Increase in Same-Store Sales
Craft Pizza & Pubs experienced a same-store sales increase of 2.9% in Q4 2024 and 1.2% in Q1 2025 despite adverse weather conditions and reduced consumer spending.
Nontraditional Venue Expansion
Opened 68 new nontraditional venues in 2024, with plans to open 60 to 70 new units in 2025. This expansion contributed to a franchising revenue increase of 18.8%, or slightly over $1 million when one-time adjustments are factored in.
Successful Refinancing Progress
Progress in refinancing discussions to replace the Corbel credit line, with 27 statements of interest from potential investors and high confidence in placing the loan.
Improved Cost Management
Controlled variable costs, strategic improvements in labor costs, and negotiated some price increases, despite inflationary pressures.