Rave Restaurant Group
#9686
Rank
$35.01M
Marketcap
United States
Country
Mr. Clinton Dayne Fendley (Chief Financial Officer)
Mr. Michael F. Burns Jr. (Exec. VP & COO)
Mr. Brandon L. Solano (Pres, CEO & Sec.)
Summary
History
In 1958, two Texas brothers, F.J. 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.
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 served as CEO until 2016.On January 9, 2015, the parent company Pizza Inn Holdings was rebranded as a portfolio company named Rave Restaurant Group 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.
Mission
Vision
Key Team
Ms. Christina Coy (VP of Marketing of Pie Five Pizza Co.)
Mr. Scott Black (VP of Operations at Pie Five)
Lisa Schlepp (Director of HR)
Deborah Lanning (Assistant Controller)
Recognition and Awards
References
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Mr. Clinton Dayne Fendley (Chief Financial Officer)
Mr. Michael F. Burns Jr. (Exec. VP & COO)
Mr. Brandon L. Solano (Pres, CEO & Sec.)