Noble Romans Stock Price, News & Analysis

Noble Roman's reported Q1 2021 revenues of $3.3 million, rising from $2.7 million in Q1 2020, with an operating profit before interest and taxes of $1.2 million versus $589,000 in the previous year. The company benefited from strong sales in its Craft Pizza & Pub segment, aided by new locations despite a decline in franchising revenue due to COVID-19. It secured $940,734 from a second PPP loan, which is expected to be forgiven. However, ongoing pandemic impacts continue to challenge franchise operations and staffing.

Noble Roman's, Inc. (OTCQB:NROM), a franchise and license operator of Noble Roman's Pizza, will unveil its 1st quarter 2021 financial results on May 12 after market close. A conference call is scheduled for May 13 from 4:00 to 4:45 P.M. EDT, accessible via phone at 317-300-7896 with participation code 499795. The company warns that actual future results may vary due to factors like the COVID-19 pandemic, labor availability, and inflationary pressures, among others, as detailed in the accompanying forward-looking statements.

Noble Roman's, Inc. (OTCQB:NROM) announced the release of its 4th quarter and annual 2020 financial results on March 22, following market close. A conference call will take place on March 23 from 4:00 to 4:45 P.M. EDT, with participation details provided for interested callers. The press release includes forward-looking statements about the company's future, emphasizing risks such as the ongoing COVID-19 pandemic, competition, and market demand.

Noble Roman's, Inc. (OTCQB:NROM) has secured $940,734 through the Paycheck Protection Program under the CARES Act. CEO Scott Mobley expressed gratitude for this funding, which helps maintain employment levels and supports new corporate locations during challenging times. Despite facing supply chain disruptions and business uncertainties, the company has opened three new locations and plans three more in 2021. Noble Roman's aims to meet the loan forgiveness criteria, ensuring favorable progress in the coming year.

Noble Roman's, Inc. (OTCQB:NROM) recently announced that its new Craft Pizza & Pub restaurant in McCordsville, Indiana generated over $43,000 in net sales during its first week, despite challenging weather and COVID-19 conditions. With limited marketing, the restaurant opened on November 30, 2020, and was positively received by the community. The new layout improves service efficiency and reduces occupancy costs. Although the opening faced operational difficulties due to the pandemic, staff dedication was commendable. The location serves several communities and showcases the company's resilience in tough circumstances.

Noble Roman's, Inc. (OTCQB:NROM) will release its 3rd quarter 2020 financial results on Tuesday, November 10th, after market close. A conference call will follow on Wednesday, November 11th, from 4:00 to 4:45 P.M. EDT. Interested participants can call 317-300-7896 and use the code 499795. The company cautions that forward-looking statements about revenues and profitability may differ due to risks, including the impact of COVID-19 and market competition. Investors are encouraged to consider these factors when evaluating future performance.

Noble Roman's, Inc. (NROM) announced the successful opening of its newest company-owned Craft Pizza & Pub location in Greenwood, Indiana, achieving first-week net sales of nearly $60,000, the highest among its company-operated units. President Scott Mobley expressed gratitude for the community's positive reception despite pandemic challenges. The strategic implementation of the new layout improved service efficiency while reducing occupancy costs. The company plans additional openings in Kokomo and McCordsville, Indiana, by November, showcasing its growth amidst difficult operating conditions.

Noble Roman's, Inc. (OTCQB:NROM) has announced plans to open two new company-owned Craft Pizza & Pub locations in Greenwood and McCordsville, Indiana, by mid-November 2020. The company will also see its franchisees open a new location in Kokomo, IN, bringing its total to seven company-owned and three franchised locations. CEO Scott Mobley expressed optimism about the new markets, emphasizing strong demand despite pandemic challenges. The company began 2020 with four company-owned locations and two franchises, showing growth potential in a competitive environment.

Noble Roman's, Inc. (OTCQB:NROM) announced the lease agreement for its seventh company-operated Craft Pizza & Pub restaurant in McCordsville, IN, scheduled to open in Q4 2020. This location aims to serve the expanding communities of McCordsville and surrounding areas, capitalizing on high visibility and traffic flow. The new restaurant will feature the v2.1 prototype designed for operational efficiency and catering to varying service needs. It occupies 3,570 sq. ft. with seating for 159 and includes outdoor patio seating, enhancing functionality during pandemic restrictions.