# Pizza Inn, Pie Five miss first quarter sales targets

> Pizza Inn and Pie Five report weaker same-store sales than expected for Q1 2027.
- Title: Pizza Inn, Pie Five miss first quarter sales targets
- Summary: Pizza Inn and Pie Five report weaker same-store sales than expected for Q1 2027.
- Keywords: pizza inn, pie five, rave restaurant group, same-store sales, q1 2027, economic pressures, restaurant sales, chain restaurants, Nation's Restaurant News
- Source: Nation's Restaurant News — https://nrn.com/restaurant-finance/pizza-inn-pie-five-fall-short-of-first-quarter-expectations
- Read time: 1 min
- Topics: pizza inn, pie five, rave restaurant group, same-store sales, q1 2027, economic pressures, restaurant sales, chain restaurants, food, business
## 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.
## Key takeaway

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.