Pinstripes Holdings, Inc.
PNSTQ Consumer Cyclical Restaurants
Pinstripes Holdings, Inc.’s revenue for fiscal 2024 (year ended April 2024) was $118.7 million, up 6.70% from fiscal 2023. In the quarter to January 2025, revenue grew 10.4%, EPS fell 124.5% and free cash flow grew 96.6%, each against the same quarter a year earlier.
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Pinstripes Holdings, Inc. (PNSTQ) Piotroski F-score
Pinstripes Holdings, Inc.'s Piotroski F-score for fiscal 2024 cannot be worked out: needs three fiscal years.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (6.10%) | — | Fail | 0 |
| Positive operating cash flow | (32.68m) | (12.04m) | Fail | 0 |
| Rising return on assets | (6.10%) | — | n/a | — |
| Cash flow above net income | (23.59m) | (4.51m) | Fail | 0 |
| Falling long-term leverage | 0.47 | — | n/a | — |
| Rising current ratio | 0.25 | 0.18 | Pass | 1 |
| No new shares issued | 22,318,000 | 11,480,000 | Fail | 0 |
| Rising gross margin | 50.11% | 49.68% | Pass | 1 |
| Rising asset turnover | 0.80 | — | n/a | — |
| Piotroski F-score | n/a — needs three fiscal years | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BTBD BT Brands, Inc. compare | 7 |
| GTIM Good Times Restaurants Inc. compare | 5 |
| VSTD Vestand Inc. compare | 5 |
| ARKR Ark Restaurants Corp. compare | 4 |
| REBN Reborn Coffee, Inc. compare | 4 |
| CHSN Chanson International Holding compare | 4 |
| PETZ TDH Holdings, Inc. compare | 4 |
| TWNPQ Twin Hospitality Group Inc. compare | — |
| PNSTQ Pinstripes Holdings, Inc. | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover