Noodles & Co - NDLS STOCK NEWS

Noodles & Company (NASDAQ: NDLS) announces a 14-day 'Taste Tour' promotion starting April 12, 2025, featuring daily exclusive offers for Noodles Rewards members. The promotion showcases the company's significant menu refresh and upgraded classics.

The tour begins with a $5 regular bowl of Creamy Cheddar Mac & Cheese offer, followed by special pricing and BOGO deals on menu items including new additions like Pulled Pork BBQ Mac & Cheese, Cajun Shrimp Fettuccine, and Rigatoni Rosa. The promotion runs through April 25, with members able to access deals through the Noodles mobile app or website.

New members can join the free Noodles Rewards program to participate, while existing members can opt into SMS notifications by texting SIGNUP to 47418 for daily deal announcements. SMS subscribers will receive an additional special perk when the Taste Tour concludes on April 26.

Noodles & Company (NASDAQ: NDLS) has launched its largest-ever menu transformation, with two-thirds of items being new or improved. The revamp includes a dedicated Mac & Cheese menu and several new dishes featuring premium ingredients and enhanced flavors.

Key additions include Buffalo Chicken Ranch Mac & Cheese, Garlic Bacon Crunch Mac & Cheese, Cajun Shrimp Fettuccine, and Green Goddess Cobb Salad. Fan favorites have been reimagined with more sauce, vegetables, and elevated ingredients, including the signature Creamy Cheddar Mac & Cheese and Rigatoni Rosa.

The menu overhaul follows 18 months of testing and development, with test market results showing significant increases in guest satisfaction. The company maintains its fresh ingredient commitment, with daily hand-chopped vegetables and in-house prepared noodles. The rollout is supported by the company's Goodness Guarantee policy, allowing customers to exchange dishes at no cost if unsatisfied.

Noodles & Company (NASDAQ: NDLS) announced that its Board of Directors has granted an equity inducement award to Joe Christina, the company's new President and Chief Operating Officer. The award, consisting of 160,000 time-based RSUs, was granted outside of the Company's 2023 Stock Incentive Plan and in accordance with Nasdaq Listing Rule 5635(c)(4).

The RSUs will vest over a four-year period, with one-fourth vesting on each anniversary of Christina's start date, contingent upon his continued employment with the company.

Noodles & Company (NDLS) reported Q4 and full-year 2024 results with mixed performance. Q4 total revenue decreased 2.0% to $121.8M, though system-wide comparable sales increased 0.8%. The company posted a Q4 net loss of $9.7M ($0.21 per share), wider than the $6.1M loss in Q4 2023.

For full-year 2024, revenue declined 2.0% to $493.3M with system-wide comparable sales down 1.5%. Annual net loss expanded to $36.2M ($0.80 per share) from $9.9M in 2023. Restaurant contribution margin decreased to 13.2% from 14.9%.

Looking ahead to 2025, management expects:

• Revenue of $503M-$512M
• Mid-single digit comparable restaurant sales growth
• Restaurant contribution margins of 12.5%-14.0%
• Two new company-owned openings
• 12-15 company-owned and 4 franchise restaurant closures

Noodles & Company (NASDAQ: NDLS) has appointed Joe Christina as President and Chief Operating Officer. Christina brings over three decades of restaurant leadership experience and will oversee operations and human resources. He succeeds Brad West, who announced retirement in 2024 after eight years as COO.

Christina's extensive background includes leadership roles at Burger King, where he spent 29 years in various positions from Restaurant Manager to SVP of Franchise Operations. He later served as CEO of Church's Chicken, leading significant year-over-year growth, and most recently as CEO of Tijuana Flats.

The appointment comes as Noodles & Company prepares for a comprehensive new menu introduction in the first half of the year. West will remain with the company as Chief of Staff through June 2025 to ensure a smooth transition.

Noodles & Company (NASDAQ: NDLS) has scheduled its fourth quarter and full year 2024 financial results announcement for Thursday, March 6, 2025, after market close. The company will host a conference call at 4:30 p.m. ET, led by CEO Drew Madsen and CFO Mike Hynes.

Investors can access the conference call by dialing 201-389-0920, with a replay available until March 20, 2025, at 412-317-6671 (passcode: 13750888). The call will also be webcast live on the company's investor relations website, with an archived version available afterward.

Noodles & Company (NASDAQ: NDLS) has announced the return of Steak Stroganoff to its menu starting January 15, 2025, following its successful 2024 launch when it sold out in just two weeks. The dish features wavy egg noodles in a mushroom sherry cream sauce with fresh herbs, cracked pepper, roasted mushrooms, tender marinated steak, parmesan cheese, and Italian parsley.

The -time offering is backed by the company's Goodness Guarantee program, allowing customers to exchange their meal for a different dish if not satisfied. The dish is available at all locations nationwide for dine-in, through the Noodles mobile app, or via third-party delivery. Customers can also access the dish through Noodles Catering for events and gatherings.

The company is promoting its Noodles Rewards program, offering new members a free regular entrée after their first purchase and access to exclusive offers through their Extra Goodness platform.

Noodles & Company (Nasdaq: NDLS) announced preliminary, unaudited sales results for Q4 2024, ending December 31, 2024. The company reported a 0.8% increase in system-wide comparable sales, with a 0.5% rise at company-owned restaurants and a 1.9% increase at franchise locations.

Company-owned average unit volumes remained flat at $1.3 million, while digital sales grew by 5.6%. CEO Drew Madsen attributed the improved Q4 performance to new menu items, promotional offers, and increased third-party delivery channel activity. He noted that the strongest sales performance occurred in the last four weeks of the quarter, despite the end of promotional activities.

Madsen highlighted the company's strategic reduction in planned capital expenditures for 2025 to strengthen the balance sheet. He emphasized the ongoing comprehensive menu transformation and the growth of digital channels and loyalty programs.

Overall, Noodles & Company is optimistic about its strong foundation entering 2025, aiming to capitalize on future opportunities.

Noodles & Company (NASDAQ: NDLS) announces the return of Holiday CrispiDays, featuring four -edition festive flavors throughout December 2024. Each week introduces a new specialty Crispy treat: S'mores Crispy (12/2-12/8), Cinnamon Crunch Crispy (12/9-12/15), Chocolate Peppermint Crispy (12/16-12/22), and Cake Batter Crispy (12/23-12/29).

Customers spending $15 or more can get a Crispy for $1 using code CRISPIDAYS. The promotion includes special offers for Noodles Rewards members, including a free regular entree for new members after their first purchase.