Industry News | January 17, 2002

Pizza Inn Reports Q2 Rise in Earnings

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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.