Rave Restaurant Group, Inc. Overview
Pro stress-test →Rave Restaurant Group operates and franchises pizza buffet, delivery and carry-out, express restaurants, and ghost kitchens under the Pizza Inn and Pie Five trademarks in the United States and internationally. Founded in 1958, Dallas-based RAVE Restaurant Group franchises and/or licenses Pie Five Pizza Co. and Pizza Inn restaurants and Pizza Inn Express kiosks domestically and internationally.
Strategic Profile
Pro stress-test →The company highlighted its 23rd consecutive quarter of profitability, driven by growth at Pizza Inn, where comparable store sales rose 2.5%. The quarter also featured three new buffet openings for Pizza Inn, which the CEO noted was the first such expansion in over two decades. However, Pie Five saw a decline in comparable sales of 1.5%.
Competitive Landscape
Pro stress-test →RAVE operates in the fragmented pizza restaurant franchise sector. Pie Five Pizza Co. is a leader in the rapidly growing fast-casual pizza space competing against brands like MOD Pizza and Blaze. Pizza Inn competes through buffet restaurants offering dine-in, carryout, and catering services, as well as delivery services, alongside Pizza Inn Express restaurants and ghost kitchen units serving both traditional and non-traditional channels.
Industry Context
Rave Restaurant Group, Inc. operates in Pizza Restaurant Franchising and Ghost Kitchen Operations.
Key facts
Founded: 1958 · Headquarters: The Colony, TX, US · Revenue: $3.0M · Market cap: $41.21M