Rave Restaurant Group (RAVE) Q4 2026 earnings summary

Executive summary

• Achieved fifth consecutive year of buffet unit count and same store sales growth at Pizza Inn.

• Fiscal 2026 pre-tax profit reached $3.9 million, the highest in 23 years.

• Signed a 10-buffet development agreement for Pizza Inn, with five openings expected in fiscal 2027.

Financial highlights

• Q4 net income was $0.8 million, down 6.2% year-over-year; annual net income rose to $2.9 million from $2.7 million.

• Q4 revenue increased 8.8% to $3.4 million; annual revenue grew to $12.9 million, up $0.9 million from prior year.

• Adjusted EBITDA for Q4 was $1.2 million (+4.9% YoY); annual Adjusted EBITDA reached $3.9 million (+$0.3 million YoY).

• Q4 EPS was $0.06 (flat YoY); annual EPS was $0.20, up from $0.19.

• Cash and short-term investments totaled $13.6 million at year-end, up $3.7 million YoY.

Outlook and guidance

• Pizza Inn targets accelerated store growth in fiscal 2027, with multiple new openings planned.

• New product launches and marketing partnerships, including with Dr. Pepper and the SEC, are expected to drive engagement.