Pizza franchisor Rave Restaurant Q4 profit slips as comparable sales decline

By Reuters News


Overview

  • U.S. pizza franchisor's fiscal Q4 revenue rose 8.8% yr/yr, net income fell 6.2%

  • Adjusted EBITDA for fiscal Q4 increased 4.9% yr/yr

  • Pizza Inn and Pie Five Q4 comparable store sales declined yr/yr


Outlook

  • Pizza Inn expects to open five new buffet restaurants in fiscal 2027 under a new development agreement

  • Company plans new product launches with increased media support starting in December


Result Drivers

  • COMPARABLE SALES DECLINES - Co said Pizza Inn and Pie Five domestic comparable store sales fell in Q4, with Pie Five down 17.3% yr/yr and Pizza Inn down 2.8% yr/yr

  • BUFFET UNIT GROWTH - Pizza Inn buffet restaurant count increased by net one restaurant, marking fifth consecutive yr of buffet unit count growth, per CEO Brandon Solano


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$3.40 mln

Q4 Net Income

$800,000

Q4 Pretax Profit

$1.10 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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