Pizza Inn (PZZI) gets burned to the tune of 17% premarket after reporting a FQ3 loss of $0.4M or...

|By:, SA News Editor

Pizza Inn (PZZI) gets burned to the tune of 17% premarket after reporting a FQ3 loss of $0.4M or $0.05 per share, down from net income of $0.1M or $0.01 per share in FQ3 2012. Revenues fell 10% Y/Y. Development costs rose for the Pie Five Pizza concept and franchising revenue was lower on a decrease in the average number of restaurants and an 8.1% decrease in same-store sales. (PR)