant Group preparing for multiple Pizza Inn openings in second quarter
Company aims to increase Pizza Inn net buffet store count for fifth consecutive year
Result Drivers
PIZZA INN SALES - Pizza Inn domestic comparable store sales increased 8.1% in Q1, contributing to revenue growth
VALUE STRATEGY - I$8 promotion at Pizza Inn helped maintain traffic and margins, per CEO Brandon Solano
PIE FIVE CHALLENGES - Pie Five domestic comparable store sales decreased 9.1% in Q1, indicating segment challenges
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | $3.21 mln | ||
Q1 EPS | $0.05 | ||
Q1 Net Income | $645,000 | ||
Q1 Pretax Profit | $851,000 |
Press Release: ID:nGNX9hpRVv
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)