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.
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Noble Roman's reported a net loss of $872,964 for Q4 2022, with revenues of $3.329 million, compared to a net loss of $123,692 and revenues of $3.594 million in Q4 2021. For the year, the loss reached $1.056 million on revenues of $14.453 million, a decline from a profit of $509,465 and revenues of $13.885 million in 2021.
The company has opened 31 new non-traditional franchises in 2022 and continued growth in Q1 2023 with 11 new franchise sales. The Employee Retention Credit refund of $1.718 million is expected to enhance margins in 2023. Inflationary pressures and staffing issues remain concerns for business operations.
Noble Roman's, Inc. (OTCQB:NROM), based in Indianapolis, will report its 2022 4th quarter and year-end financial data on March 31 after market close. A conference call is scheduled for April 3 from 4:00 to 4:45 PM EST, where participants can dial 317-300-7896 with participation code 499795. The company warns that actual results may significantly differ from predictions due to various risks, including COVID-19 impacts, labor availability, inflation, and franchise dynamics. Investors and media can contact executives for further inquiries.
Noble Roman's has launched its new Monster Pizza, featuring over 30% more toppings and 60% more cheese than the standard pizza. Priced at just $2 more than a traditional large pizza, this limited-time offer emphasizes value and indulgence. The Monster Pizza, available in one size only, is designed to hold its generous toppings and cheese thanks to its pan-baking method. Participating locations across Indiana are serving this pizza, which is aimed at both loyal customers and new patrons seeking a unique dining experience.