Noble Roman’s Announces Q3 2024 Financial Data
Financial Highlights
Noble Roman’s, Inc. (OTCQB:NROM) recently released its financial data for the third quarter of 2024. Some of the key highlights include:
- Net Income of $193,000
- Operating Income of $417,000
- Franchising Revenue of $1.4 million (up from $1.3 million in 2023)
- 1% increase in same store sales for company-owned CPP restaurants
- 5.2% increase in average store sales for company-owned CPP restaurants
- Cost of sales in CPP increased to 21.4%
- Labor costs decreased in CPP despite market pressures
- Net income benefited from revaluation of warrant liability
Nine-Month Period Highlights
For the nine-month period of 2024, Noble Roman’s reported a Net Income of $164,000.
Impact on You
As a consumer, these financial reports from Noble Roman’s can give you insight into the company’s performance and potentially influence your dining choices. The increase in store sales and revenue may indicate that the company is thriving and continuing to offer quality products and services to its customers.
Impact on the World
From a broader perspective, Noble Roman’s financial data can also have an impact on the food industry as a whole. Positive performance from a well-established franchisor like Noble Roman’s can inspire confidence in investors and potentially lead to growth and expansion within the industry.
Conclusion
Overall, Noble Roman’s Q3 2024 financial data paints a picture of a company that is on a positive trajectory and making strategic moves to secure its financial future. As a consumer or industry observer, it’s encouraging to see a company like Noble Roman’s thrive in a competitive market.
