Pizza Inn, Inc. Reports $646,000 First Quarter Profit
Pizza Inn, Inc.
Seven of our first fourteen delivery units slated to add in-store dining and a self-serve buffet are open and hitting sales goals with initial sales in these units up over 20%. Our goal of reducing the opening and operating costs with this smaller prototype has been met by these new units. All fourteen of these units will be converted by the end of November. We have also launched our new franchisee advertising featuring this unique self-serve buffet and delivery format, and current franchisee interest in this concept is encouraging.
Pizza Inn, Inc. is the franchisor and food distributor for 482 Pizza Inn restaurants operating in the U.S. and other countries.
Pizza Inn, Inc. For more information contact: 5050 Quorum Drive Ronald W. Parker Suite 500 President Dallas, Texas 75240 (972) 701-9955
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) Quarter Ended September 24, September 26, 2000 1999 Revenue $16,816 $17,394 Income before taxes $ 1,033 $ 1,137 Net Income $ 646 $ 747 Diluted earnings per share $ 0.06 $ 0.07 Basic earnings per share $ 0.06 $ 0.07 Weighted average shares outstanding: Diluted 10,743,122 11,469,582 Basic 10,733,152 11,249,694
SOURCE: Pizza Inn, Inc.
Contact: Ronald W. Parker, President of Pizza Inn, Inc., 972-701-9955