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RAVE Restaurant Group Reports Q4 Revenue of $800,000 for Pizza Inn
Reports Q4 revenue $800,000. "We are excited to report the fifth consecutive fiscal year of both buffet store count and same store sales growth at Pizza Inn" said Brandon Solano, Chief Executive Officer of RAVE Restaurant Group. Solano added, "Fiscal 2027 is an important year for Pizza Inn. After five consecutive years of modest store growth, Pizza Inn is aiming for more significant growth this fiscal year. We opened one restaurant in August and have more on the way. Pizza Inn recently signed a 10-buffet development agreement with a multi-brand operator who has experience in the pizza industry but is new to Pizza Inn. The first five of those restaurants are anticipated to be opened in fiscal year 2027."
Rave Reports Q2 Revenue of $3.042M
Reports Q2 revenue $3.042M vs $2.869M last year. "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."
Rave Restaurant announces Q1 earnings per share of 5 cents, up from 4 cents a year ago.
Reports Q1 revenue $3.213M vs $3,05M last year. "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."
Rave Restaurant announces FY25 EPS of 19 cents, up from 17 cents the previous year.
Reports FY25 revenue $12M vs $12.15M last year. "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%."
Rave Restaurant reports Q3 EPS 5c vs 4c last year
Reports Q3 revenue $2.966M vs $2.962M last year. "Quarter Three represented our 20th consecutive quarter of profitability as we continue to deliver profitable operating results," said Brandon Solano, Chief Executive Officer of RAVE Restaurant Group. "New marketing and existing strategic initiatives delivered both a strong top and bottom line in quarter three," continued Solano. "During the third quarter, we tested a new value driven promotion called I$8 at Pizza Inn, or as spoken 'I ate at Pizza Inn'. The offer allows guests to dine at our buffets for $8.00 all day on weekdays. To date, we have introduced the promotion to two stores supported by an aggressive marketing campaign and have seen year-over-year sales increases of over twenty percent. We will roll the promotion accompanied by media out to twelve additional lower to mid volume buffet stores in quarter four."
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