THE COLONY, Texas — Profits and same-store sales were down at 400-unit Pizza Inn, which completed its second quarter (fiscal 2006) Dec. 25, 2005.
According to a regulatory filing, comps for the 12 weeks fell 1.8 percent versus the same period in 2004, and the chain lost $601,000 compared to a profit of $51,000. Revenue for the period was $12.8 million versus $13.8 million, a decline of 7 percent.
Pizza Inn president and chief executive Tim Taft said despite its current struggle, the chain is focusing on the fundamentals of its business to reverse negative trends.
"We continue to make significant progress in the areas of new franchisee selection, existing franchisee evaluation, new store development and improved unit-level profitability," said Taft. "Additionally, our 2006 marketing plan is taking an entirely new approach to improving comparable-store sales by focusing on the brand's competitive strengths. Much is being accomplished at Pizza Inn, however, much work remains."