(Source: Datamonitor)
Pizza Inn, an owner and franchisor of restaurants, has reported a net income of $366,000 or $0.05 per share for the first quarter of fiscal year 2010 ended September 27, 2009, compared to a net income of $293,000 or $0.03 per share in the same quarter of fiscal year 2009.
The company's total revenues for the first quarter of fiscal year 2010 were $10 million, compared to $11.4 million in the first quarter of fiscal year 2009.
Charlie Morrison, president and CEO of Pizza Inn, said: "Over the past two years, we have communicated that the keys to long-term sustainable growth and rejuvenation of the Pizza Inn brand centered around slowing the rate of buffet closures, successfully opening new company-operated restaurants, and building a pipeline of new franchise openings for the future. First quarter results demonstrate that these initiatives are working."
A service of YellowBrix, Inc.
