Pizza Inn Announces 1st Quarter Financial Results
PIZZA INN, INC.
Certain statements in this press release, other than historical information, may be considered forward-looking statements, within the meeting of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and are subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on Pizza Inn's operating results, performance or financial condition are its ability to implement its growth strategies, national, regional and local economic conditions affecting the restaurant industry, competition within each of the restaurant industries, store sales cannibalization, success of its franchise operations, negative publicity, fluctuations in quarterly results of operations, including seasonality, government regulations, weather, commodity, insurance and labor costs.
Pizza Inn, Inc. is headquartered in The Colony, Texas, along with its distribution division, Norco Restaurant Distribution Services. Pizza Inn represents over 400 restaurants with annual sales of approximately $170 million.
Pizza Inn, Inc. For more information contact: 3551 Plano Parkway Ronald W. Parker The Colony, TX 75056 President and Chief Executive Officer (469) 384-5000
For more information about the company, visit Pizza Inn at http://www.pizzainn.com/ .
PIZZA INN, INC. (In thousands, except share and per share amounts) Sept. 26, Sept. 28, 2004 2003 Revenue $14,421 $15,376 Income before taxes $441 $764 Net Income $285 $504 Diluted earnings per share $0.03 $0.05 Basic earnings per share $0.03 $0.05 Weighted average shares outstanding: Diluted 10,168,621 10,086,059 Basic 10,133,674 10,059,223
SOURCE: Pizza Inn, Inc.
CONTACT: Ronald W. Parker, President and Chief Executive Officer of
Pizza Inn, Inc., +1-469-384-5000
Web site: http://www.pizzainn.com/