Rave Restaurant (RAVE)

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Rave Restaurant (RAVE) - 2021 Q2 - Quarterly Report
2021-02-04 12:02
Commission File Number: 0-12919 RAVE RESTAURANT GROUP, INC. (Exact name of registrant as specified in its charter) Missouri 45-3189287 (State or other jurisdiction of Incorporation or organization) (I.R.S. Employer Identification No.) 3551 Plano Parkway The Colony, Texas 75056 (Address of principal executive offices) SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) (469) 384-5000 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12( ...
Rave Restaurant (RAVE) - 2020 Q2 - Earnings Call Transcript
2020-02-13 00:29
RAVE Restaurant Group, Inc. (NASDAQ:RAVE) Q2 2020 Earnings Conference Call February 12, 2020 5:30 PM ET Company Participants Debbie Lanning - Assistant Controller Brandon Solano - Chief Executive Officer Conference Call Participants Operator Good day and welcome to the RAVE Restaurant Reports Second Quarter 2020 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instru ...
Rave Restaurant (RAVE) - 2020 Q1 - Earnings Call Transcript
2019-11-14 01:59
RAVE Restaurant Group, Inc. (NASDAQ:RAVE) Q1 2020 Earnings Conference Call November 13, 2019 5:30 PM ET Company Participants Jacq Barjon â FP&A Manager Brandon Solano â Chief Executive Officer Conference Call Participants Operator Good day and welcome to the RAVE Restaurant Group Incorporated reports First Quarter 2020 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator ...
Rave Restaurant (RAVE) - 2019 Q4 - Earnings Call Transcript
2019-10-01 00:01
RAVE Restaurant Group, Inc. (NASDAQ:RAVE) Q4 2019 Results Earnings Conference Call September 30, 2019 5:30 PM ET Company Participants Bob Bafundo - President Conference Call Participants Operator Good day and welcome to the RAVE Restaurant Group's Incorporated Reports Fourth Quarter and Fiscal Year 2019 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] P ...
Rave Restaurant (RAVE) - 2019 Q3 - Earnings Call Presentation
2019-06-04 15:38
https://www.sec.gov/Archives/edgar/data/718332/000114036119009778/ex99_1.htm 6/4/2019 EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 (NASDAQ: RAVE) RAVE Restaurant Group Inc. | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------- ...
Rave Restaurant (RAVE) - 2019 Q3 - Earnings Call Transcript
2019-05-11 02:17
Financial Data and Key Metrics Changes - Total component revenue increased by 15.2% to $3.1 million in Q3 2019 compared to $2.7 million in the same period of the prior year [20] - Year-to-date total consolidated revenue decreased to $9.3 million from $12.3 million in the same period of the prior year, primarily due to a reduction in company-owned Pie Five units [21] - The company reported a net loss of $0.3 million for Q3 2019, an improvement from a net loss of $0.5 million in the same period of the prior year [22] - Year-to-date, the company reported net income of $0.1 million compared to a net loss of $1.4 million in the same period of the prior year [23] - Adjusted EBITDA improved to $0.4 million for Q3 2019 and $1.4 million year-to-date, driven by increased franchise revenues and decreased corporate expenses [25] Business Line Data and Key Metrics Changes - Pizza Inn achieved a 3.3% increase in comparable store sales for Q3 2019 and a 2.8% increase year-to-date, marking its ninth consecutive quarter of same-store sales growth [12][11] - Pie Five experienced a decline in comparable store sales of 4.4% for Q3 2019 and 3.2% year-to-date, with total retail sales decreasing by 18% and 11% respectively [14] - The company opened one new Pie Five unit, bringing the total to 156 domestic units [18] Market Data and Key Metrics Changes - The company noted that online ordering has seen double-digit sales growth for three consecutive years, contributing to overall sales growth [14] - The introduction of new menu items at Pie Five, such as calzones and shareable pizzas, has led to increased customer traffic in many locations [15] Company Strategy and Development Direction - The company is focusing on international operations and development resources to accelerate growth for Pizza Inn and Pie Five [7] - The Goldilocks prototype is being implemented to improve unit economics and address rising real estate costs and labor pressures [16] - Management is working closely with franchisees to develop customized action plans to address specific challenges [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the positive trends in retail sales and profitability, indicating a strong future for the company [32] - The company is optimistic about the investments made in technology and improving the restaurant experience for guests [32] Other Important Information - The company adopted new revenue recognition standards, which impacted shareholders' equity, reducing it by a net of $1.9 million [29] - Cash and cash equivalents increased to $1.9 million as of March 24, 2019, reflecting improved cash flow from operating activities [26] Q&A Session Summary - The Q&A session did not contain any specific questions or answers, as the conference call concluded without further inquiries [34][37]
Rave Restaurant (RAVE) - 2019 Q2 - Earnings Call Transcript
2019-02-07 01:31
RAVE Restaurant Group (NASDAQ:RAVE) Q2 2019 Earnings Conference Call February 6, 2019 6:00 PM ET Company Participants Andrea Allen – Chief Accounting and Administrative Officer Scott Crane – Chief Executive Officer Bob Bafundo – President Conference Call Participants Operator Hello everyone and welcome to the RAVE Restaurant Inc. report Second Quarter 2019 Financial Results. [Operator Instructions]. Please note that todayÂ's event is being recorded and with that IÂ'd like to turn the conference over to Andr ...