RAVE Restaurant Group, Inc. Reports First Quarter 2026 Results

Core Insights - RAVE Restaurant Group, Inc. reported its financial results for the first quarter of fiscal 2026, marking the 22nd consecutive quarter of profitability [3][6]. Financial Performance - The company recorded a net income of $0.6 million for Q1 fiscal 2026, a 22.6% increase from the same period last year [6]. - Income before taxes rose by 22.4% to $0.9 million compared to the prior year [6]. - Total revenue increased by $0.1 million to $3.2 million, reflecting a 5.3% growth year-over-year [6]. - Adjusted EBITDA grew by $0.1 million to $0.8 million, a 15.3% increase from the previous year [6]. - Operating income increased by 23.5% year-over-year, indicating strong operational performance [4][6]. Sales Performance - Pizza Inn's domestic comparable store sales saw an impressive growth of 8.1% in Q1 fiscal 2026 compared to the same period last year [6]. - Conversely, Pie Five's domestic comparable store sales decreased by 9.1% in the same timeframe [6]. Strategic Initiatives - The company successfully implemented the I$8 promotion at Pizza Inn, which has driven traffic and maintained margins, with plans to expand this promotion further [4]. - One new buffet restaurant was opened in North Texas, with additional openings planned for the second quarter, aiming to increase the net buffet store count for the fifth consecutive year [4][6]. Balance Sheet Strength - Cash and short-term investments totaled over $10.5 million as of September 28, 2025, enhancing the company's financial stability [6].