| Segment Reporting Information |
Summarized in the following tables are revenues, expenses, operating income, and income before taxes for the Company’s reportable segments as of the three and nine months ended March 29, 2026 and March 30, 2025 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
|
Pizza Inn | |
|
Pie Five | |
|
| |
|
| |
| |
|
Franchising
| |
|
Franchising
| |
|
Corporate
| |
|
Total
| |
| |
|
Three Months Ended
| |
|
Three Months Ended
| |
|
Three Months Ended
| |
|
Three Months Ended
| |
| |
|
|
March 29,
|
|
|
|
March 30,
|
|
|
|
March 29,
|
|
|
|
March 30,
|
|
|
|
March 29,
|
|
|
|
March 30,
|
|
|
|
March 29,
|
|
|
|
March 30,
|
|
| |
|
|
2026
|
|
|
|
2025
|
|
|
|
2026
|
|
|
|
2025
|
|
|
|
2026
|
|
|
|
2025
|
|
|
|
2026
|
|
|
|
2025
|
|
|
REVENUES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Franchise royalties
|
|
$ |
1,065 |
|
|
$ |
996 |
|
|
$ |
119 |
|
|
$ |
160 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,184 |
|
|
$ |
1,156 |
|
|
Supplier and distributor
incentive revenues
|
|
|
1,384 |
|
|
|
1,165 |
|
|
|
65 |
|
|
|
65 |
|
|
|
- |
|
|
|
- |
|
|
|
1,449 |
|
|
|
1,230 |
|
|
Franchise license fees
|
|
|
23 |
|
|
|
35 |
|
|
|
4 |
|
|
|
17 |
|
|
|
- |
|
|
|
- |
|
|
|
27 |
|
|
|
52 |
|
|
Area development
exclusivity fees and foreign master license fees
|
|
|
3 |
|
|
|
2 |
|
|
|
- |
|
|
|
1 |
|
|
|
- |
|
|
|
- |
|
|
|
3 |
|
|
|
3 |
|
|
Advertising fund contributions
|
|
|
510 |
|
|
|
463 |
|
|
|
38 |
|
|
|
51 |
|
|
|
- |
|
|
|
- |
|
|
|
548 |
|
|
|
514 |
|
|
Supplier convention funds
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Rental income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
7 |
|
|
|
- |
|
|
|
7 |
|
|
Other franchise revenue
|
|
|
- |
|
|
|
- |
|
|
|
12 |
|
|
|
4 |
|
|
|
- |
|
|
|
- |
|
|
|
12 |
|
|
|
4 |
|
|
Total revenues
|
|
|
2,985 |
|
|
|
2,661 |
|
|
|
238 |
|
|
|
298 |
|
|
|
- |
|
|
|
7 |
|
|
|
3,223 |
|
|
|
2,966 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COSTS AND EXPENSES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General and administrative
expenses
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,468 |
|
|
|
1,313 |
|
|
|
1,468 |
|
|
|
1,313 |
|
|
Franchise expenses
|
|
|
686 |
|
|
|
671 |
|
|
|
61 |
|
|
|
97 |
|
|
|
- |
|
|
|
- |
|
|
|
747 |
|
|
|
768 |
|
|
Provision for credit losses
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
9 |
|
|
|
(14 |
) |
|
|
9 |
|
|
|
(14 |
) |
|
Depreciation and amortization expense
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
42 |
|
|
|
44 |
|
|
|
42 |
|
|
|
44 |
|
|
Total costs and expenses
|
|
|
686 |
|
|
|
671 |
|
|
|
61 |
|
|
|
97 |
|
|
|
1,519 |
|
|
|
1,343 |
|
|
|
2,266 |
|
|
|
2,111 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING INCOME
|
|
|
2,299 |
|
|
|
1,990 |
|
|
|
177 |
|
|
|
201 |
|
|
|
(1,519 |
) |
|
|
(1,336 |
) |
|
|
957 |
|
|
|
855 |
|
|
Interest income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
98 |
|
|
|
84 |
|
|
|
98 |
|
|
|
84 |
|
|
Other income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
11 |
|
|
|
- |
|
|
|
11 |
|
|
Total other income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
98 |
|
|
|
95 |
|
|
|
98 |
|
|
|
95 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCOME/(LOSS) BEFORE TAXES
|
|
|
2,299 |
|
|
|
1,990 |
|
|
|
177 |
|
|
|
201 |
|
|
|
(1,421 |
) |
|
|
(1,241 |
) |
|
|
1,055 |
|
|
|
950 |
|
|
Income tax expense
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
255 |
|
|
|
228 |
|
|
|
255 |
|
|
|
228 |
|
|
NET INCOME/(LOSS)
|
|
$ |
2,299 |
|
|
$ |
1,990 |
|
|
$ |
177 |
|
|
$ |
201 |
|
|
