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RAVE Restaurant Stock Rises Post-Earnings Amid Mixed Segment Results
ZACKS· 2025-02-10 17:46
Shares of RAVE Restaurant Group, Inc. (RAVE) have gained 2.9% since the company announced its second-quarter fiscal 2025 earnings for the period ended Dec. 29, 2024, outperforming the S&P 500 Index, which declined 0.7% over the same period. Over the past month, the stock gained 1.2%, underperforming the S&P 500's 3.2% rise.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Key Performance MetricsRAVE Restaurant reported total revenues of $2.9 million in the second quarter of fiscal 2025, ...
Rave Restaurant (RAVE) - 2025 Q2 - Quarterly Results
2025-02-06 14:11
Exhibit 99.1 February 6, 2025 RAVE Restaurant Group, Inc. Reports Second Quarter 2025 Results Dallas, Texas – RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the second quarter of fiscal 2025 ended December 29, 2024. Second Quarter Highlights: • The company recorded net income of $0.6 million for the second quarter of fiscal 2025, a 9.8% increase from the same period of the prior year. • Income before taxes increased by $0.2 million to $0.7 million for the second quarter of f ...
Rave Restaurant (RAVE) - 2025 Q2 - Quarterly Report
2025-02-06 14:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, ...
RAVE Stock Falls Despite Q1 Earnings Uptick, Revenues Down Y/Y
ZACKS· 2024-11-08 18:15
Rave Restaurant Group, Inc. (RAVE) reported earnings per share of 4 cents in the first quarter of fiscal 2025, which increased by a penny year over year.RAVE’s Revenues in DetailRave Restaurant registered revenues of $3.1 million in the fiscal first quarter, down 1.2% year over year.Lower revenues from the Pie Five Franchising segment dampened the topline.Shares of this company lost nearly 1.4% in yesterday’s after-hours trading.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Rave Res ...
Rave Restaurant (RAVE) - 2025 Q1 - Quarterly Results
2024-11-07 14:03
Exhibit 99.1 November 7, 2024 RAVE Restaurant Group, Inc. Reports First Quarter 2025 Results Dallas, Texas – RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the first quarter of fiscal 2025 ended Sept. 29, 2024. First Quarter Highlights: • The company recorded net income of $0.5 million for the first quarter of fiscal 2025, a 36.3% increase from the same period of the prior year. • Income before taxes increased by $0.2 million to $0.7 million for the first quarter of fiscal 2 ...
Rave Restaurant (RAVE) - 2025 Q1 - Quarterly Report
2024-11-07 14:02
Sales Performance - Pizza Inn total domestic retail sales decreased by $0.7 million, or 2.5%, for the three months ended September 29, 2024 compared to the same period in the prior year[71] - Pie Five total domestic retail sales decreased by $1.8 million, or 37.5%, for the three months ended September 29, 2024 compared to the same period in the prior year[73] - Pizza Inn comparable store retail sales decreased by $0.5 million, or 2.1%, for the three months ended September 29, 2024 compared to the prior year[71] - Pie Five comparable store retail sales decreased by $0.3 million, or 8.7%, for the three months ended September 29, 2024 compared to the prior year[73] Unit Count and Openings - Pizza Inn average Buffet Units open in the period increased from 75 to 78 for the three months ended September 29, 2024 compared to the prior year[71] - Pie Five average units open in the period decreased from 27 to 20 for the three months ended September 29, 2024 compared to the prior year[73] - The number of international Pizza Inn units increased by two units for the three months ended September 29, 2024[72] - Total domestic Pizza Inn unit count decreased by three units for the three months ended September 29, 2024[72] - Pie Five units remained stable during the three months ended September 29, 2024[74] Financial Performance - Adjusted EBITDA for the fiscal quarter ended September 29, 2024 increased by $0.1 million compared to the same period in the prior fiscal year[68] - Total revenues for the three months ended September 29, 2024 were $3.1 million, consistent with the same period in the prior fiscal year[77] - Pizza Inn franchise revenues increased by $0.1 million to $2.7 million, a 4.5% increase driven by supplier and distributor incentives[78] - Pie Five franchise revenues decreased by $0.1 million to $0.3 million, a 29.7% decrease due to declines in domestic royalties[78] - Net income for the three months ended September 29, 2024 was $0.5 million, up from $0.4 million in the prior year[87] Expenses and Costs - General and administrative expenses increased by $0.1 million to $1.4 million, a 7.4% rise primarily due to higher legal fees[79] - Franchise expenses decreased by $0.2 million to $1.0 million, a 15.1% reduction driven by lower advertising fees[80] Cash Flow and Investments - Cash provided by operating activities was $0.5 million, down from $0.6 million in the prior year due to decreased payroll-related expenses[89] - Cash used in investing activities was $2.0 million, primarily for increased purchases of U.S. Treasury bills[90] - Interest income increased by $80 thousand to $82 thousand, primarily from U.S. Treasury bills[82] Employee Retention Credit - The company recorded a $0.7 million employee retention credit, with $0.6 million received and $0.1 million outstanding as of September 29, 2024[92]
RAVE Restaurant Group, Inc. Reports First Quarter 2025 Results
GlobeNewswire News Room· 2024-11-07 14:01
DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the first quarter of fiscal 2025 ended Sept. 29, 2024. First Quarter Highlights: The company recorded net income of $0.5 million for the first quarter of fiscal 2025, a 36.3% increase from the same period of the prior year.Income before taxes increased by $0.2 million to $0.7 million for the first quarter of fiscal 2025 compared to the same period of the prior year.Total revenue was $3.1 ...
RAVE's Earnings, Revenues Rise in Fiscal 2024, Drive Its Stock Up
ZACKS· 2024-09-27 17:40
Rave Restaurant Group, Inc. (RAVE) reported earnings per share (EPS) of 6 cents in the fourth quarter of fiscal 2024, which increased 50% year over year. Full-year EPS was 17 cents, up 70% compared with that at the end of the comparable fiscal 2023 period. RAVE's Revenues in Detail Rave Restaurant registered revenues of $3.4 million in the fiscal fourth quarter, up $0.3 million year over year. Lower revenues from the Pie Five Franchising segment dampened the topline. Full-year revenues were $12.2 million, r ...
Rave Restaurant (RAVE) - 2024 Q4 - Annual Results
2024-09-26 13:01
Exhibit 99.1 September 26, 2024 RAVE Restaurant Group, Inc. Reports Fourth Quarter and Year End Financial Results Dallas, Texas – RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the fourth quarter and fiscal year ended June 30, 2024. Fourth Quarter Highlights: • The Company recorded net income of $0.9 million for the fourth quarter of fiscal 2024 compared to net income of $0.6 million for the same period of the prior year. • Income before taxes increased by $0.4 million to $1 ...
Rave Restaurant (RAVE) - 2024 Q4 - Annual Report
2024-09-26 13:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value RAVE Nasdaq Capital Market FORM 10-K (Mark One) ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended June 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____. Commission Fi ...