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Company profile for RAVE Restaurant Group, Inc.
Rave Restaurant Group, Inc. is one of the leading operators and franchisers of pizza restaurants in the United States and internationally. Founded in 1958, the company operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark. It also operates and franchises fast casual restaurants under the Pie Five Pizza Company or Pie Five trademarks. As of June 27, 2021, the company had 33 franchised Pie Five Units, 156 franchised Pizza Inn restaurants, and 11 licensed Pizza Inn Express, or PIE, kiosks.
The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants. Pizza Inn Franchising offers franchise opportunities for pizza buffet, delivery/carry-out (delco), and express restaurants. Pie Five Franchising offers franchise opportunities for fast casual restaurants. Company-Owned Restaurants operate and franchise pizza buffet, delivery/carry-out (delco), and express restaurants.
Rave Restaurant Group, Inc.’s pizza buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services. Its delco restaurants provide delivery and carryout services and are located in shopping centers or other in-line retail developments. The company’s Express restaurants serve customers through various non-traditional points of sale and are located in convenience stores, food courts, college campuses, airport terminals, travel plazas, athletic facilities, or other commercial facilities.
The company is based in The Colony, Texas and is listed on the Nasdaq Global Market under the ticker symbol RAVE. The company has a market capitalization of $135.9 million and reported total revenues of $99.5 million for the year ended December 26, 2020. Rave Restaurant Group, Inc. is dedicated to providing quality pizza products and services to its customers and is committed to providing a great experience for its franchisees.