Rave Restaurant Company profile
About Rave Restaurant Group Inc
Rave Restaurant Group, Inc. operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark, Pizza Inn, and operates and franchises domestic fast casual restaurants under the trademarks Pie Five Pizza Company (Pie Five). The Company’s operating segments include Pizza Inn Franchising, Pie Five Franchising and Company-Owned Restaurants. The Pizza Inn and Pie Five Franchising segments establish franchisees, licensees, and territorial rights. The Company-Owned Restaurant segment includes sales and operating results for all Company-owned restaurants. Assets for this segment include equipment, furniture, and fixtures for the Company-owned restaurants.
Financial summary
BRIEF: For the 26 weeks ended 26 December 2021, Rave Restaurant Group Inc revenues increased 30% to $5.2M. Net income increased from $178K to $742K. Revenues reflect Pizza Inn Franchising segment increase of 39% to $4.2M, Pie Five Franchising segment increase of 4% to $968K, United States segment increase of 30% to $5.1M, Foreign Countries segment increase of 55% to $152K. Net income benefited from Rental Expense decrease of 63% to $249K (expense).
Equity composition
Common Stock $.01 Par, 02/11, 26M auth., 15,130,319 issd., less 7,119,400 shs. in Treas. @ $24.6M. Insiders own 3.36%. 9/90, Stock issd. per reorganization of Pantera Corp. under Chapter XI bankruptcy proceedings. Basis: share for share.
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