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Despite the pizza commodities "Grinch" of ever-escalating gas prices, last week was a pretty good one for the country's leading publicly traded pizza companies.
Share this article Share this article DALLAS, Feb. 5, 2021 /PRNewswire/ -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the second quarter ended December 27, 2020. Second Quarter Highlights: The Company recorded net income of $102 thousand for the second quarter of fiscal 2021 compared to net income of $14 thousand for the same period of the prior year. Total revenue decreased by $0.7 million to $2.1 million for the second quarter of fiscal 2021 compared to the same period of the prior year. Income before taxes was $104 thousand for the secon...
Logo: Provided Feb. 5, 2021 Pizza Inn and Pie Five parent company, Rave Restaurant Group Inc., reported Friday that the pandemic severely hurt the brands' Q2 sales, which ended Dec. 27. Pizza Inn reported that comp sales were down 18%, while Pie Five recorded a 16% drop in comp sales. A news release concerning the earnings report did not include the total comp sales quantity for each brand. "While we continue to work through challenges presented by the pandemic, we are seeing strong indications that the team and strategy we've put into place are taking hold and yielding results in repositioni...
As president is sworn in, pizza investors buy in The inauguration of a new president can be an unsettling time for publicly traded companies, but as President Joe Biden took the lead last week, investors stayed faithful to the power of the pie. Photo: iStock Pizza investors were apparently in a positive mood last week, as the U.S. ushered in its new president, and stock prices for all four publicly traded pizza restaurant brands monitored by this site turned in nice gains. That — combined with the fact that most pizza commodity prices dropped over the week — likely put some smiles on rest...
Rave rockets forward, but so do gas prices Pizza Inn and Pie Five parent, Rave Restaurant Group, pulled out a substantial stock value gain over the course of last week's trading. Photo: iStock In the realm of publicly traded pizza stocks last week, chalk one up for the little guy. The smallest publicly traded pizza brand monitored by this site weekly, Rave Restaurant Group, managed to make a substantial percentage increase in its value over the trading week. The parent company of Pizza Inn and Pie Five gained 17 cents to close Friday at $1.06, marking one of the largest single-week gains the ...