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Stock impact report

RAVE's Earnings, Revenues Rise in Fiscal 2024, Drive Its Stock Up [Yahoo! Finance]

Rave Restaurant Group, Inc. (RAVE) 
US:NASDAQ Investor Relations: raverg.investorroom.com
Company Research Source: Yahoo! Finance
RAVE reported earnings per share (EPS) of 6 cents in the fourth quarter of fiscal 2024, which increased 50% year over year. Full-year EPS was 17 cents, up 70% compared with that at the end of the comparable fiscal 2023 period. RAVE's Revenues in Detail Rave Restaurant registered revenues of $3.4 million in the fiscal fourth quarter, up $0.3 million year over year. Lower revenues from the Pie Five Franchising segment dampened the topline. Full-year revenues were $12.2 million, reflecting a 2.2% improvement from the comparable fiscal 2023 period. Shares of this company gained nearly 20% till last trading. Rave Restaurant's Segment Details Rave Restaurant derives revenues from two segments — Pizza Inn Franchising and Pie Five Franchising. For the quarter under review, Pizza Inn Franchising domestic comparable store retail sales decreased 1.5% year over year, while Pie Five domestic comparable store retail sales decreased 10.6% year over year. Pizza Inn's domestic unit Show less Read more
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