and RAVE Good Investor section. quarter fourth Everyone this have fourth morning. joining was release release earnings at afternoon thank you should www.raverg.com quarter our to be and The Restaurant access XXXX and released Relations call. earnings that Group’s conference for fiscal can fiscal found press XXXX year the in
forward-looking and that put include you begin, we I detailed our These future from are recent Before risks to forward-looking risks to our of impact will statements discussions that expect. discussion results that today filings could should on to of of actual everyone would differ what guarantees to These our part a for conditions. remind of you numerous SEC materially financial therefore, statements. also the future undue more could statements We uncertainties operating not cause and subject are them. we like refer and performance, reliance not results all
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sales. comparability XX we XXXX retail presentation fiscal annual of included sales total the and and to both weeks the have XXXX included comparable of fiscal XX first improve in since periods Also and included fiscal XXXX weeks, store retail week
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in a international XX. units benefit. its net decreased Five Pie open The compared increase deferred open tax year year $X.X X XXXX to the assets by reversal valuation was by bringing at million year Annual of the in fiscal of the total the fiscal to the at XXXX $X.X adjusted to the International resulted units ended million XXXX allowance against units. fiscal prior units increased in of million open Domestic end year XXXX bringing Pizza partial year. Inn that $X.X the EBITDA Inn tax an the year XXX. company maintained the with XX prior Pizza units year domestic during to XX of the end during total fiscal compared
end of one quarter opening fiscal the continue rolling bringing PIE in the of year the or fourth count at with We the out new Express the quarter. unit Pizza X Inn XXXX to
potential continues Only a and to PIE of started months Today, this quality in Our slate to took both concept in gain that a development space traction. experience a operational define PIE is opportunities XX of and ago pipeline our customer restaurants. restaurant is we same year it licensees concepts seamless are have with promising nontraditional this multiunit significant. develop a the found provides growing. branded The concept pizza systems. for the and store model traditional we convenience with the blank one and only
The cash cash $X.X resulted activities. from by in equivalents provided provided cash by in by as million activities, $X.X June to over year provided the XXXX, of prior financing $X.X company's and activities, increased improvement cash end. million $X.X in and $X.X equivalents investment in million increase cash operating cash-on-cash million XX, The million
and As we earnings financial variance quarterly great brand reminder, line specific release tables average of income comp SEC statement, item volumes restaurant filings. a a and unit our non-comp in disclose performance includes deal details specific explanations. and brand our in This information and and operating
Our with SEC Form the was XX-K today. earlier filed
in us, have place remain and results. progress we've made, recognize the proud and challenges overcome the people plans we're front the and closing, in them that we believe of achieve In of to still the
line let's that, for With the open questions.
