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
Metric
Beat/Miss
Actual
Consensus 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.)