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), an Indianapolis-based franchisor and licensor of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub, has announced the release of its 1st quarter 2024 financial data on June 12th. The report will be available after market close and will cover significant details of the quarter's results. Questions regarding the release can be directed to Paul Mobley, Executive Chairman & CFO, via phone or email. A transcript of the recent conference call held in late May, providing operational insights for Q1 2024, is available at www.nrom.info under the 'Investor Resources' tab.
Noble Roman's announced amendments to its 2023 financial statements due to accounting adjustments. The company revalued warrants issued in a loan agreement, resulting in non-cash reductions to net income by $324,534. Net income was adjusted to $1.5 million, or $0.07 per share basic ($0.06 diluted), from $1.8 million. Total 2023 revenues were $14.4 million, slightly down from $14.5 million in 2022. Despite inflation, general and administrative expenses decreased to $1.5 million from $2.2 million in 2022. The company secured $1.45 million in ERTC refunds and opened 61 new non-traditional units, with a 100-unit development agreement signed. Conversely, revenues from company-owned locations fell to $9.7 million from $10.4 million. Facility and other operating costs rose, leading to a drop in CPP margin contribution from 12.3% to 10.6%. The company introduced a new product and reported progress on debt refinancing.
Noble Roman's (OTCQB:NROM) has announced a conference call scheduled for May 20th, 2024, from 4:00 to 4:45 PM EDT. The Indianapolis-based franchisor and licensor of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub invites interested parties to join the call by dialing 317-300-7896 and using participation code 499795. Participants can ask questions by pressing 5* when the Q&A session is announced. The call will address the company's future revenues, profitability, financial resources, market demand, and product development.
Noble Roman's (OTCQB:NROM) reported its financial results for the year 2023. Key highlights include a net income of $1.8 million, a significant improvement from a net loss of $1.3 million in 2022. Operating income surged to $3.4 million from $428 thousand in the previous year. Total revenues were stable at $14.4 million compared to $14.5 million in 2022. The company also reported a cash balance increase to $872 thousand from $786 thousand in 2022.
Noteworthy achievements include a substantial increase in non-traditional venue revenues to $4.7 million from $4.0 million and the opening of 61 new non-traditional units. Revenues from company-owned restaurant locations fell to $9.7 million from $10.4 million. Additionally, the company entered into a 100-unit Development Agreement with Majors Management,
Interest expenses decreased to $1.7 million from $1.9 million in 2022, and general and administrative expenses decreased to $1.5 million from $2.2 million. The company applied for Employee Retention Tax Credits (ERTC) amounting to $1.45 million. Despite inflationary pressures, the cost of sales and salaries as a percentage of revenue decreased.
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