Noble Roman's Inc. Reports Increase in Total Revenue to $15.1M for 2024, Driven by Strong Franchising Revenue Growth

Reuters
2025/06/09
Noble Roman's Inc. Reports Increase in Total Revenue to $15.1M for 2024, Driven by Strong Franchising Revenue Growth

Noble Roman's Inc. has released its financial results for the year ended December 31, 2024. The company reported total revenues of $15.149 million, an increase from the $14.374 million reported in 2023. Notably, franchising revenue rose to $5.541 million from $4.665 million in the previous year. However, the company experienced a decline in net income, reporting a net loss of $3,174 for 2024, compared to a net income of $1.460 million in 2023. The 2023 net income included a $1.460 million refund under the ERC program, impacting the comparison. During the 12-month period, Noble Roman's saw no openings or closures of company-operated or franchised Craft Pizza & Pub restaurants, but it did open 68 new non-traditional outlets while closing 10. Total expenses increased to $13.675 million in 2024 from $10.934 million in 2023, contributing to the reduced operating income of $1.475 million, down from $3.440 million in the prior year. The company continues to focus on its non-traditional concepts, emphasizing high-quality pizza, fast service, and affordability. No specific future guidance or outlook was provided.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Noble Roman's Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-25-006725), on June 09, 2025, and is solely responsible for the information contained therein.

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