First Quarter Highlights : -- Adjusted EBITDA decreased $0.4 million to a loss of $0.1 million compared to the first quarter of fiscal 2013. -- Net income decreased $0.3 million from the first quarter of fiscal 2013 to a loss of $0.4 million. -- Total Company-owned restaurant sales increased 32% over the prior year quarter to $2.4 million. -- The Company continues to invest to grow the Pie Five concept:
- Company-owned Pie Five restaurant sales increased 72% over the prior year quarter to $1.7 million.
- Four additional Pie Five multi-unit franchise development agreements were awarded in the quarter.
- Two franchised and two Company-owned Pie Five Pizza Co. restaurants opened in the quarter.