Rave Restaurant Group jumps on earnings, sales growth

Rave Restaurant

23/09/2022 17:46

** Shares in Rave Restaurant Group  RAVE.O  rise 12% to
$1.30
    ** Rave reports core earnings of $1.2 million for the fourth
quarter, a 23% increase from a year earlier, as sales at its
Pizza Inn and Pie Five restaurants rose
    ** Total revenue increased by $0.4 million to $2.8 million,
helped by strong demand for its buffets at its Pizza Inn chain,
Rave says
    ** Shares have risen nearly 30% this year
 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))