Exhibit 99.2
| PIZZA INN, INC. | ||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
| (In thousands, except per share amounts) | ||||||||
| Year Ended | ||||||||
| June 27, | June 28, | |||||||
| REVENUES: | 2010 | 2009 | ||||||
| Food and supply sales | $ | 33,945 | $ | 37,793 | ||||
| Franchise revenue | 4,067 | 4,180 | ||||||
| Restaurant sales | 2,858 | 1,873 | ||||||
| 40,870 | 43,846 | |||||||
| COSTS AND EXPENSES: | ||||||||
| Cost of sales | 33,023 | 36,355 | ||||||
| Franchise expenses | 1,950 | 1,929 | ||||||
| General and administrative expenses | 3,449 | 3,217 | ||||||
| Severance | - | 68 | ||||||
| Provision for bad debts | 155 | 75 | ||||||
| Litigation costs | - | 263 | ||||||
| Interest expense | 62 | 57 | ||||||
| 38,639 | 41,964 | |||||||
| INCOME FROM CONTINUING | ||||||||
| OPERATIONS BEFORE TAXES | 2,231 | 1,882 | ||||||
| Income tax expense | 786 | 531 | ||||||
| INCOME FROM | ||||||||
| CONTINUING OPERATIONS | 1,445 | 1,351 | ||||||
| Loss from discontinued | ||||||||
| operations, net of income tax benefit | (281 | ) | (179 | ) | ||||
| NET INCOME | $ | 1,164 | $ | 1,172 | ||||
| EARNINGS (LOSS) PER SHARE OF COMMON | ||||||||
| STOCK - BASIC: | ||||||||
| Income from continuing operations | $ | 0.18 | $ | 0.16 | ||||
| Loss from discontinued operations | $ | (0.03 | ) | $ | (0.02 | ) | ||
| Net income | $ | 0.15 | $ | 0.14 | ||||
| EARNINGS (LOSS) PER SHARE OF COMMON | ||||||||
| STOCK - DILUTED: | ||||||||
| Income from continuing operations | $ | 0.18 | $ | 0.16 | ||||
| Loss from discontinued operations | $ | (0.03 | ) | $ | (0.02 | ) | ||
| Net income | $ | 0.15 | $ | 0.14 | ||||
| Weighted average common | ||||||||
| shares outstanding - basic | 8,011 | 8,580 | ||||||
| Weighted average common | ||||||||
| shares outstanding - diluted | 8,011 | 8,580 | ||||||