RAVE Restaurant Group (RAVE) Misses Q1 EPS by 9c

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Go back to RAVE Restaurant Group (RAVE) Misses Q1 EPS by 9c

RAVE Restaurant Group, Inc. Reports Third Fiscal Quarter Financial Results

May 11, 2016 7:30 AM EDT

DALLAS, May 11, 2016 /PRNewswire/ -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the third quarter of fiscal 2016 ended March 27, 2016.

Third Quarter Highlights:

Total consolidated revenue increased 28.2% to $15.3 million compared to $11.9 million in the third quarter of fiscal 2016.  Pie Five comparable store retail sales decreased 4.0% from the same period of the prior year. Pie Five system-wide retail sales increased 118%, and average weekly sales declined 8.6%, year over year. Pizza Inn domestic comparable store retail sales decreased 2.2% from the same... More