fbpx

Pizza Inn, Inc. Reports Fiscal 2000 EPS up 9%; Net Income up 5%; Comp Sales Up 1.2%

Pizza Inn, Inc. today reported earnings per share for fiscal year 2000 of 25 cents, up 9% from 23 cents in fiscal 1999. Net income was $2,884,000 versus $2,752,000, an increase of 5%, on revenues of approximately $66.3 million in both years. Fourth quarter 2000 earnings per share were 7 cents versus 7 cents for last year's comparative quarter. Net income for the fourth quarter was $719,000 versus $777,000 on revenues of $16.6 million versus $16.3 million in 1999.

Comparable chainwide same-store sales for all of fiscal 2000 were up 1.2%. Additionally, the Company opened 42 new units, resulting mainly in the replacement of older, underperforming units. For fiscal year 2001, the Company plans to open about twice as many new units (approximately 75) with more than half the new restaurants contributing to net store growth.

During the year, the Company also reported that it repurchased 1.7 million shares of its common stock in open market trades.

On August 15, 2000, there were 491 Pizza Inn locations (3 domestic company-owned, 413 domestic franchised and 75 international franchised) operating in 22 states and 16 international markets.

   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 https://www.pizzainn.com/.

                               PIZZA INN, INC.
              (In thousands, except share and per share amounts)

              4th Quarter

                                   June 25,           June 27,
                                     2000               1999

  Revenue                          $16,612            $16,330

  Income before taxes              $ 1,104            $ 1,225

  Net Income                       $   719            $   777

  Diluted earnings per share       $  0.07            $  0.07

  Basic earnings per share         $  0.07            $  0.07

  Weighted average shares
   outstanding:
     Diluted                    10,934,726         11,621,278
     Basic                      10,876,132         11,427,326

           Twelve Months
                                   June 25,           June 27,
                                    2000               1999

  Revenue                          $66,304            $66,294

  Income before taxes              $ 4,389            $ 4,096

  Net Income                       $ 2,884            $ 2,752

  Diluted earnings per share       $  0.25            $  0.23

  Basic earnings per share         $  0.25            $  0.24

  Weighted average shares
   outstanding:
     Diluted                    11,441,222         12,153,710
     Basic                      11,316,552         11,678,141

SOURCE: Pizza Inn, Inc.

Contact: Ronald W. Parker, President of Pizza Inn, Inc., 972-701-9955