RAVE Restaurant Group Q2 sales profit rise, helped by Pizza Inn, promotions

Reuters

Feb 05

<a href="https://laohu8.com/S/RAVE">RAVE Restaurant Group</a> <a href="https://laohu8.com/S/QTWO">Q2</a> sales profit rise, helped by Pizza Inn, promotions

Overview

Restaurant group's fiscal Q2 revenue grew 6% yr/yr
Net income for fiscal Q2 rose 4.9% yr/yr
Company opened three new Pizza Inn buffet locations in fiscal Q2

Outlook

Company continues to run 'All You Can $8' promotion into the third quarter
Company notes industry faces sluggish growth and pressure on sales and traffic
Company did not provide specific guidance for future quarters or full year

Result Drivers

PIZZA INN SALES - Pizza Inn's domestic comparable store sales increased 2.5% in Q2, contributing to revenue growth
NEW BUFFET OPENINGS - Three new Pizza Inn buffet locations opened, aiding revenue increase
PROMOTIONAL SUCCESS - 'All You Can $8' promotion at Pizza Inn boosted same-store sales

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue		$3.04 mln
Q2 Net Income		$637,000
Q2 Pretax Profit		$842,000

Press Release: ID:nGNX5jpCW8

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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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}