Franchise News
Fast Casual: Pie Five, Pizza Inn Q3 Results Show Bleeding Continues, But Net Loss Narrows
The bransd will focus on improving efficiency and effectiveness of operations to combat the continued loss.
Pie Five and Pizza Inn have been experiencing a decline in sales for several months. According to a recent article in Fast Casual, the losses continued but slowed for these Rave Restaurant Group pizza chains in Q3.
"Last quarter was transitional as we streamlined operations and strengthened both Rave brands by prioritizing revenues and profitability for our franchisees overgrowth. Our targeted plan is progressing towards a solid foundation for future growth," said CEO Scott Crane.
In order to help turn things around, the brand leadership teams are focusing on improving the efficiency and effectiveness of operations.
Read the full article here.
Photo Courtesy of Pie Five's Facebook
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