Pizza franchisor Rave Restaurant Q4 profit slips as comparable sales decline
RAVE•Rave Restaurant’s fiscal fourth-quarter revenue rose 8.8% year over year to $3.4 million, while net income fell 6.2% to $800,000. Adjusted EBITDA increased 4.9%.
1. Sales and outlook
Domestic comparable sales fell 17.3% at Pie Five and 2.8% at Pizza Inn in fiscal Q4. Pizza Inn expects to open five buffet restaurants in fiscal 2027 under a new development agreement, and the company plans product launches with increased media support starting in December.
