RAVE Restaurant Group, Inc. Reports Third Quarter 2025 Results

Core Insights - RAVE Restaurant Group, Inc. reported its financial results for the third quarter of fiscal 2025, marking the 20th consecutive quarter of profitability [3][4]. Financial Performance - The company recorded a net income of $0.7 million for the third quarter of fiscal 2025, representing a 10.4% increase from the same period in the prior year [6]. - Income before taxes increased by $0.1 million to $1.0 million, an 11.2% increase year-over-year [6]. - Total revenue remained stable at $3.0 million, unchanged from the same period in the prior year [6]. - Adjusted EBITDA rose by $0.1 million to $1.0 million, reflecting a 13.2% increase compared to the same period last year [6]. - On a fully diluted basis, net income per share increased by $0.01 to $0.05 [6]. Sales Performance - Pizza Inn domestic comparable store retail sales increased by 2.5% in the third quarter compared to the same period last year [6]. - Pie Five domestic comparable store retail sales decreased by 5.6% in the same timeframe [6]. - The company introduced a new promotion at Pizza Inn, resulting in year-over-year sales increases of over 20% at the test locations [4]. Operational Improvements - Operational enhancements at Pie Five have led to a significant reduction in average wait times from 20 minutes to 9 minutes, with in-store throughput nearly doubling [4]. - The company plans to complete 8 to 10 reimaged stores by the end of the fiscal year, with reimage results showing an average sales lift of 7.6% and a return on investment of 56% [4]. Shareholder Actions - RAVE repurchased 500,000 shares of common stock for $1.2 million during the third quarter [6].