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Noble Roman's, Inc. specializes in establishing and supporting foodservice operations across a spectrum of formats, encompassing both traditional independent restaurants and various non-traditional settings. The company expands its reach through a combination of franchising, licensing, and direct ownership of these locations. Its brand roster includes Noble Roman's Craft Pizza & Pub, Noble Roman's Pizza, Noble Roman's Take-N-Bake, and Tuscano's Italian Style Subs. These establishments offer a wide array of culinary choices, such as pizzas, pastas, salads, chicken wings, baked sandwiches, and even breakfast items, alongside popular sides like breadsticks and cheesy stix with dip, and a selection of desserts. As of December 31, 2021, Noble Roman's, Inc. boasted an extensive network of 3,069 franchised and licensed outlets. The company, founded in 1972, maintains its corporate headquarters in Indianapolis, Indiana.
Noble Roman's Announces Financial Data for the 6 Months ended June 30th and other Related Updates
Noble Roman's reported 6-month revenue of approximately $8.0 million, slightly up from the prior year, while securing a new $6.9 million senior loan that slashes interest costs by over 60% starting in the third quarter.
Excluding a one-time $353k refinancing charge, pro-forma net income for the six-month period rose to approximately $580k, driven by expanded franchise margins which increased to over 73%.
Same-store sales in the Craft Pizza & Pub segment declined 4.8% in the second quarter due to inflationary pressures and geopolitical events, though cash reserves grew to $1.1 million.