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Rave Restaurant Group, Inc. reported strong financial results for the third quarter of fiscal 2024, with net income increasing to $0.7 million and total revenue remaining stable at $3.0 million. Adjusted EBITDA also saw an increase to $0.8 million. However, Pizza Inn and Pie Five experienced a decrease in comparable store sales. Cash and cash equivalents stood at $6.3 million, with Pizza Inn and Pie Five domestic unit counts finishing at 104 and 23, respectively. The company's CEO highlighted the restructuring of the executive team and the positive performance in same-store sales over the past few years. The CFO expressed optimism about expense management and growth strategies.
