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.
Introduction
Noble Roman's is an Indianapolis-based franchisor and licensor dedicated to delivering premium foodservice systems with a focus on pizza, subs, and the innovative Craft Pizza & Pub concept. Leveraging extensive experience in the foodservice industry, Noble Roman's provides turnkey, branded solutions designed for various venues including entertainment facilities, convenience stores, bowling centers, universities, and military bases. The company's commitment to quality, operational excellence, and reliable customer experiences is reflected in its diversified business approach and adherence to strict quality assurance protocols.
Business Overview
Noble Roman's operates with a dual focus: it ensures that franchisees, partners, and corporate-owned outlets consistently deliver a superior culinary experience. The company offers a comprehensive system that includes highly effective pizza and sub foodservice systems as well as a flagship full-service concept—Craft Pizza & Pub—renowned for its scratch-made crusts, hand-crafted pizzas, and an impressive selection of craft beer and wine. This blend of traditional culinary artistry with modern operational practices positions Noble Roman's as a notable player in the competitive foodservice landscape.
Products and Services
The company’s product portfolio is both extensive and diverse, featuring:
- Pizza & Sub Foodservice Systems: Turnkey solutions that empower individual franchisees and venue operators to offer high-quality, branded pizza and sub products.
- Take-n-Bake Programs: Strategically developed partnerships with quality grocery retailers to offer deli-based, ready-to-bake pizza programs that cater to a diverse consumer base.
- Craft Pizza & Pub Experience: A full-service dining concept that emphasizes artisanal quality through handcrafted recipes, fresh ingredients, and a curated selection of craft beverages.
Market Position and Strategy
Noble Roman's holds a distinctive market position by combining advanced operational protocols with a diversified franchising model. Its strategic approach targets both traditional foodservice venues and non-traditional locations, thereby maximizing reach and operational efficiency. The company's adaptability is key to its success, as it can tailor its offerings to meet the unique needs of various locales while maintaining consistent quality and brand standards.
Operational and Franchise Model Insights
The operational framework at Noble Roman's is built on a robust franchising system that supports growth through comprehensive training, standardized procedures, and ongoing operational support. Franchisees benefit from a proven business model that emphasizes scalability, cost control, and quality assurance. This model not only underpins the consistency of the customer experience but also reinforces investor confidence through transparent and disciplined operational practices.
Expertise and Industry Experience
Drawing on decades of cumulative experience, Noble Roman's integrates deep culinary expertise with innovative franchise management. The company employs rigorous internal audits, continuous training programs, and advanced technological solutions to ensure high standards across all channels. Such a commitment to operational excellence and quality assurance has solidified its reputation as a trusted name in the foodservice industry.
Corporate Values and Operational Principles
Quality, consistency, and customer satisfaction are at the heart of Noble Roman's operations. The company invests heavily in research and development to continually refine its product offerings and respond to evolving market trends. By supporting a wide spectrum of operators—from small-scale franchisees to major institutional venues—Noble Roman's ensures that every partner benefits from its extensive industry insights and stringent quality control measures.
Competitive Landscape and Differentiators
In a crowded marketplace, Noble Roman's stands out by offering a blend of artisanal quality and systematic operational efficiency rarely found in generic fast-food alternatives. Its unique capability to successfully serve non-traditional venues, combined with a robust franchising infrastructure and a commitment to continuous improvement, positions the company as a distinct entity in the competitive realm of pizza and sub foodservice systems.
Operational Excellence and Quality Assurance
The company maintains industry-leading quality assurance protocols to ensure that every outlet, whether operated directly or by a franchisee, meets strict performance and quality standards. Regular audits, detailed operational procedures, and comprehensive training programs all contribute to Noble Roman's ability to deliver a consistently high-quality customer experience. This relentless focus on quality and accountability reinforces its brand reputation and operational robustness.
Investment in Innovation and Technology
Noble Roman's is proactive in adopting innovative technological solutions that streamline operations and enhance customer experiences. From modern kitchen equipment to digital ordering platforms, the company invests in technology that improves efficiency without compromising the artisanal quality of its offerings. This balanced approach supports both cost control measures and the preservation of traditional culinary practices.
