Quarterly ResultMay 7, 2026, 09:03 AM
RAVE Restaurant Group Q3 Net Income $0.8M, Revenue $3.2M
AI Summary
RAVE Restaurant Group reported strong financial results for the third quarter of fiscal 2026, with net income increasing by 10.8% to $0.8 million and total revenue growing by 8.7% to $3.2 million. Adjusted EBITDA also saw a significant rise of 16.4% to $1.1 million. The company highlighted positive comparable store sales growth for Pizza Inn, alongside strategic investments in new unit development and franchisee profitability, despite a decline in Pie Five's comparable sales.
Key Highlights
- Net income increased 10.8% to $0.8 million for Q3 fiscal 2026.
- Total revenue rose 8.7% to $3.2 million for Q3 fiscal 2026.
- Adjusted EBITDA grew 16.4% to $1.1 million for Q3 fiscal 2026.
- Diluted net income per share increased to $0.06 from $0.05 year-over-year.
- Pizza Inn domestic comparable store sales increased 2.3% in Q3.
- Pie Five domestic comparable store sales decreased 11.6% in Q3.
- Cash and short-term investments totaled $12.0 million as of March 29, 2026.
- Pizza Inn opened 4 new restaurants this fiscal year and has 13 under contract.