Rave Restaurant Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 25, 2022
February 02, 2023 at 09:01 am EST
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Rave Restaurant Group, Inc. reported earnings results for the second quarter and six months ended December 25, 2022. For the second quarter, the company reported sales was USD 2.87 million compared to USD 2.7 million a year ago. Net income was USD 0.348 million compared to USD 0.457 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
For the six months, sales was USD 5.87 million compared to USD 5.25 million a year ago. Net income was USD 0.655 million compared to USD 0.742 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.04 a year ago.
Rave Restaurant Group, Inc. franchises, licenses and supplies Pie Five and Pizza Inn restaurants operating domestically and internationally. The Company, through its subsidiaries, franchises pizza buffet (Buffet Units), delivery/carry-out (Delco Units) and express (Express Units) restaurants under the trademark Pizza Inn and franchises fast casual pizza restaurants (Pie Five Units) under the trademark Pie Five Pizza Company (Pie Five). It also licenses Pizza Inn Express (PIE), kiosks under the trademark Pizza Inn. Its segments include Pizza Inn Franchising, Pie Five Franchising and Company-Owned Restaurants. The Pizza Inn and Pie Five Franchising segments establish franchisees, licensees and territorial rights. The Company-Owned Restaurants segment includes sales and operating results for all Company-owned restaurants. It facilitates food, equipment, and supply distribution to its domestic and international system of restaurants through agreements with third party distributors.
RAVE RESTAURANT GROUP, INC. 
