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<SEC-DOCUMENT>0000718332-04-000052.txt : 20041025
<SEC-HEADER>0000718332-04-000052.hdr.sgml : 20041025
<ACCEPTANCE-DATETIME>20041022205432
ACCESSION NUMBER:		0000718332-04-000052
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041022
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20041025
DATE AS OF CHANGE:		20041022

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIZZA INN INC /MO/
		CENTRAL INDEX KEY:			0000718332
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-GROCERIES & RELATED PRODUCTS [5140]
		IRS NUMBER:				470654575
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			0626

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12919
		FILM NUMBER:		041092882

	BUSINESS ADDRESS:	
		STREET 1:		5050 QUORUM DR STE 500
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240
		BUSINESS PHONE:		2147019955

	MAIL ADDRESS:	
		STREET 1:		5050 QUORUM DR STE 500
		STREET 2:		5050 QUORUM DR STE 500
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PANTERAS CORP
		DATE OF NAME CHANGE:	19901126

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONCEPT DEVELOPMENT INC
		DATE OF NAME CHANGE:	19870212
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>doc1.txt
<TEXT>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549



                         ______________________________

                                    FORM 8-K
                            _________________________

                                 CURRENT REPORT



     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):
                                OCTOBER 22,  2004




                                 PIZZA INN, INC.
                                 ---------------
             (Exact name of Registrant as specified in its charter)


         MISSOURI                    0-12919              47-0654575
      ---------------                 -------             ----------
State or other jurisdiction of      Commission      (I.R.S. Employer
incorporation  or  organization)    File Number  Identification  No.)




                        3551 PLANO PARKWAY
                      THE COLONY, TX  75056                   75056
                                                               -----
           (Address of principal executive offices)          (Zip Code)
                                                             ----------



       Registrant's telephone number, including area code:  (469) 384-5000




    (Former name, former address and former fiscal year, if changed since last
                                     report)








<PAGE>
ITEM  8.01.  OTHER  EVENTS  AND  REGULATION  FD  DISCLOSURE.

See  Exhibit  99.1

ITEM  9.01.  FINANCIAL  STATEMENTS  AND  EXHIBITS


SEE ATTACHED EXHIBIT 99.1


SIGNATURE

     Pursuant  to  the  requirements  of the Securities Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by  the  undersigned  thereunto  duly  authorized.


                                                      PIZZA  INN,  INC.



Date:  October  22,  2004                    By:   /s/  Ronald  W.  Parker
                                                  ------------------------
                                   Ronald  W.  Parker,  Chief  Executive Officer





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>doc2.txt
<TEXT>
                PIZZA INN ANNOUNCES 1ST QUARTER FINANCIAL RESULTS

THE  COLONY,  TEXAS  -OCTOBER  22,  2004-  PIZZA  INN,  INC. (NASDAQ:PZZI) today
reported  earnings per share for its first quarter ended September 26, 2004 of 3
cents  versus  5  cents for the same quarter last year.  Net income was $285,000
versus  $504,000,  on  revenues  of  $14.4  million  versus $15.4 million in the
previous  year.  The  same  quarter  last  year  included  higher  international
royalties  resulting from the collection of approximately $173,000 of previously
unrecorded  past due royalties. Comparable same-store sales finished up 0.1% for
the  quarter.

Certain statements in this press release, other than historical information, may
be  considered  forward-looking  statements,  within  the  meeting  of the "safe
harbor"  provisions of the Private Securities Litigation Reform Act of 1995, and
are subject to various risks, uncertainties and assumptions.  Should one or more
of  these  risks  or uncertainties materialize, or should underlying assumptions
prove  incorrect, actual results may differ from those anticipated, estimated or
expected.  Among  the  key factors that may have a direct bearing on Pizza Inn's
operating  results,  performance  or  financial  condition  are  its  ability to
implement  its  growth  strategies,  national,  regional  and  local  economic
conditions  affecting  the  restaurant  industry, competition within each of the
restaurant  industries,  store  sales  cannibalization, success of its franchise
operations, negative publicity, fluctuations in quarterly results of operations,
including seasonality, government regulations, weather, commodity, insurance and
labor  costs.

Pizza  Inn,  Inc.  is  headquartered  in  The  Colony,  Texas,  along  with  its
distribution  division,  Norco  Restaurant  Distribution  Services.  Pizza  Inn
represents over 400 restaurants with annual sales of approximately $170 million.

<TABLE>
<CAPTION>



PIZZA INN, INC.
(In thousands, except share and per share amounts)





<S>                                                 <C>          <C>
                                                       Sept. 26,    Sept. 28,
                                                           2004         2003
                                                    -----------  -----------
Revenue. . . . . . . . . . . . . . . . . . . . . .  $    14,421  $    15,376

Income before taxes. . . . . . . . . . . . . . . .  $       441  $       764

Net Income . . . . . . . . . . . . . . . . . . . .  $       285  $       504

Diluted earnings per share . . . . . . . . . . . .  $      0.03  $      0.05

Basic earnings per share . . . . . . . . . . . . .  $      0.03  $      0.05

Weighted average shares outstanding:
   Diluted . . . . . . . . . . . . . . . . . . . .   10,168,621   10,086,059
   Basic . . . . . . . . . . . . . . . . . . . . .   10,133,674   10,059,223

</TABLE>







</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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