From Nation's Restaurant News · · 1m 50s
Pizza Inn, Pie Five miss first quarter sales targets
Pizza Inn and Pie Five report weaker same-store sales than expected for Q1 2027.
In brief
Pizza Inn and Pie Five report weaker same-store sales than expected for Q1 2027. Pizza Inn and Pie Five reported first quarter 2027 results with same-store sales down 4.2% and 18.2% respectively, missing expectations amid economic pressures. Originally reported by Nation's Restaurant News.
First quarter results
Pizza Inn and Pie Five reported first quarter 2027 results with same-store sales down 4.2% and 18.2% respectively.
Sales performance
Pizza Inn lapped 8.1% from the same period a year ago, while Pie Five was down 18.2% for a two-year stack of -27.3%.
CEO statement
CEO Brandon Solano said the quarterly results didn’t meet expectations as the chains faced challenging macroeconomic pressures.
Future plans
New product innovation is coming in December with advertising dollars earmarked to support the launch.
Unit count changes
Pizza Inn closed out the first quarter with 86 domestic locations, including 81 buffet locations.
Unit count decline
The company ended 2025 with 96 locations, marking an 8.6% decrease from the end of 2024.
Pie Five's performance
Pie Five finished the quarter with 13 locations and reported a 33.2% sales decline for 2025.
Historical context
Following its 2011 debut in Fort Worth, Texas, Pie Five peaked in 2017 with 84 units.
Industry trends
The pizza category experienced negative sales in 2025, with Blaze Pizza down 9.6% and MOD Pizza down 10.6% year-over-year.
Financial results
Rave reported net income of $0.7 million for Q1 2027, a 3.1% increase from the same period of the prior year.
Cash position
Cash and short-term investments totaled $14.8 million on Sept. 27, with operating cash exceeding $1.1 million.
CEO outlook
CEO Brandon Solano anticipates more unit decreases in future periods due to recent events with the multi-brand operator.
The essence
Pizza Inn and Pie Five reported first quarter 2027 results with same-store sales down 4.2% and 18.2% respectively, missing expectations amid economic pressures.
