v3.26.3
SEGMENT REPORTING
 12 Months Ended
Jun. 28, 2026
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
NOTE J - SEGMENT REPORTING:
 
The Company has three reportable operating segments as determined by management using the “management approach” as defined by ASC 280 Segment Reporting: (1) Pizza Inn Franchising, (2) Pie Five Franchising and (3) Corporate administration and other. These segments are a result of differences in the nature of the products and services sold. Administrative costs, which include, but are not limited to, general accounting, human resources, legal and credit and collections, and franchise expenses are partially allocated to the three operating segments. The Company's chief operating decision maker (“CODM”) is the chief executive officer, who assesses segment performance primarily based on operating revenues and income before taxes to inform decisions regarding resource allocation. In addition, the CODM uses segment income to evaluate investment opportunities and strategic priorities across the Company's brands.
 
The Pizza Inn and Pie Five Franchising segments establish franchisees, licensees and territorial rights. Revenue for these segments is derived from franchise royalties, franchise fees, sale of area development and foreign master license rights and incentive payments from third-party suppliers and distributors. Assets for these segments include equipment, furniture and fixtures.
 
Corporate administration and other assets primarily include cash and short-term investments, as well as furniture and fixtures located at the corporate office and trademarks and other intangible assets. All assets are located within the United States.
 
Summarized in the following tables are revenues, expenses, operating income, and income before taxes for the Company's reportable segments for the fiscal years ended June 28, 2026, June 29, 2025, and June 30, 2024 (in thousands):
                                                                                                 
    Pizza Inn   Pie Five        
    Franchising     Franchising     Corporate     Total  
    Fiscal Year Ended   Fiscal Year Ended   Fiscal Year Ended   Fiscal Year Ended
      June 28,
2026		       June 29,
2025 		      June 30,
2024 		      June 28,
2026 		      June 29,
2025 		      June 30,
2024 		      June 28,
2026 		      June 29,
2025 		      June 30,
2024 		      June 28,
2026 		      June 29,
2025 		      June 30,
2024 		 
REVENUES:
                                                                                               
Franchise royalties
 
$
4,182    
$
3,988    
$
3,913    
$
497    
$
632    
$
931    
$
-    
$
-    
$
-    
$
4,679    
$
4,620    
$
4,844  
Supplier and distributor incentive revenues
    5,501       4,660       4,454       227       280       379       -       -       -       5,728       4,940       4,833  
Franchise license fees
    90       89       174       16       64       107       -       -       -       106       153       281  
Area development exclusivity fees and foreign master license fees
    10       9       10       2       4       5       -       -       -       12       13       15  
Advertising fund contributions
    2,003       1,827       1,527       158       204       287       -       -       -       2,161       2,031       1,814  
Supplier convention funds
    209       217       217       -       -       -       -       -       -       209       217       217  
Rental income
    -       -       -       -       -       -       -       53       131       -       53       131  
Other franchise revenue
    -       -       -       15       12       15       -       -       -       15       12       15  
Total revenues
    11,995       10,790       10,295       915       1,196       1,724       -       53       131       12,910       12,039       12,150  
                                                                                                 
COSTS AND EXPENSES:
                                                                                               
General and administrative expenses
    -       -       -       -       -       -       5,898       5,234       5,277       5,898       5,234       5,277  
Franchise expenses
    3,091       2,997       2,985       273       400       671       -       -       -       3,364       3,397       3,656  
Provision (recovery) for credit losses
    -       -       -       -       -       -       7       (21
)
    69       7       (21
)
    69  
Depreciation and amortization expense
    -       -       -       -       -       -       167       182       219       167       182       219  
Total costs and expenses
    3,091       2,997       2,985       273       400       671       6,072       5,395       5,565       9,436       8,792       9,221  
                                                                                                 
OPERATING INCOME
    8,904       7,793       7,310       642       796       1,053       (6,072
)
    (5,342
)
    (5,434
)
    3,474       3,247       2,929  
Interest income
    -       -       -       -       -       -       391       354       153       391       354       153  
Other Income
    -       -       -       -       -       -       19       19       10       19       19       10  
Total other income
    -       -       -       -       -       -       410       373       163       410       373       163  
                                                                                                 
INCOME/(LOSS) BEFORE TAXES
    8,904       7,793       7,310       642       796       1,053       (5,662
)
    (4,969
)
    (5,271
)
    3,884       3,620       3,092  
Income tax expense
    -       -       -       -       -       -       1,006       918       619       1,006       918       619  
NET INCOME/(LOSS)
 
$
8,904    
$
7,793    
$
7,310    
$
642    
$
796    
$
1,053    
$
(6,668
)
 
$
(5,887
)
 
$
(5,890
)
 
$
2,878    
$
2,702    
$
2,473  
 
The following table provides information on our foreign and domestic revenues:
 
                         
    Fiscal Year Ended  
    June 28,
2026 		    June 29,
2025 		    June 30,
2024 		 
Geographic information (revenues):
                       
United States
 
$
12,741    
$
11,791    
$
11,940  
Foreign countries
    169       248       210  
Consolidated revenues
 
$
12,910    
$
12,039    
$
12,150