$ |
(1,676 |
) |
|
$ |
(1,469 |
) |
|
$ |
800 |
|
|
$ |
722 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
|
Pizza Inn
| |
|
Pie Five
| |
|
|
|
|
| |
|
Franchising
| |
|
Franchising
| |
|
Corporate
| |
|
Total
| |
| |
|
Nine Months Ended
|
|
Nine Months Ended
|
|
Nine Months Ended
|
|
Nine Months Ended
|
| |
|
|
March 29,
|
|
|
|
March 30,
|
|
|
|
March 29,
|
|
|
|
March 30,
|
|
|
|
March 29,
|
|
|
|
March 30,
|
|
|
|
March 29,
|
|
|
|
March 30,
|
|
| |
|
|
2026
|
|
|
|
2025
|
|
|
|
2026
|
|
|
|
2025
|
|
|
|
2026
|
|
|
|
2025
|
|
|
|
2026
|
|
|
|
2025
|
|
|
REVENUES:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Franchise royalties
|
|
$ |
3,107 |
|
|
$ |
2,929 |
|
|
$ |
388 |
|
|
$ |
491 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,495 |
|
|
$ |
3,420 |
|
|
Supplier and distributor
incentive revenues
|
|
|
3,912 |
|
|
|
3,371 |
|
|
|
173 |
|
|
|
207 |
|
|
|
- |
|
|
|
- |
|
|
|
4,085 |
|
|
|
3,578 |
|
|
Franchise license fees
|
|
|
58 |
|
|
|
76 |
|
|
|
12 |
|
|
|
40 |
|
|
|
- |
|
|
|
- |
|
|
|
70 |
|
|
|
116 |
|
|
Area development
exclusivity fees and foreign master license fees
|
|
|
7 |
|
|
|
7 |
|
|
|
2 |
|
|
|
3 |
|
|
|
- |
|
|
|
- |
|
|
|
9 |
|
|
|
10 |
|
|
Advertising fund contributions
|
|
|
1,474 |
|
|
|
1,321 |
|
|
|
124 |
|
|
|
159 |
|
|
|
- |
|
|
|
- |
|
|
|
1,598 |
|
|
|
1,480 |
|
|
Supplier convention funds
|
|
|
209 |
|
|
|
217 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
209 |
|
|
|
217 |
|
|
Rental income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
53 |
|
|
|
- |
|
|
|
53 |
|
|
Other franchise revenue
|
|
|
- |
|
|
|
- |
|
|
|
12 |
|
|
|
11 |
|
|
|
- |
|
|
|
- |
|
|
|
12 |
|
|
|
11 |
|
|
Total revenues
|
|
|
8,767 |
|
|
|
7,921 |
|
|
|
711 |
|
|
|
911 |
|
|
|
- |
|
|
|
53 |
|
|
|
9,478 |
|
|
|
8,885 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COSTS AND EXPENSES:
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
General and administrative
expenses
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
4,365 |
|
|
|
4,047 |
|
|
|
4,365 |
|
|
|
4,047 |
|
|
Franchise expenses
|
|
|
2,345 |
|
|
|
2,284 |
|
|
|
171 |
|
|
|
308 |
|
|
|
- |
|
|
|
- |
|
|
|
2,516 |
|
|
|
2,592 |
|
|
Provision (recovery) for
credit losses
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
20 |
|
|
|
(22 |
) |
|
|
20 |
|
|
|
(22 |
) |
|
Depreciation and amortization expense
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
126 |
|
|
|
140 |
|
|
|
126 |
|
|
|
140 |
|
|
Total costs and expenses
|
|
|
2,345 |
|
|
|
2,284 |
|
|
|
171 |
|
|
|
308 |
|
|
|
4,511 |
|
|
|
4,165 |
|
|
|
7,027 |
|
|
|
6,757 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING INCOME
|
|
|
6,422 |
|
|
|
5,637 |
|
|
|
540 |
|
|
|
603 |
|
|
|
(4,511 |
) |
|
|
(4,112 |
) |
|
|
2,451 |
|
|
|
2,128 |
|
|
Interest income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
280 |
|
|
|
253 |
|
|
|
280 |
|
|
|
253 |
|
|
Other Income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
17 |
|
|
|
15 |
|
|
|
17 |
|
|
|
15 |
|
|
Total other income
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
297 |
|
|
|
268 |
|
|
|
297 |
|
|
|
268 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCOME/(LOSS) BEFORE TAXES
|
|
|
6,422 |
|
|
|
5,637 |
|
|
|
540 |
|
|
|
603 |
|
|
|
(4,214 |
) |
|
|
(3,844 |
) |
|
|
2,748 |
|
|
|
2,396 |
|
|
Income tax expense
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
666 |
|
|
|
541 |
|
|
|
666 |
|
|
|
541 |
|
|
NET INCOME/(LOSS)
|
|
$ |
6,422 |
|
|
$ |
5,637 |
|
|
$ |
540 |
|
|
$ |
603 |
|
|
$ |
(4,880 |
) |
|
$ |
(4,385 |
) |
|
$ |
2,082 |
|
|
$ |
1,855 |
|
|