Oct. 3 at 1:07 PM
$RAVE down 9.4% post-earnings — what's driving the slump? 📉
Despite a strong 6.3% sales growth at Pizza Inn, RAVE's revenues took a hit due to a shorter fiscal year and Pie Five's ongoing struggles. Yet, their cash position remains solid with
$2.9M in cash and
$7M in short-term investments combined.
Discover what’s next for RAVE here 👉 https://www.zacks.com/stock/news/2761571/rave-restaurant-stock-declines-on-flat-q4-earnings-and-weak-sales?cid=sm-stocktwits-2-2761571-body-14610&ADID=SYND_STOCKTWITS_TWEET_2_2761571_BODY_14610