Rave Restaurant Group, Inc. reported its financial results for the three and nine months ended March 30, 2025, revealing a slight increase in revenues and net income compared to the same periods in the previous fiscal year. The company generated revenues of $2.966 million for the three months ending March 30, 2025, a marginal increase from $2.962 million in the same quarter of 2024. For the nine-month period, revenues rose to $8.885 million from $8.795 million year-over-year. Net income for the latest quarter was $722,000, up from $654,000, while year-to-date net income increased to $1.855 million from $1.593 million.
The company experienced notable changes in its operational metrics. Franchise revenues from Pizza Inn increased by 6.5% to $2.661 million for the three months ended March 30, 2025, driven primarily by higher supplier and distributor incentives. Conversely, Pie Five franchise revenues decreased by 32.6% to $294,000 for the same period, attributed to lower retail sales and a reduction in the number of operating units. The total number of domestic Pizza Inn units remained stable at 98, while Pie Five units decreased to 19 from 24 in the prior year.
In terms of expenses, general and administrative costs were relatively stable at $1.302 million for the latest quarter, reflecting a slight increase due to higher salaries, offset by lower legal fees. Franchise expenses also remained consistent at $768,000, while the provision for credit losses showed a recovery of $14,000 compared to a provision of $11,000 in the prior year. The company reported an increase in interest income, which rose to $84,000 for the three months ended March 30, 2025, primarily due to interest earned on U.S. Treasury bills.
Looking ahead, Rave Restaurant Group expressed optimism regarding its operational strategies and market conditions. The company anticipates modest growth in both domestic and international unit counts, particularly for Pizza Inn, as it continues to focus on enhancing franchisee support and operational efficiencies. Management believes that the combination of cash reserves and operating cash flow will be sufficient to fund operations for the next 12 months and beyond. The company remains committed to monitoring market conditions and adjusting its strategies accordingly to drive future growth.
About RAVE RESTAURANT GROUP, INC.
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