RAVE Restaurant Group, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Brandon L. Solano
- Full Time Employees
- 24
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Address
- 3551 Plano Parkway The Colony TX United States of America 75056
- IPO Date
- Sep 1, 1993
- CIK
- 0000718332
- Website
- raverg.com
- Similar Companies
- Business
- RAVE Restaurant Group, Inc. operates as a franchisor, licensor, and supplier for the Pie Five Pizza and Pizza Inn restaurant brands, specializing in pizza dining concepts that serve both domestic and international markets. The company’s main products include handcrafted personal pizzas made to order in less than five minutes under the Pie Five brand, featuring customizable crusts, sauces, and toppings; and traditional buffet-style and delivery pizzas under the Pizza Inn brand, which also offers salads, pastas, wings, sandwiches, and desserts. RAVE generates revenue primarily through franchise royalties, fees, and sales from corporate-owned stores. The company, founded in 1958 as Pizza Inn and rebranded to RAVE Restaurant Group, Inc. in 2015, is headquartered in Dallas, Texas. Recently, RAVE has focused on revitalizing its Pizza Inn brand with initiatives such as the I$8 value promotion and expanding its buffet locations, including the opening of new stores and remodeling existing ones, alongside a strategic emphasis on digital marketing, operational efficiency, and franchisee collaboration through a Franchise Leadership Council. In addition, the company has engaged in leadership strengthening by appointing Jay Rooney as CFO and reinforcing its executive team to accelerate growth. As of recent quarters, RAVE reported 96 domestic and 20 international Pizza Inn units and 17 domestic Pie Five locations, with plans for significant expansion including development agreements for 30 new Pizza Inn buffet restaurants. The group continues to navigate challenges in the fast-casual segment, especially regarding Pie Five, while maintaining steady profitability and cash liquidity with a strengthened balance sheet exceeding $10 million in cash and investments. RAVE’s strategic focus remains on enhancing customer experience, operational excellence, and multi-brand growth across North America and select international markets.
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