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Noble Roman's Reports Financial Results for First Half of 2026

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#Noble Roman's Announces Financial Data for First Half of 2026

Noble Roman's, Inc., based in Indianapolis, has released its financial results for the six and three months ending June 30, 2026. The report shows a net income of approximately $311,000 for the first half of the year, though this figure reflects a one-time charge from recent financing activities.

#Financial Performance Overview

For the six-month period, Noble Roman's recorded total revenue of about $8 million, increasing from $7.8 million in the same timeframe in 2025. However, net income after tax dropped slightly from $329,000 in 2025. The company indicated that, without a one-time charge of $353,000 related to financing adjustments, net income would have been approximately $580,000.

In the three-month period ending June 30, 2026, net income after tax was around $191,000, compared to approximately $285,000 in 2025. This data reflects the continuing difficulty in the company’s Craft Pizza & Pub segment, where same-store sales fell by 4.8% in the same quarter, largely blamed on ongoing economic instability and rising inflation.

#Impact of Inflation and Geopolitical Factors

The company’s leadership attributed various performance challenges to inflationary pressures and the Iranian conflict, which have affected consumer spending. Scott Mobley, President and CEO, noted hesitation among consumers and convenience store operators due to fluctuating fuel prices, significantly impacting sales volumes.

Despite these challenges, the franchise segment linked with the Convenience Store Pizza Program showed robust performance, boosting its margin contribution to approximately $2.29 million for the first half of 2026, up from $1.96 million the previous year.

#Recent Financing Developments

Noble Roman's secured a new senior loan of about $6.9 million from Lake Forest Bank & Trust Company during the second quarter. This package was structured to pay off previous loans and related fees. As a result, the company expects its interest costs to decrease significantly in the coming quarters, with forecast costs of around $161,000 for the third quarter compared to $406,000 in the same period last year.

#Challenges in Specific Segments

Sales within the Craft Pizza & Pub segment struggled, influenced by both economic conditions and a cyclospora outbreak that impacted sales of salad items. Although adjustments were made to product offerings, the overall customer counts and average checks remained lower than desired. The segment managed to recover ticket counts in June, although the average spend per customer remained subdued.

#Looking Ahead and Upcoming Conference Call

Noble Roman's has announced plans for a conference call to discuss these results in further detail, set for August 13, 2026. Participants can join the call using the provided participation code.

#Key Takeaways

  • Noble Roman's reported a net income of approximately $311,000 for the first half of 2026.
  • Total revenue increased to around $8 million, despite a decline in same-store sales for the Craft Pizza & Pub segment.
  • The company secured a $6.9 million loan to optimize its financial structure, which has resulted in lower expected interest costs.
  • Inflationary pressures and geopolitical factors are challenging the company’s performance, affecting consumer spending.
  • A cyclospora outbreak impacted specific product sales, particularly salads, although the franchise segment remained stable.

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Frequently Asked Questions

Noble Roman's reported a net income after tax of approximately $311k for the 6-month period ending June 30, 2026, compared to $329k in 2025. Total revenue increased to approximately $8.0 million from approximately $7.8 million in the prior year. However, same-store sales in the company-owned Craft Pizza & Pub segment decreased by approximately 0.8% compared to 2025.
The new financing package provided approximately $6.9 million through a senior secured loan and allowed for the repayment of existing loans and extinguishment of related warrants. While this improves cash flow by reducing future interest costs (approximately $161k for Q3 2026 compared to $406k in Q3 2025), it also resulted in a one-time decrease in net income due to associated write-off costs of around $353k.
Noble Roman's experienced adverse effects from inflationary pressures and geopolitical issues, particularly the Iranian conflict, which impacted consumer spending and sales. In the second quarter, the Craft Pizza & Pub segment faced decreased ticket counts and average checks, particularly in April, although some recovery was noted in subsequent months.
Noble Roman's has a Deferred Tax Asset of approximately $3 million, which means the company will not pay income taxes for several years, potentially improving its short-term financial performance.
While the cyclospora outbreak impacted sales of salad-related items in the Craft Pizza & Pub segment, it did not affect the Convenience Store Pizza Program segment. The company adapted by substituting iceberg lettuce with romaine lettuce until a stable supply was secured.
The press release highlights various risks including competitive pressures, economic conditions, the company's ability to service its loans, non-renewal of franchise agreements, and the potential impact of national or international events such as war or pandemics. These factors could cause actual results to materially differ from forecasts.
Noble Roman's provides forward-looking statements based on management's beliefs and market conditions. However, the actual future performance remains uncertain due to various operational and economic risks that could influence revenue generation.
Noble Roman's has scheduled a conference call for August 13, 2026, from 4:00-4:30 PM ET. Interested parties can participate by calling 317-300-7896 and using the participation code 499795.