SEGMENT REPORTING

12 Months Ended

Jun. 29, 2025

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE K - SEGMENT REPORTING:

The Company has three reportable operating segments as determined by management using the “management approach” as defined by ASC 280 Disclosures about Segments of an Enterprise and Related Information: (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. Corporate administration costs, which include, but are not limited to, general accounting, human resources, legal and credit and collections, 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 are 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 net operating revenues, depreciation and amortization expense, and income before taxes for the Company's reportable segments as of and for the fiscal years ended June 29, 2025, June 30, 2024, and June 25, 2023 (in thousands):

	Pizza Inn Franchising						Pie Five Franchising							Corporate									Total
	Fiscal Year Ended						Fiscal Year Ended							Fiscal Year Ended									Fiscal Year Ended
		June 29, 2025		June 30, 2024		June 25, 2023			June 29, 2025		June 30, 2024		June 25, 2023		June 29, 2025			June 30, 2024			June 25, 2023			June 29, 2025			June 30, 2024			June 25, 2023
REVENUES:
Franchise royalties	$	3,988	$	3,913	$	3,880			632	$	931	$	1,098	$	—		$	—		$	—		$	4,620		$	4,844		$	4,978
Supplier and distributor incentive revenues		4,660		4,454		4,045			280		379		373		—			—			—			4,940			4,833			4,418
Franchise license fees		89		174		102			64		107		50		—			—			—			153			281			152
Area development exclusivity fees and foreign master license fees		9		10		11			4		5		7		—			—			—			13			15			18
Advertising fund contributions		1,827		1,527		1,600			204		287		343		—			—			—			2,031			1,814			1,943
Supplier convention funds		217		217		172			—		—		—		—			—			—			217			217			172
Rental income		—		—		—			—		—		—		53			131			186			53			131			186
Other		—		—		—			12		15		22		—			—			—			12			15			22
Total revenues		10,790		10,295		9,810			1,196		1,724		1,893		53			131			186			12,039			12,150			11,889
COSTS AND EXPENSES:
General and administrative expenses		—		—		—			—		—		—		5,215			5,267			5,490			5,215			5,267			5,490
Franchise expenses		2,997		2,985		3,059			400		671		897		—			—			—			3,397			3,656			3,956
Impairment of long-lived assets and other lease charges		—		—		—			—		—		—		—			—			5			—			—			5
Provision (recovery) for credit losses		—		—		—			—		—		—		(21	)		69			73			(21	)		69			73
Interest (income) expense		—		—		—			—		—		—		(354	)		(153	)		1			(354	)		(153	)		1
Depreciation and amortization expense		—		—		—			—		—		—		182			219			214			182			219			214
Total costs and expenses		2,997		2,985		3,059			400		671		897		5,022			5,402			5,783			8,419			9,058			9,739
INCOME/(LOSS) BEFORE TAXES		7,793		7,310		6,751			796		1,053		996		(4,969	)		(5,271	)		(5,597	)		3,620			3,092			2,150
Income tax expense		—		—		—			—		—		—		918			619			537			918			619			537
NET INCOME/(LOSS)	$	7,793	$	7,310	$	6,751		$	796	$	1,053	$	996	$	(5,887	)	$	(5,890	)	$	(6,134	)	$	2,702		$	2,473		$	1,613

The following table provides information on our foreign and domestic revenues:

	Fiscal Year Ended
	June 29, 2025		June 30, 2024		June 25, 2023
Geographic information (revenues):
United States	$	11,791	$	11,940	$	11,627
Foreign countries		248		210		262
Consolidated revenues	$	12,039	$	12,150	$	11,889