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Noble Roman's dough rises with higher profit, revenue

August 12, 2014
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Noble Roman’s Inc. reported higher profit and revenue in the second quarter, compared to the same period a year ago.

The Indianapolis-based franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs said late Monday that it earned $503,000, or 3 cents per share, compared with $431,000, or 2 cents per share, in the second quarter of 2013.

Revenue rose 5 percent, to $2.1 million.

The company said it continues to focus on growth in three primary areas: franchises and licenses in convenience stores; take-and-bake pizzas in grocery stores; and stand-alone take-and-bake franchised locations.

Noble Roman’s sells its pizzas in more than 1,700 grocery stores. In the latest quarter, the company entered into 24 agreements with convenience stores and 61 for stand-alone take-and-bake locations.

Shares of Noble Roman’s were unchanged in early morning trading Tuesday, selling for $1.76. Shares are up 17 percent over the last 52 weeks.
 

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