Rave grows annual profit while restaurant comparable sales weaken
Rave Restaurant Group ($RAVE) reported annual net income of approximately $2.9 million, compared with $2.7 million a year earlier. Fourth-quarter revenue increased 8.8% to $3.4 million, and adjusted EBITDA rose 4.9% to around $1.2 million. Quarterly net income fell 6.2% to approximately $0.8 million, with earnings per share unchanged at $0.06. Underlying restaurant trends were weaker than the revenue headline: comparable sales fell 2.8% at Pizza Inn and 17.3% at Pie Five. The company ended the p
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