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<SEC-DOCUMENT>0000718332-05-000051.txt : 20051025
<SEC-HEADER>0000718332-05-000051.hdr.sgml : 20051025
<ACCEPTANCE-DATETIME>20051025172912
ACCESSION NUMBER:		0000718332-05-000051
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20051025
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20051025
DATE AS OF CHANGE:		20051025

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:		051155212

	BUSINESS ADDRESS:	
		STREET 1:		3551 PLANO PARKWAY
		CITY:			THE COLONY
		STATE:			TX
		ZIP:			75056
		BUSINESS PHONE:		469-384-5000

	MAIL ADDRESS:	
		STREET 1:		3551 PLANO PARKWAY
		CITY:			THE COLONY
		STATE:			TX
		ZIP:			75056

	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  25,  2005

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

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

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

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

                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if  the  Form  8-K  filing  is  intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following  provisions  (see  General  Instruction  A.2.  below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to  Rule  14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act  (17  CFR  240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act  (17  CFR  240.13e-4(c))

<PAGE>
ITEM  7.01     REGULATION  FD  DISCLOSURE.

     Pizza  Inn,  Inc.  elects  to disclose the information in the press release
furnished  as  Exhibit  99.1 to this report and incorporated herein by reference
through  Form  8-K  pursuant  to  Regulation  FD.

     Pizza Inn, Inc. is furnishing this report under Item 7.01 solely to satisfy
its  obligations  under Regulation FD.  The information in this report shall not
be  deemed  to  be  "filed"  for  purposes  of Section 18 of the Exchange Act or
otherwise  subject  to the liabilities of that section.  The information in this
report shall not be considered "filed" under the Exchange Act or incorporated by
reference  into  a  filing  under  the  Securities  Act  or  the  Exchange  Act.

ITEM  9.01     FINANCIAL  STATEMENTS  AND  EXHIBITS.

     (C)     EXHIBITS.


EXHIBIT NO.     DESCRIPTION OF EXHIBIT
- -----------     ----------------------
99.1      Press  Release  dated  October  25,  2005  (furnished  herewith  and
- ----     ---------------------------------------------------------------------
incorporated  herein  by  reference)
- ----     ---------------------------


<PAGE>
                                   SIGNATURES

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

                              Pizza  Inn,  Inc.

Date:  October  25,  2005  By: /s/ Shawn M. Preator
                                   Shawn  M.  Preator,  Chief  Financial Officer






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>doc2.txt
<TEXT>
                     PIZZA INN, INC. REPORTS RESULTS FOR THE
                         FIRST QUARTER FISCAL YEAR 2006

THE  COLONY,  TEXAS  -  October  25,  2005 - PIZZA INN, INC. (NASDAQ:PZZI) today
reported  a net loss per share for its first quarter ended September 25, 2005 of
($0.04)  versus  $0.03  earnings  per share for the same quarter last year.  The
quarter  resulted  in a net loss of ($393,000) versus net income of $285,000 for
the  same  quarter  last  year  on  revenues of $12.9 million and $14.4 million,
respectively.

FIRST  QUARTER  FY  2006  VERSUS  FIRST  QUARTER  FY  2005  RESULTS
- -------------------------------------------------------------------
     Diluted EPS was ($0.04) versus $0.03 on a net loss of ($393,000) versus net
income  of  $285,000.

     Revenues decreased approximately 11% or $1.6 million primarily due to lower
comparable  chainwide retail sales, fewer net stores and the effect of Hurricane
Katrina  (combined total is approximately $1.2 million). Additionally, equipment
sales decreased $241,000 and international sales of food and equipment decreased
$119,000.

     Comparable  chainwide  retail  sales  were  down  3.5%.

     Legal  fees  increased  approximately  $363,000  as  the  result of ongoing
litigation  and  related  matters.

     Energy  costs  increased  approximately  $156,000.

     General  and  administrative  expenses  included  non-cash  executive stock
compensation  expense  of $103,000 for approximately 560,000 stock option rights
granted  previously  to  the chief executive officer and members of the board of
directors. The prior year did not include any non-cash compensation expense.

The  Company's  President  and  CEO, Tim Taft, commented, "Despite the temporary
negative  impact  of  Hurricane  Katrina  on  our financial results, our primary
concern  is with the people of the Gulf Region and our operators there. We must,
however,  remain  focused  on  the  fundamentals  of  our business, from concept
development  to unit-level  profitability. In the coming weeks we will introduce
our  new  buffet  concept  in  the  Dallas and Houston markets, featuring a more
progressive  approach  to  our  brand  and its profitability. In addition, a new
franchisee  selection  program will roll out in November of this year, targeting
strategic  markets  throughout  the  chain.  Also, as our Product and Purchasing
Committee reduces costs in the operating system, our marketing efforts have been
refocused  to  illuminate  the  brand's core competency - a tradition of serving
quality  food  and  hospitality."

Certain statements in this press release, other than historical information, may
be  considered  forward-looking  statements,  within  the  meaning  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/entertainment industry, competition within
each  of  the  restaurant  and  entertainment  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 Services Company.  Pizza Inn franchises
approximately  385  restaurants  and owns five restaurants with annual chainwide
sales  of  approximately  $160  million.

<TABLE>
<CAPTION>



                               PIZZA INN, INC.
               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                 (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
                                 (UNAUDITED)

                                                        THREE MONTHS ENDED
                                                       --------------------
<S>                                               <C>                   <C>
                                                   SEPTEMBER 25,         SEPTEMBER 26,
REVENUES:. . . . . . . . . . . . . . . . . . . .                 2005             2004
                                                  --------------------  --------------

  Food and supply sales. . . . . . . . . . . . .  $            11,308   $       12,822
  Franchise revenue. . . . . . . . . . . . . . .                1,180            1,340
  Restaurant sales . . . . . . . . . . . . . . .                  218              255
  Other income . . . . . . . . . . . . . . . . .                  147                -
                                                  --------------------  --------------
                                                               12,853           14,417
                                                  --------------------  --------------

COSTS AND EXPENSES:
  Cost of sales. . . . . . . . . . . . . . . . .               11,132           12,192
  Franchise expenses . . . . . . . . . . . . . .                  808              626
  General and administrative expenses. . . . . .                1,401            1,022
  Interest expense . . . . . . . . . . . . . . .                  169              136
                                                  --------------------  --------------
                                                               13,510           13,976
                                                  --------------------  --------------

(LOSS) INCOME BEFORE INCOME TAXES. . . . . . . .                 (657)             441

  Provision for income taxes . . . . . . . . . .                 (264)             156
                                                  --------------------  --------------

NET (LOSS) INCOME. . . . . . . . . . . . . . . .  $              (393)  $          285
                                                  ====================  ==============

BASIC (LOSS) EARNINGS PER COMMON SHARE . . . . .  $             (0.04)  $         0.03
                                                  ====================  ==============

DILUTED (LOSS) EARNINGS PER COMMON SHARE . . . .  $             (0.04)  $         0.03
                                                  ====================  ==============

WEIGHTED AVERAGE COMMON SHARES . . . . . . . . .               10,108           10,134
                                                  ====================  ==============

WEIGHTED AVERAGE COMMON AND
  POTENTIAL DILUTIVE COMMON SHARES . . . . . . .               10,150           10,169
                                                  ====================  ==============
</TABLE>






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