RAVE RESTAURANT GROUP INC
For the period ended Mar 24, 2024. Filed May 2, 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.
Mar 24, 2024 · Filed May 2, 2024
RAVE$2.12-0.5%Stored close · as of Nov 6, 2026
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Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| March 24, 2024 | March 26, 2023 | March 24, 2024 | March 26, 2023 | |
| REVENUES | $2,962 | $2,970 | $8,795 | $8,841 |
| COSTS AND EXPENSES | ||||
| General and administrative expenses | 1,272 | 1,486 | 3,932 | 4,282 |
| Franchise expenses | 812 | 964 | 2,828 | 3,033 |
| Impairment of long-lived assets and other lease charges | — | — | — | 5 |
| Provision for credit losses | 11 | 28 | 46 | 37 |
| Interest (income) expense | (45) | — | (93) | 1 |
| Depreciation and amortization expense | 58 | 54 | 170 | 158 |
| Total costs and expenses | 2,108 | 2,532 | 6,883 | 7,516 |
| INCOME BEFORE TAXES | 854 | 438 | 1,912 | 1,325 |
| Income tax expense | (200) | (115) | (319) | (347) |
| NET INCOME | $654 | $323 | $1,593 | $978 |
| INCOME PER SHARE OF COMMON STOCK - BASIC | $0.04 | $0.02 | $0.11 | $0.06 |
| INCOME PER SHARE OF COMMON STOCK - DILUTED | $0.04 | $0.02 | $0.11 | $0.06 |
| Weighted average common shares outstanding - basic | 14,587 | 14,154 | 14,395 | 15,712 |
| Weighted average common shares outstanding - diluted | 14,737 | 14,154 | 14,546 | 15,712 |
Index
CONDENSED
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