Rave Restaurant Group, Inc. reported its financial results for the three and nine months ended March 29, 2026, showing a notable increase in revenue and profitability compared to the previous fiscal period. For the third quarter, the company generated revenues of $3.2 million, up from $3.0 million in the same period last year, marking an increase of 8.7%. Year-to-date revenues also rose to $9.5 million from $8.9 million, reflecting a 6.6% increase. The net income for the quarter was $800,000, compared to $722,000 in the prior year, resulting in a basic earnings per share of $0.06, up from $0.05.

The financial performance was bolstered by a 12.2% increase in Pizza Inn franchise revenues, which reached $3.0 million for the quarter, driven by higher supplier and distributor incentives and domestic royalties. In contrast, Pie Five franchise revenues decreased by 20.1% to $0.2 million, attributed to lower system-wide retail sales and unit closures. The overall increase in revenues was also supported by a rise in general and administrative expenses, which increased to $1.5 million from $1.3 million, primarily due to higher salaries.

Operationally, Rave Restaurant Group reported a total of 97 domestic franchised and licensed units for Pizza Inn, with system-wide retail sales of $1.2 million for the quarter. The average number of Buffet Units open increased from 77 to 82, contributing to a 7.2% rise in total domestic retail sales. However, Pie Five experienced a decline in total domestic retail sales, which fell to $2.1 million, down from $2.7 million, reflecting a decrease in average units open from 18 to 15.

The company’s balance sheet as of March 29, 2026, showed total assets of $18.6 million, an increase from $16.6 million at the end of the previous fiscal year. Cash and cash equivalents decreased to $1.1 million from $2.9 million, while short-term investments rose to $10.9 million from $7.0 million. Total liabilities decreased to $2.1 million from $2.4 million, contributing to an increase in shareholders' equity to $16.4 million from $14.2 million.

Looking ahead, Rave Restaurant Group remains optimistic about its growth trajectory, particularly in the Pizza Inn segment, where management anticipates a modest increase in both domestic and international unit counts. The company plans to continue focusing on enhancing franchisee support and operational efficiencies to drive future revenue growth.

About RAVE RESTAURANT GROUP, INC.

Rave Restaurant Group, Inc. operates and franchises pizza concepts under Pizza Inn and Pie Five brands, offering dine-in, carryout, delivery, and ghost kitchen services globally. Its business model includes franchising, licensing, and supply distribution, focusing on high-quality, affordable pizza with diverse formats and locations. The company emphasizes brand standards, site selection, and operational support to sustain competitive, family-oriented restaurant systems in domestic and international markets.

This description was generated via AI from an annual report. Updated 8 months ago.

About 10-Q Filings

A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.

Key points about the 10-Q:

  • Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
  • Content: It includes:
    • Financial statements showing the company's current financial position
    • Updates from management on the performance and projections of the business
    • Information about potential risks the company faces
    • Details on how the company is run internally
  • Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.

Our Methodology

AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.

Our method:

  1. Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
  2. AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
  3. Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
  4. Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
  5. Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Read more about AssetRoom

Feedback & Corrections

Spot an error or have a suggestion? Contact us.