Noble Roman's Pizza, Inc. (NROM)

[OBrien]

Not sure if there’s a replay of the CC or not. It was pretty annoying actually.
One of those with tons of noise because no callers where muted.

A couple things that where talked about..

First franchised store plans to open on May 1st.

The plan is to have one more co owned pub opened this year.

Cost to open a new pub is about $600k and this is planned to be done by bank loan.

The first pub is running at $400k/ yr operating profit with the others in the $300ks and climbing.

Q1 will be hurt because of bad weather that hit especially on weekends. January was 7% slower. Than December, February “ was a little better” and March was up from December by 23%

Here is probably the best write up I’ve come across on NROM if you haven’t seen it...

https://www.liptonfinancialservices.com/tag/noble-romans/