Private company

Pizza Inn

American pizza chain

Pizza Inn is a Dallas-based restaurant chain and international food franchise, specializing in American-style pan pizza, pasta, and side dishes, owned by Rave Restaurant Group. The company is based in the Dallas suburb of The Colony, Texas.3 From Wikipedia, CC BY-SA 4.0

Last updated Oct 19, 2026.

Overview

1958Founded1
  • Industryrestaurant1
  • HeadquartersThe Colony1
  • Founded inDallas1
  • Websitewww.pizzainn.com
  • Listed onNasdaq (RAVE)1
Pizza Inn in Popular Bluff, MO
Photo: User:Ichabod, CC BY-SA 3.0, via Wikimedia Commons5

Pizza Inn is a Dallas-based restaurant chain and international food franchise, specializing in American-style pan pizza, pasta, and side dishes, owned by Rave Restaurant Group.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Supplier And Distributor Incentive Revenues brought in 44% of the revenue Pizza Inn broke down this way in fiscal 2026.

  1. Supplier And Distributor Incentive Revenues$5.7M644%up 16% from 2025
  2. Franchise Royalties$4.7M636%up 1% from 2025
  3. Advertising Funds$2.2M617%up 6% from 2025
  4. Supplier Convention Funds$209.0K62%down 4% from 2025
  5. Franchise License Fees$106.0K61%down 31% from 2025
  6. Other Revenues$15.0K60%up 25% from 2025
  7. Area Development Exclusivity Fees And Foreign Master License Fees$12.0K60%down 8% from 2025
Products and services by year
Products and services202420252026
Supplier And Distributor Incentive Revenues$4.8M$4.9M$5.7M
Franchise Royalties$4.8M$4.6M$4.7M
Advertising Funds$1.8M$2.0M$2.2M
Supplier Convention Funds$217.0K$217.0K$209.0K
Franchise License Fees$281.0K$153.0K$106.0K
Other Revenues$15.0K$12.0K$15.0K
Area Development Exclusivity Fees And Foreign Master License Fees$15.0K$13.0K$12.0K

Business segments

Pizza Inn Franchising brought in 93% of the revenue Pizza Inn broke down this way in fiscal 2026.

  1. Pizza Inn Franchising$12.0M693%up 11% from 2025
  2. Pie Five Franchising$915.0K67%down 23% from 2025
Business segments by year
Business segments202420252026
Pizza Inn Franchising$10.3M$10.8M$12.0M
Pie Five Franchising$1.7M$1.2M$915.0K

Financial statements

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-06-302025-06-302024-06-30
REVENUES$12.9M$12.0M$12.2M
General and administrative expenses$5.9M$5.2M$5.3M
Franchise expenses$3.4M$3.4M$3.7M
Provision (recovery) for credit losses$7.0K-$21.0K$69.0K
Depreciation and amortization expense$167.0K$182.0K$219.0K
Total costs and expenses$9.4M$8.8M$9.2M
OPERATING INCOME$3.5M$3.2M$2.9M
Interest income$391.0K$354.0K$153.0K
Other income$19.0K$19.0K$10.0K
INCOME BEFORE TAXES$3.9M$3.6M$3.1M
Income tax expense$1.0M$918.0K$619.0K
NET INCOME$2.9M$2.7M$2.5M
Basic (in Dollars per share)$0.20$0.19$0.17
Diluted (in Dollars per share)$0.20$0.19$0.17
Basic (in Shares)14.2M shares14.5M shares14.4M shares
Diluted (in Shares)14.3M shares14.6M shares14.6M shares

Compare Pizza Inn with another company

The story

In 1958, two Texas brothers, F.J. (Joe) and R. L. Spillman, opened the first Pizza Inn in Dallas.

In the mid-1980s, the restaurant chain had a commercial deal with the Von Erich family, with Kerry Von Erich, Kevin Von Erich, and Mike Von Erich appearing in a series of televised commercials. [1]

In June 2011, Pizza Inn launched the fast casual restaurant Pie Five Pizza, which specializes in customizable pizzas that are made within five minutes, in Fort Worth, Texas. They had five locations within the Fort Worth area by the end of the year. As of January 2015, they had 31 locations.

In October 2011, Pizza Inn opened their first of five planned Chinese locations in Hangzhou, China.

Former PepsiCo and Yum! Brands executive Randy Gier joined the company in 2012. He was CEO until 2016.

On January 9, 2015, the parent company Pizza Inn Holdings (ticker symbol: "PZZI") was rebranded as a portfolio company named Rave Restaurant Group (ticker symbol: "RAVE") as Pie Five Pizza locations began to increase.

In May 2018, Rave Restaurant Group opened its first PIE by Pizza Inn Express pizza kiosks with Delaware North at the Fort Lauderdale–Hollywood International Airport.

On February 5, 2021, Pizza Inn reported improving sales amid hectic environment during the COVID-19 pandemic. In the period ending December 27, domestic same-store sales decreased from $18.95 million to $15.46 million, or 18.4 percent for the company, which is the chain's best performing quarter since the pandemic began. Pizza Inn also saw comparative sales drop 39 percent in the quarter ending June 28 and 22 percent in the quarter ending September 27.

Read the full text

Pizza Inn has experienced sustained growth in recent years, with continued gains in both domestic comparable-store sales and restaurant development. In fiscal 2026, the brand reported positive domestic comparable-store sales growth of 8.1% in the first quarter and 2.5% in the second quarter, while continuing to expand its domestic restaurant footprint.[2]

From Wikipedia’s article on Pizza Inn, shared under CC BY-SA 4.0.4

Leadership

Who has led Pizza Inn, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Charles R. Morrison2007
197019801990200020102020
Board members and other officers (1)

Timeline

  1. Jan 9, 2015Went public Listed on NASDAQ1
  2. 1958Founded Founded in Dallas1

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 33. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Saber Capital Managment, LLC701,483$2.3M1.6%+541,014
Renaissance Technologies LLC268,149$876.8K0.0%+91,088
Vanguard Capital Management LLC242,298$792.3K0.0%+18,851
Watchman Group, Inc.182,800$597.8K0.1%No change
Corsair Capital Management, L.P.145,302$475.1K0.1%No change
Geode Capital Management, LLC130,257$426.0K0.0%+21,283
True North Advisors, LLC106,678$348.8K0.0%No change
BlackRock, Inc.71,198$232.8K0.0%+15,178
Vanguard Fiduciary Trust Co64,625$211.3K0.0%+442
Citadel Advisors LLC52,438$171.5K0.0%New
Dimensional Fund Advisors LP42,988$140.6K0.0%+3,893
XTX Topco Ltd41,122$134.5K0.0%+27,093
NewEdge Advisors, LLC33,067$108.1K0.0%+8,067
State Street Corp27,641$90.4K0.0%No change
Northern Trust Corp25,125$82.2K0.0%+3,402
James Investment Research, Inc.25,000$81.8K0.0%No change
Evergreen Capital Management LLC20,265$66.3K0.0%No change
Centiva Capital, LP17,488$57.2K0.0%+4,912
Jane Street Group, LLC15,759$51.5K0.0%+3,036
Susquehanna International Group, Llp11,483$37.5K0.0%−19,280
Charles Schwab Investment Management Inc10,012$32.7K0.0%No change
Morgan Stanley10,000$32.7K0.0%−4,397
Citigroup Inc2,183$7.1K0.0%New
Simplex Trading, LLC1,769$5.8K0.0%+1,634
UBS Group AG1,321$4.3K0.0%+26

13F reports cover disclosed long positions in U.S. stocks only.