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Noble Roman's is a company dedicated to providing and servicing quality pizza and sub foodservice systems to a variety of clients, including individual franchisees and operators in entertainment facilities, convenience stores, universities, and more. They also offer a deli-based take-n-bake pizza program in partnership with quality groceries. Their full-service pizzeria concept, Craft Pizza & Pub, is well-known for scratch-made crusts, hand-crafted pizzas, and craft beer and wine.
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Noble Roman's signs a Development Agreement with Majors Management for 100 new franchise locations. Majors will open 31 locations by June 30, 2024, 50 locations by December 31, 2024, and the remaining 100 locations by September 30, 2026. The majority of locations will be in Texas, Alabama, Georgia, and Tennessee. Majors paid an upfront fee and will pay ongoing royalties on sales.
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BT Brands voluntarily dismisses lawsuit against Noble Roman's and its Directors. Court ruled in favor of Noble Roman's, stating BT Brands faced little likelihood of succeeding on their claims. Shareholders re-elected CEO Scott Mobley with over 40% of the votes. Company has entered into 61 new franchise agreements and paid $1.5 million in principal debt payments. Management continues to execute strategy to build shareholder value.
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Noble Roman's, Inc. (NROM) provides an update on its upcoming annual meeting of shareholders, where the Court denied BT Brands, Inc.'s motion for a temporary restraining order and preliminary injunction. The company will hold the annual meeting as scheduled on August 10, 2023, and urges shareholders to ensure a quorum is present.
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Noble Roman's, Inc. reports net income of $326,000 for Q2 2023 and growth in franchising. Total revenue for Q2 2023 was $4.0 million. Franchising revenue increased to $1.4 million. Craft Pizza & Pub revenue was $2.4 million. Company-owned CPP locations had a margin contribution of 14.7%. The company opened 22 new locations in the first six months of 2023.
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BT Brands, Inc. is taking legal action against Noble Roman's, Inc. for omitting material information from its Proxy Statement and attempting to prevent BT's CEO, Gary Copperud, from being nominated to the board. BT Brands' candidate has received 10,194,885 proxy votes, far exceeding the 2,851,046 votes received by the incumbent candidate. BT Brands and Mr. Copperud have filed a motion requesting the Court to order an annual meeting where Mr. Copperud's nomination is considered and the shareholders' directive is respected. BT Brands owns more than 8% of NROM shares and aims to bring oversight to the NROM board.
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Noble Roman's, Inc. issues a press release regarding its upcoming annual meeting of shareholders. The company disqualifies BT Brands, Inc.'s nomination for director election due to non-compliance with by-laws. A. Scott Mobley is the only nominee. BTB continues to release misleading information and engage in harassing communications. The company's counsel has sent a cease and desist letter to BTB.
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Noble Roman's, Inc. announces 41 new franchise agreements in Q2 2023, exceeding the total signed in 2022. Operating costs were reduced in June, and a value promotion in July led to increased sales. The 2023 Shareholder Presentation is now available for download.
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FAQ
What is the current stock price of NOBLE ROMAN'S (NROM)?
The current stock price of NOBLE ROMAN'S (NROM) is $0.3336 as of December 19, 2024.
What is the market cap of NOBLE ROMAN'S (NROM)?
The market cap of NOBLE ROMAN'S (NROM) is approximately 7.6M.
What type of foodservice systems does Noble Roman's provide?
Noble Roman's offers the best pizza and sub foodservice systems to various clients, including individual franchisees and operators in different venues.
What is Noble Roman's partnership program with quality groceries?
Noble Roman's partners with quality groceries to provide a highly effective deli-based take-n-bake pizza program.
What makes Craft Pizza & Pub unique?
Craft Pizza & Pub is known for its scratch-made crusts, hand-crafted pizzas, and a selection of craft beer and wine.
What venues does Noble Roman's serve?
Noble Roman's caters to a wide range of venues, including entertainment facilities, convenience stores, universities, military bases, and more.
What is the flagship pizzeria concept of Noble Roman's?
The flagship pizzeria concept of Noble Roman's is Craft Pizza & Pub, which focuses on traditional pizza-making methods and a selection of craft beverages.
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