RAVE Restaurant Group, Inc. Reports Second Quarter Results
Retrieved on:
Thursday, February 2, 2023
Depreciation, Tax, Family, RAVE, History, Pie Five, Sale, EBITDA, Solano, Adjustment, Fendley, Growth, Pie, COVID-19, Recycling, Hospitality industry, Restaurant, Pizza Inn, Q2
DALLAS, Feb. 02, 2023 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the second quarter of fiscal 2023 ended December 25, 2022.
Key Points:
- DALLAS, Feb. 02, 2023 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the second quarter of fiscal 2023 ended December 25, 2022.
- The Company used $3.6 million to repurchase shares of its common stock in the second quarter of fiscal 2023.
- Pizza Inn domestic comparable store retail sales increased 8.4% in the second quarter of fiscal 2023 compared to the same period of the prior year.
- “Our second quarter results mark 11 consecutive quarters of profitability for RAVE driven by a strong top-line and focused cost controls while investing in the future of our business,” said Chief Executive Officer of RAVE Restaurant Group, Inc., Brandon Solano.