RAVE Restaurant Group, Inc. reported a 22.6% increase in net income to $0.6 million for the first quarter of fiscal 2026. Income before taxes rose 22.4% to $0.9 million, with total revenue increasing by $0.1 million to $3.2 million. Adjusted EBITDA also increased by $0.1 million to $0.8 million.
Pizza Inn saw an 8.1% increase in domestic comparable store retail sales, while Pie Five experienced a 9.1% decrease. Cash and short-term investments totaled $10.6 million. Pizza Inn had 96 domestic units, 20 international units, and Pie Five had 17 domestic units. CEO Brandon Solano lauded the team’s performance and profitability.
Solano highlighted the success of the I$8 promotion at Pizza Inn and plans to expand it in January to drive post-holiday traffic. CFO Jay Rooney noted a 23.5% increase in operating income year-over-year and a strong cash balance of over $10.5 million. The company aims to increase net buffet store count for the fifth consecutive year.
RAVE Restaurant Group utilizes EBITDA and Adjusted EBITDA as supplemental measures of operating performance. These non-GAAP financial measures provide additional information to investors by excluding non-operational or non-recurring expenses. Management uses these measures for evaluating operating performance and future planning purposes. RAVE Restaurant Group, Inc. reported a revenue of $3,213 for the quarter ending September 28, 2025. Operating income was $752 with a net income of $645. Basic income per share of common stock was $0.05. The company’s total assets amounted to $17,005, while total liabilities stood at $2,168, and shareholders’ equity was $14,837.
The Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] operates Pie Five and Pizza Inn restaurants domestically and internationally. Pizza Inn, established in 1958, offers a unique pizza buffet experience featuring fresh ingredients and house-made signature sauce. Pie Five Pizza, introduced in 2011, offers craft pizzas with personalized toppings and quality ingredients baked fresh daily.
In the quarter ending September 28, 2025, RAVE Restaurant Group reported cash and cash equivalents of $1,397, short-term investments of $9,159, and total current assets of $12,230. Long-term assets included property and equipment, operating lease assets, and intangible assets. Total current liabilities were $1,615, while long-term liabilities amounted to $553. Shareholders’ equity totaled $14,837.
RAVE Restaurant Group’s adjusted EBITDA for the quarter ending September 28, 2025, was $830, an increase from $720 in the same period last year. Adjusted EBITDA includes net income, interest income, income taxes, depreciation and amortization, as well as stock-based compensation expense and franchisee default and closed store revenue adjustments.
Read more at GlobeNewswire.: RAVE Restaurant Group, Inc. Reports First Quarter 2026