RAVE Restaurant Group Reports Mixed Q4 and FY2026 Financials

DALLAS, Sept. 24, 2026 /CourierPR/ -- RAVE Restaurant Group, Inc. reported its financial results for the fourth quarter and fiscal year ended June 28, 2026. The company's net income for the fourth quarter of fiscal 2026 was $0.8 million, marking a 6.2% decrease from the same period of the prior year. Income before taxes decreased by 7.3% to $1.1 million for the fourth quarter of fiscal 2026 compared to the same period of the prior year.

Total revenue increased by $0.3 million to $3.4 million for the fourth quarter of fiscal 2026, representing an 8.8% increase from the same period of the prior year. Adjusted EBITDA increased by $0.1 million to $1.2 million for the fourth quarter of fiscal 2026, which is a 4.9% increase from the prior year. On a fully diluted basis, net income per share was $0.06 for the fourth quarter of fiscal 2026, the same as it was in the same period of the prior year.

Pizza Inn domestic comparable store retail sales decreased by 2.8% in the fourth quarter of fiscal 2026, compared to the same period of the prior year. Fourth quarter comparable sales for Pizza Inn domestic stores increased by 6.3% year-over-year. Pie Five domestic comparable store retail sales, however, decreased by 17.3% in the fourth quarter of fiscal 2026, compared to the same period of the prior year. Fourth quarter comparable sales for Pie Five domestic stores decreased by 7.2% year-over-year.

At the end of June 28, 2026, RAVE Restaurant Group, Inc. had $1.1 million in cash and cash equivalents, and $12.5 million in short-term investments. The company's Pizza Inn domestic unit count stood at 91, while its Pizza Inn international unit count was 18. Pie Five domestic unit count was 13.

In fiscal 2026, RAVE Restaurant Group, Inc. reported an increase in net income of $0.2 million to $2.9 million, compared to $2.7 million in fiscal 2025. Income before taxes increased by $0.3 million to $3.9 million in fiscal 2026, up from $3.6 million in fiscal 2025. Total revenue for fiscal 2026 was $12.9 million, an increase of $0.9 million from fiscal 2025. Adjusted EBITDA for fiscal 2026 was $3.9 million, a $0.3 million increase from the prior year. On a fully diluted basis, the company reported net income of $0.20 per share in fiscal 2026, up from $0.19 per share in fiscal 2025.

RAVE Restaurant Group, Inc. CEO Brandon Solano expressed excitement about the company's fifth consecutive year of buffet store count and same store sales growth at Pizza Inn. Solano also mentioned that the company had opened one restaurant in August and was preparing to open more in the fiscal year 2027. Additionally, the company had partnered with Dr. Pepper and the Southeastern Conference to promote Pepp Rally pizza and offer guests the chance to win tickets to the SEC championship game this fall. The company also planned to introduce new products with increased media support starting in December.

However, the company also disclosed a significant legal proceeding related to workplace harassment and discrimination by the Board of Directors. RAVE Restaurant Group, Inc. had formally complained to the Chairman of the Company’s Audit Committee about the harassment and discrimination, and had engaged the Hagan Law Group to conduct an investigation.