Annual profit, revenue shrink for Noble Roman's

Back to TopCommentsE-mailPrintBookmark and Share

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.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
thisissue1-092914.jpg 092914

Subscribe to IBJ