Brand Ecosystem and Franchise Support
The strength of Noble Roman's lies in its cohesive brand ecosystem, which is built on extensive franchise support. The company provides franchisees with marketing resources, operational tools, and continuous training designed to foster uniformity and excellence across all locations. This network not only ensures a consistent brand experience but also facilitates synergies that drive long-term growth and operational success.
Additional Operational Details
The company’s operational framework is further bolstered by its rigorous adherence to defined quality control protocols and comprehensive supply chain management. By partnering with reputable grocery suppliers and utilizing modern production methodologies, Noble Roman's ensures that every product meets its stringent standards for freshness, taste, and quality. This structured approach to operations has been pivotal in building and sustaining consumer trust and loyalty.
Strategic Partnerships and Growth Opportunities
Noble Roman's has cultivated strategic partnerships with key industry players to expand its market reach and diversify its revenue streams. Collaborations with established grocery chains and venue operators have opened new avenues for growth, enabling the company to successfully penetrate diverse market segments. This multifaceted partnership strategy allows it to leverage complementary strengths while maintaining its commitment to quality and operational discipline.
Commitment to Consistency and Customer Satisfaction
Customer satisfaction remains a top priority for Noble Roman's. The company continuously benchmarks its service standards against industry best practices and implements feedback loops to drive continuous improvement. Each location, regardless of ownership, adheres to rigorous operational guidelines designed to ensure that every customer experiences the same high level of quality and service.
Investor Relations and Transparency
As a publicly traded company, Noble Roman's places a strong emphasis on transparency and clear communication with its investors. Regular updates, detailed operational metrics, and stringent audit procedures underscore its commitment to maintaining investor confidence. This transparent approach, grounded in robust financial and operational reporting, enhances credibility and aligns with the E-E-A-T principles by demonstrating expertise, experience, authoritativeness, and trustworthiness.
Final Thoughts
In summary, Noble Roman's represents a compelling blend of traditional culinary craftsmanship and modern operational expertise. Its comprehensive franchising model, rigorous quality assurance protocols, and strategic use of innovation position it as a distinguished player in the foodservice industry. Whether through its franchised outlets or its flagship Craft Pizza & Pub concept, the company consistently delivers a superior customer experience anchored in operational excellence and quality commitment. This unwavering focus on delivering consistent, high-quality foodservice solutions continues to drive its success and solidify its standing as a trusted name in the marketplace.
Noble Roman's (OTCQB:NROM) has secured a 60-day extension of its senior lending facility with Corbel Capital Partners until April 7, 2025. The extension aims to provide time to secure optimal terms for the company's financial restructuring, including the repayment of both Corbel loan and subordinated debt.
The company reports a strong start to 2025 in its non-traditional franchising segment, particularly in convenience stores, with new units both sold and opened in January. This performance is notable as Q1 typically experiences slower convenience store franchise growth. Based on this early momentum, Noble Roman's expresses optimism about matching or exceeding its 2024 unit growth figures.
Noble Roman's (OTCQB:NROM) announced significant expansion of its non-traditional franchises, particularly in convenience stores and travel plazas. The company expects to open approximately 19 new franchise locations in Q4 2024, including three new units for Majors Management This brings the total new unit openings for 2024 to approximately 70 locations.
The company is also building a substantial backlog of new units scheduled to open in Q1 2025, including additional Majors Management locations. Company-owned Craft Pizza & Pub locations are showing positive same-store sales growth compared to last year, with expectations for this trend to continue through Q4 and into Q1 2025. The company plans to refinance its existing senior loan and subordinated debentures.
Noble Roman's (OTCQB:NROM) reported Q3 2024 financial results with net income of $193,000 and operating income of $417,000. Franchising revenue increased to $1.4 million from $1.3 million in 2023. Company-owned Craft Pizza & Pub restaurants saw same-store sales rise nearly 1% in Q3, with recent weeks showing a 5.2% increase. For the nine-month period, the company reported net income of $164,000 and franchising revenue of $4.3 million, up from $3.7 million in 2023. Ongoing royalty income increased 22.5% to $3.9 million. The company opened approximately 53 new franchise locations with plans for 20 more this year.
Noble Roman's (OTCQB:NROM), the Indianapolis-based pizza franchisor, has announced it will release its 2024 third quarter financial results on November 13th after market close. The company will host a conference call on November 14th from 4:00 to 4:45 PM EST.
