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RAVE — Rave Restaurant News Story

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Rave Restaurant Group's Q3 revenue, net income rise

Overview

US pizza restaurant franchisor's fiscal Q3 revenue rose 8.7% yr/yr

Fiscal Q3 net income increased 10.8% from prior year

Pizza Inn same-store sales rose 2.3%, Pie Five same-store sales fell 11.6%

Outlook

Company says thirteen Pizza Inn restaurants are under contract to open in next three qtrs

Result Drivers

PIZZA INN SALES GROWTH - Company said Pizza Inn same-store sales rose 2.3% in Q3, despite January weather headwinds, supporting overall revenue growth

MENU INNOVATION - Limited time offers and new menu items at Pizza Inn and Pie Five helped drive customer visits

Company press release: ID:nGNX8vmwTM

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$3.22 mln
Q3 Net Income$800,000
Q3 Pretax Profit$1.06 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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