Pizza Inn Reports Q2 Rise in Earnings

    Industry News | January 17, 2002
    Pizza Inn, Inc., reported earnings per share for its second quarter ended December 23, of 6 cents, versus 5 cents for the same quarter last year. Net income was $567,000 versus $529,000, on revenues of $15.6 million versus $15.5 million in the previous year.

    For the six-month period, earnings per share were 11 cents versus 11 cents last year. Net income was $1,157,000 compared to $1,175,000 on revenues of $32.4 million versus $32.3 million last year.

    Comparable chainwide same-store sales finished up 1.7 percent for the second quarter.

    The company also announced that its annual franchisee owners' conference is scheduled for March 23-25.

    Pizza Inn, Inc., is the franchisor and food distributor for 432 Pizza Inn locations operating in the United States and other countries.

    News and information presented in this release has not been corroborated by WTWH Media LLC.