Rave Restaurant Group shares surge 16.13% intraday after reporting 22.6% net income growth, 15.3% Adjusted EBITDA increase, and 8.1% Pizza Inn domestic same-store sales rise in Q1 2026.

RAVE Restaurant Group surged 16.13% intraday following its Q1 2026 earnings report, which highlighted a 22.6% year-over-year net income increase to $0.6 million, a 15.3% rise in Adjusted EBITDA to $0.8 million, and 8.1% growth in Pizza Inn domestic comparable store sales. Management attributed the results to successful value-driven promotions, disciplined cost control, and new unit openings, with cash reserves exceeding $10.5 million. The report emphasized Pizza Inn’s outperformance and a strategic expansion plan, including a media-supported I$8 promotion expansion in January. These strong earnings, profitability growth, and positive operational momentum aligned with the stock’s sharp intraday rally.