Overview

* RAVE fiscal Q1 revenue grows 5.3% yr/yr to $3.2 mln

* Net income for fiscal Q1 rises 22.6% yr/yr to $0.6 mln

* Adjusted EBITDA for fiscal Q1 increases 15.3% yr/yr to $0.8 mln

Outlook

* Company plans to expand I$8 promotion in January to boost post-holiday traffic

* RAVE Restaurant Group ( RAVE ) preparing for multiple Pizza Inn openings in second quarter

* Company aims to increase Pizza Inn net buffet store count for fifth consecutive year

Result Drivers

* PIZZA INN SALES - Pizza Inn domestic comparable store sales increased 8.1% in Q1, contributing to revenue growth

* VALUE STRATEGY - I$8 promotion at Pizza Inn helped maintain traffic and margins, per CEO Brandon Solano

* PIE FIVE CHALLENGES - Pie Five domestic comparable store sales decreased 9.1% in Q1, indicating segment challenges

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 $3.21

Revenue mln

Q1 EPS $0.05

Q1 Net $645,000

Income

Q1 $851,000

Pretax

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)