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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowRevenue at Noble Roman's Inc. inched up in the first quarter as the Indianapolis-based franchisor continued to grow its take-and-bake pizza operation in grocery stores.
Profit was $368,012, or 2 cents a share, up slightly from $351,667 in the same period last year, the company announced Tuesday. Revenue surpassed $1.8 million, an increase of about $27,000.
The franchisor of Noble Roman's Pizza and Tuscano's Italian Style Subs attributed the gain to a boost in ongoing royalties from its grocery store business and other non-traditional franchises.
Ongoing revenue from traditional locations was down.
The take-and-bake program, launched in 2009, offers pizzas, lasagna, breadsticks and sauces in more than 550 supermarkets and has signed agreements with a number of grocery store distributors to broaden its reach.
The company also is “experiencing some renewed interest” in other non-traditional venues such as hospitals, military bases, universities, convenience stores, entertainment facilities and travel plazas, according to a news release.
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