IBJNews

Noble Roman's reports loss

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based pizza franchisor Noble Roman’s Inc. reported a $528,527 loss in the third quarter brought on by high costs related to discontinued operations.

The loss of 3 cents per share compares to a profit of $459,535, or 2 cents per share, during the year-ago period, the company said late Wednesday.

Total revenue remained unchanged, at $1.9 million.

The parent of the Noble Roman’s Pizza and Tuscano’s Italian Style Subs chains is shelving its traditional store model in favor of offering its products in convenience and grocery stores. The company said it lost $935,237due to costs from discontinued operations in the latest quarter.

Noble Roman’s began offering a home-baked version of its pizza to grocery stores in September 2009 and had signed 413 agreements as of Tuesday, the company said.  Nearly 250 of those locations were open and the rest are expected to open within the next two months.

The company said some grocery customers have indicated they intend to introduce take-n-bake pizza at additional stores. Noble Roman’s has engaged a grocery-distribution company that will promote the program to its 1,700 clients.

Noble Roman’s also has been awarded five contracts to open franchises on military bases. The first opened on Sept. 1, another is expected to open by the end of the month and the remaining three within the next three months.

Shares of the thinly traded company were priced at $1.04 each Wednesday morning.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
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
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

ADVERTISEMENT