RAVE RESTAURANT GROUP INC
For the period ended Dec 24, 2023. Filed Feb 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 24, 2023 · Filed Feb 1, 2024
RAVE$2.10-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| December 24, 2023 | December 25, 2022 | December 24, 2023 | December 25, 2022 | |
| REVENUES: | $2,792 | $2,866 | $5,881 | $5,871 |
| COSTS AND EXPENSES: | ||||
| General and administrative expenses | 1,341 | 1,453 | 2,660 | 2,796 |
| Franchise expenses | 844 | 867 | 2,016 | 2,069 |
| Impairment of long-lived assets and other lease charges | — | — | — | 5 |
| Bad debt expense | 10 | 5 | 35 | 9 |
| Interest expense | — | — | — | 1 |
| Depreciation and amortization expense | 57 | 53 | 112 | 104 |
| Total costs and expenses | 2,252 | 2,378 | 4,823 | 4,984 |
| INCOME BEFORE TAXES | 540 | 488 | 1,058 | 887 |
| Income tax benefit (expense) | 13 | (140) | (119) | (232) |
| NET INCOME | $553 | $348 | $939 | $655 |
| INCOME PER SHARE OF COMMON STOCK - BASIC: | $0.04 | $0.02 | $0.07 | $0.04 |
| INCOME PER SHARE OF COMMON STOCK - DILUTED: | $0.04 | $0.02 | $0.07 | $0.04 |
| Weighted average common shares outstanding - basic | 14,444 | 16,351 | 14,299 | 16,491 |
| Weighted average common shares outstanding - diluted | 14,465 | 16,351 | 14,319 | 16,491 |
Index
CONDENSED CONSOLIDATED
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