Brief: Rave Restaurant Group Inc Reports Qtrly Eps $0.01

Rave Restaurant

13/11/2019 13:11

Nov 13 (Reuters) - Rave Restaurant Group Inc  RAVE.O :
    * RAVE RESTAURANT GROUP, INC. REPORTS FIRST QUARTER 2020
FINANCIAL
RESULTS
    * Q1 REVENUE $2.9 MILLION VERSUS $3.0 MILLION
    * Q1 EARNINGS PER SHARE $0.01
    * PIZZA INN DOMESTIC COMPARABLE STORE RETAIL SALES UP 3.1%
IN Q1
VERSUS SAME PERIOD OF PRIOR YEAR
    * PIE FIVE DOMESTIC COMPARABLE STORE RETAIL SALES DECREASED
BY
12.2% IN Q1 VERSUS PRIOR YEAR
    * CASH AND CASH EQUIVALENTS INCREASED TO $2.4 MILLION AS OF
END OF
Q1 OF FISCAL 2020
    * "PIE FIVE HAS EXPERIENCED CHALLENGES"
    * ALIGNING WITH FRANCHISEES TO CONTINUE REMODEL PROGRAM

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Further company coverage:  RAVE.O 

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