RAVE Restaurant Group reports strong earnings with growth in revenues and net income

From Zacks Investment Research: 2025-02-10 12:52:07

Shares of RAVE Restaurant Group, Inc. (RAVE) rose 2.9% after reporting second-quarter fiscal 2025 earnings, outperforming the S&P 500. Total revenues reached $2.9 million, up 4.5%, with net income rising 9.8% to $0.6 million. Adjusted EBITDA increased 50.6% to $0.8 million. Pizza Inn’s domestic comparable store sales grew 0.8%, while Pie Five saw a 11.4% decline. CEO Brandon Solano credited innovation and growth strategies for profitability. The company focused on menu innovation and operational improvements. RAVE had $2.9 million in cash and $6 million in short-term investments. Management is optimistic for future growth and emphasized long-term innovation. During the quarter, RAVE introduced a digital gift card program and expanded Pizza Inn’s menu offerings.



Read more at Zacks Investment Research: RAVE Restaurant Stock Rises Post-Earnings Amid Mixed Segment Results – February 10, 2025