Welcome to our dedicated page for Noble Romans news (Ticker: NROM), a resource for investors and traders seeking the latest updates and insights on Noble Romans stock.
Noble Roman’s, Inc. (OTCQB:NROM) is an Indianapolis-based franchisor, licensor and operator of the Noble Roman’s Pizza brand and the Noble Roman’s Craft Pizza & Pub concept. The NROM news feed on Stock Titan aggregates company press releases and related coverage so readers can follow developments across its restaurant and franchising operations.
According to recent announcements, Noble Roman’s regularly reports quarterly and annual financial data, including revenue, net income before taxes, segment performance for company-owned Craft Pizza & Pub locations, non-traditional company-owned units, and its convenience store pizza program. News items also discuss trends in same-store sales, contribution margins and EBITDA, giving insight into how different parts of the business are performing over time.
Investors and followers of the food service contractors and restaurant franchising space can use this page to track non-traditional franchise expansion in convenience stores and travel plazas, updates on the company’s backlog of sold but unopened units, and commentary on expected unit openings. Noble Roman’s also issues releases on financing and capital structure, such as extensions and amendments to its senior lending facility with Corbel Capital Partners and efforts to secure new financing arrangements.
Beyond financial and financing updates, Noble Roman’s news highlights product and marketing initiatives within the Craft Pizza & Pub segment, including limited-time offerings like the “Xtra-Stuffed Crust” pizza and other promotional pizzas. The company also reports on corporate governance and audit matters, such as changes to its board of directors, annual meeting developments, and the engagement of a new independent auditor. Readers interested in NROM can return to this page to review historical releases and monitor new announcements as they are published.
Noble Roman's reported a 38% year-over-year revenue increase for Q2 2021, reaching $3.6 million. Despite this growth, net income fell to $85,000 from $441,000 in Q2 2020, affected by the absence of Paycheck Protection Program benefits. EBITDA also dropped to $600,000 from $1.1 million year-over-year. The company plans to expand its Craft Pizza & Pub locations, with new openings in Indianapolis and Franklin, Indiana. The overall financial performance reflects increased sales but challenges due to the ongoing effects of the COVID-19 pandemic.
Noble Roman's, Inc. (OTCQB:NROM) will announce its 2nd quarter 2021 financial results on August 11th after market close. A conference call is scheduled for August 12th from 4:00 to 4:45 P.M. EDT, where participants can dial 317-300-7896 and use participation code 499795. The company’s future performance is uncertain, influenced by various risks including the COVID-19 pandemic and labor availability. Investors and stakeholders are encouraged to stay informed about these developments.
Noble Roman's, Inc. (OTCQB:NROM) has announced a lease agreement for its ninth Craft Pizza & Pub in Franklin, Indiana, set to open in Q4 2021. The location will span approximately 3,600 square feet and aims to enhance speed and efficiency in service. The community boasts strong brand awareness for Noble Roman's, supported by a solid local demographic and retail presence. This addition follows the development of an eighth location in Indianapolis, continuing the company's expansion strategy.
Noble Roman's, Inc. (OTCQB:NROM), the Indianapolis-based pizza franchisor, announced an agreement with Mike Cole of Arma Advisory Services for improved market exposure. Cole, with over 25 years in the micro-cap sector, aims to attract retail and institutional investors to the company's Craft Pizza and Pub concept, which has shown strong financial performance. He highlighted Noble Roman's potential for growth and plans to enhance awareness in the investment community about their expanding foodservice segment.
Noble Roman's, Inc. (OTCQB:NROM) announced the lease of its eighth company-operated Craft Pizza & Pub restaurant in north-central Indianapolis, set to open in Q3 2021. This location will be the first within the I-465 beltway and aims to serve multiple neighborhoods along the busy 86th Street corridor. The restaurant will feature a smaller footprint with outdoor seating and enhanced service efficiency, including a Pizza Valet system. Since launching its first Craft Pizza & Pub in 2017, the company plans additional locations later this year.
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.
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