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(PZZI, GBLHF.PK, NTLS, RITT, RFMI) Stock in Focus
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Sep 15, 2011 1:46 pm
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Pizza Inn, Inc., together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out, and express restaurants in the United States and internationally. Its buffet restaurants offer dine-in, carryout, and catering services, as well as delivery services. The company's delivery/carryout restaurants provide delivery and carryout services and are located in shopping centers or other in-line retail developments. Its express restaurants serve its customers through various non-traditional points of sale and are located in convenience stores, food courts, college campuses, airport terminals, athletic facilities, or other commercial facilities.
Pizza Inn, Inc. Announces Results for Fiscal Year 2011
A New Concept and Strong Same Store Sales are the Basis for Continued Earnings Growth
Pizza Inn, Inc. (Nasdaq ZZ announced results for the fourth quarter and fiscal year ended June 26, 2011. Net income increased to $407,000, or $0.05 per share, for the fourth quarter compared to Net income of $49,000, or $0.01 per share, for the same quarter of the prior fiscal year. Revenues for the fourth quarter increased 10.0% to $11.3 million compared to $10.3 million for the same quarter of the prior fiscal year. Domestic same store sales increased 4.3% for the fourth fiscal quarter compared to the same quarter of the prior fiscal year driven by a 5.0% increase in same store sales for the buffet-style concept.
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