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Rave Restaurant Group: Fiscal Q3 Earnings Snapshot

  • RAVE Restaurant Group, Inc. Reported $0.7 million net income for fiscal Q3 ending March 30, 2025, with $3.0 million in revenue and adjusted EBITDA up 13.2%.
  • The results followed increases in Pizza Inn comparable store sales by 2.5%, though Pie Five sales declined 5.6%, amid strategic initiatives and store reimages.
  • RAVE tested the I$8 promotion at two Pizza Inn locations, which yielded over 20% year-over-year sales growth and plans expansion to twelve more stores in Q4.
  • CEO Brandon Solano highlighted that a combination of new marketing efforts and ongoing strategic initiatives contributed to significant improvements in both revenue and profitability during the third quarter, including a 7.6% sales increase in reimaged stores.
  • The company’s operational improvements doubled Pie Five’s make-line capacity, cut wait times, increased throughput, and contributed to record sales at multiple stores, supporting continued profitability.
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Local 3 News broke the news in on Wednesday, May 7, 2025.
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