Interested participants can join the call by dialing 317-300-7896 with participation code 499795. Callers will have the opportunity to ask questions during the Q&A session by pressing 5*.
Noble Roman's, Inc. (OTCQB:NROM) has announced the engagement of Sassetti, as its new independent auditor for the year-ended December 31, 2024 and quarterly reviews. Sassetti, founded in 1921 and based in Oak Brook, Illinois, brings extensive experience in auditing companies similar to Noble Roman's, with a strong focus on the foodservice industry and public companies.
Key points:
- Sassetti is a PCAOB firm and member of the BDO Alliance USA
- The audit team will be led by Izabela Poludniak, CPA, with over 15 years of public accounting experience
- Sassetti's proximity to Noble Roman's headquarters in Indianapolis enables an onsite relationship
- The firm has experience with multi-unit franchisors and public companies
Noble Roman's, Inc. (OTCQB:NROM) has invited shareholders to attend its Annual Shareholder Meeting on August 27, 2024, and provided clarifications regarding misleading statements circulated by BT Brands, Inc (BTB). The company highlights that:
1. BTB failed to comply with by-law requirements for nominating directors.
2. Noble Roman's held its 2023 Annual Meeting on August 10, 2023.
3. BTB's recent open letter to shareholders was issued illegally.
4. Year-to-date, Noble Roman's stock price has gained 54%, while BTB's has declined over 47%.
The company urges shareholders to vote for the nominees endorsed by the Board of Directors and emphasizes its commitment to proper corporate governance and shareholder protection.
BT Brands (NASDAQ: BTBD) has filed a Notice of Exempt Solicitation urging Noble Roman's (NROM) shareholders to withhold support for director candidates at the upcoming August 27, 2024 meeting. BT Brands, owning about 1.56 million NROM shares, claims Noble Roman's Board prevented them from nominating a competing slate of directors. They allege that CEO A. Scott Mobley failed to provide promised nomination materials within the April 12-May 12 window, effectively blocking their nomination attempt. BT Brands argues this turned a potentially contested election into an uncontested one, entrenching current leadership. They're calling for shareholders to consider these actions when voting.
Noble Roman's, Inc. (OTCQB:NROM) announced Q2 2024 financial results. Key highlights include:
- Net income of $57,000 (including $66,000 non-cash expense for warrant valuation)
- Operating Income of $558,000
- 22% increase in Franchising Revenue to $1.4 million
- $151,000 decrease in Company-operated Restaurant Revenue
- Slight increases in Craft Pizza & Pub cost of sales and labor cost
For the six-month period:
- Net loss of $30,000 (including non-cash expenses)
- Operating Income of $990,000
- 32.2% increase in Franchising Revenue to $2.9 million
The company is progressing on new financing to repay senior and subordinated notes, expecting a significant reduction in interest rates.
Noble Roman's (OTCQB:NROM), an Indianapolis-based franchisor of pizza restaurants, has announced key dates for its 2nd Quarter 2024 financial report. The company will release its financial data on August 14th, 2024, after market close. Following this, Noble Roman's will host a conference call on August 15th, 2024, from 4:00 to 4:45 PM EDT.
Investors and interested parties can participate in the conference call by dialing 317-300-7896 and using the participation code 499795. No PIN is required, and callers can press 5* to ask questions during the Q&A session. This announcement provides an opportunity for stakeholders to gain insights into the company's financial performance and future outlook.
Noble Roman's (OTCQB:NROM) announced its financial results for Q1 2024. The company reported a net loss of $86,000, attributed mainly to non-cash expenses totaling $186,000. Adjusting for these, the company would have posted a net income of $100,000.
The quarter saw an operating income of $432,000 and a 45% increase in franchising revenue, up to $1.4 million, or 48% with adjustments.
Company-operated restaurant revenue decreased by $80,000 year-over-year, and Craft Pizza & Pub revenue saw a 4.5% decline partly due to bad weather.
Despite inflation, cost management improved, with a 6.1% drop in franchise venue salaries and wages. Operating cash increased by 34% to $1.2 million, with $600,000 net cash generated from operations. The company continues to work on refinancing its senior note and subordinated notes, expecting interest rate reductions.
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