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Annual profit, revenue shrink for Noble Roman's

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Indianapolis-based Noble Roman's Inc., the franchisor of Noble Roman's Pizza and Tuscano's Italian Style Subs, on Tuesday night announced a smaller profit and lower revenue in fiscal 2010 compared to the previous year.
 
The company earned $310,000, or 2 cents per share, in 2010 compared to $1.7 million, or 9 cents per share the previous year.

Total revenue decreased from $7.5 million in 2009 to $7.3 million in 2010.

Noble Roman's recorded a loss on discontinued operations of $1.2 million in 2010, which dragged down earnings.

The company did not release financial results for the fourth quarter.
 
Noble Roman's saw royalties and fees from traditional franchises decrease from $578,000 in 2009 to $281,000 in 2010. Royalties and fees from non-traditional franchises fell from $6.1 million to $5.6 million.

The company did see growth from take-n-bake products in grocery stores, with royalties and fees rising from $35,000 in 2009 to $463,000 in 2010.

Grocery locations rose from 46 at the beginning of 2010 to 404 at the end of the year. That number has continued to climb since the start of the year.

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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