Noodles & Co Stock Price, News & Analysis

Noodles & Company (NASDAQ: NDLS) has announced that its Board of Directors has initiated a strategic alternatives review to maximize shareholder value. The review will explore options including refinancing existing debt, refranchising, potential sale of all or part of the business, and other strategic transactions.

CEO Joe Christina highlighted the company's recent success with initiatives like the Delicious Duos platform, which contributed to positive comparable restaurant sales of 4.5% in August. The company has retained Piper Sandler as financial advisor for the review process. No specific timeline has been set, and there is no guarantee that the process will result in any transaction.

The company operates approximately 450 restaurants with 7,000 team members, offering various noodle dishes including their signature Macs and globally inspired favorites.

Noodles & Company (NASDAQ: NDLS) reported challenging Q2 2025 financial results, with total revenue decreasing 0.7% to $126.4 million. The company posted a net loss of $17.6 million, or $0.38 loss per share, compared to a $13.6 million loss in Q2 2024.

Despite a difficult consumer environment, system-wide comparable restaurant sales increased 1.5%. Restaurant contribution margin declined to 12.8% from 15.5% year-over-year. The company announced a leadership transition, with Joe Christina replacing Drew Madsen as CEO.

For fiscal 2025, NDLS revised guidance to include revenue of $487-495 million, comparable sales growth of 2.5-4.0%, and plans to close 28-32 company-owned restaurants while opening two new locations.

Noodles & Company (NASDAQ: NDLS) has announced a significant leadership transition, with Joseph D. Christina being promoted from President and COO to President and CEO, effective August 31, 2025. Christina will succeed Drew Madsen, who is stepping down due to personal medical reasons but will remain on the Board of Directors.

Christina brings extensive QSR and fast-casual restaurant leadership experience, including 29 years at Burger King and CEO positions at Church's Chicken and Tijuana Flats. Additionally, the company has rescheduled its Q2 2025 earnings conference call from August 6 to August 13, 2025, at 4:30 p.m. ET.

Noodles & Company (NASDAQ:NDLS) has launched Delicious Duos, a new value-focused menu offering that pairs a small entrée with protein and a side, starting at $9.95. The initiative responds to consumer preferences, as a recent survey showed nearly 50% of respondents prefer small entrées with sides, while 75% prioritize price and value when dining out.

The company will celebrate the launch with a Buy One, Get One 50% Off promotion during "Dress as a Duo Day" on August 16 at participating locations. Customers who dress as iconic pairs can participate in this special offer. Chef-curated options with protein are priced at $10.95, and sides include Lemon Parmesan Broccoli, Caesar Salad, Garden Salad, and Chicken Noodle Soup.

Noodles & Company (NASDAQ: NDLS) has scheduled its second quarter 2025 earnings conference call for August 6, 2025, at 4:30 p.m. ET. The company's CEO Drew Madsen and CFO Mike Hynes will lead the discussion.

The earnings release will be published after market close on the same day. Investors can join via phone at 201-389-0920, with a replay available until August 13, 2025, at 412-317-6671 (passcode: 13754231). Additionally, a live webcast will be accessible through the company's investor relations website, with an archived version available afterward.

Noodles & Company (NASDAQ: NDLS) announces the launch of its new Bulgogi Steak Mac & Cheese, available nationwide from July 2, 2025. This limited-time offering combines their signature Creamy Mac & Cheese with Korean-inspired flavors, featuring seared steak, Gochujang sauce, and Asian seasonings.

To celebrate National Mac & Cheese Day on July 14, Noodles Rewards members can get 50% off any Mac Menu dish with the purchase of a regular entrée. The company is also running a social media giveaway from June 27 to July 3, where 100 winners can win exclusive Spoonsticks - a hybrid spoon-chopsticks utensil.

New Noodles Rewards members can earn a free entrée after their first purchase of $10 or more.

Noodles & Company (NASDAQ: NDLS) has partnered with Food Network to highlight four "Food Network Favorites" from its recently reinvented menu. The selected dishes include Basil Pesto Cavatappi, Buffalo Chicken Ranch Mac & Cheese, Rigatoni Rosa with Parmesan Chicken, and Lemon Garlic Shrimp Scampi. This partnership follows Noodles' March menu reinvention, where more than two-thirds of items were new or improved. The collaboration aims to showcase the restaurant's culinary craftsmanship and value proposition, combining Food Network's expertise in flavor with Noodles & Company's specialty in noodle-focused dishes. The selected items feature enhanced ingredients and recipes, including aged Parmesan, fire-roasted tomatoes, and signature sauces, available nationwide at Noodles & Company locations.

Noodles & Company (NDLS) reported mixed Q1 2025 financial results. Total revenue increased 2.0% to $123.8M, with system-wide comparable restaurant sales up 4.4%. However, the company posted a net loss of $9.1M ($0.20 per share), wider than the $6.1M loss in Q1 2024. Operating margin declined to -5.2%, and restaurant contribution margin decreased to 10.3%. The company launched a reimagined menu on March 12th, driving ~5% comparable sales growth through April. Liquidity position shows $1.4M in cash and $102.7M in debt. For 2025 guidance, NDLS expects total revenue of $503-512M, plans to open 2 new company-owned restaurants, but will close 13-17 company-owned and 4 franchised locations. Restaurant contribution margins were revised down to 12.0-14.0%.

Noodles & Company (NASDAQ: NDLS) has scheduled its first quarter 2025 financial results announcement for May 7, 2025. The company will host a conference call at 4:30 p.m. ET, led by CEO Drew Madsen and CFO Mike Hynes, following the release of financial results after market close.

Investors can access the call by dialing 201-389-0920, with a replay available until May 21, 2025, at 412-317-6671 (passcode: 13752400). The conference call will also be webcast live on the company's investor relations website at investor.noodles.com under 'Events & Presentations', with an archive available shortly after.