TL;DR
Pie Five and Pizza Inn, Rave Restaurant Group pizza chains, continued to experience a decline in sales in Q3, but the net loss narrowed. The brand leadership teams are focusing on improving operations to turn things around.
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.
In this story
This story was originally published in 1851 Franchise on May 10, 2018. Burnaze summarizes and links to the original reporting.
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