RAVE Restaurant Group, Inc. Reports Fourth Quarter Financial Results
Retrieved on:
Tuesday, September 21, 2021
Income, Tax, Cheese, Pan pizza, Sale, Private Securities Litigation Reform Act, NASDAQ, Mission statement, RAVE, House, Salad, Nasdaq, EBITDA, Depreciation, Method, Bank account, Company, Growth, GAAP, PPP, PIE, Panzano, Pie Five, Pizza Hut, Adjustment, Restaurant, Industry, Recycling, Video game, Life insurance, Cryptocurrency, Hospitality industry, Lithium, Animal, Fast food, Security (finance)
DALLAS, Sept. 21, 2021 /PRNewswire/ -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for thefourth quarterended June 27, 2021.
Key Points:
- DALLAS, Sept. 21, 2021 /PRNewswire/ -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for thefourth quarterended June 27, 2021.
- Pie Five comparable store retail sales increased 36% in the fourth quarter of fiscal 2021 compared to the same period of the prior year.
- Cash and cash equivalents increased $1.8 million during the fourth quarter of fiscal 2021 to $8.3 million at June 27, 2021.
- "Our fourth quarter net income of $.9M marks the fifth consecutive quarter of positive income, showing sequential improvement each quarter, in a pandemic, while running a buffet brand.