Noodles & Company Announces Review of Strategic Alternatives to Maximize Shareholder Value
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) ha annunciato che il suo consiglio di amministrazione ha avviato una revisione delle alternative strategiche per massimizzare il valore per gli azionisti. La valutazione prenderà in considerazione opzioni come il rifinanziamento del debito esistente, la refranchising, la possibile vendita totale o parziale dell’attività e altre operazioni strategiche.
Il CEO Joe Christina ha sottolineato i recenti risultati positivi ottenuti con iniziative come la piattaforma Delicious Duos, che hanno contribuito a un incremento delle vendite comparabili dei ristoranti del 4,5% in agosto. La società si è avvalsa di Piper Sandler come consulente finanziario per il processo di revisione. Non è stata fissata una tempistica precisa e non vi è alcuna garanzia che il processo porti a una transazione.
La società gestisce circa 450 ristoranti con 7.000 dipendenti, offrendo varie portate a base di noodle, inclusi i loro iconici Macs e piatti ispirati a cucine internazionali.
Noodles & Company (NASDAQ: NDLS) ha anunciado que su junta directiva ha iniciado una revisión de alternativas estratégicas para maximizar el valor para los accionistas. El análisis evaluará opciones como el refinanciamiento de la deuda existente, el refranquiciado, la posible venta total o parcial del negocio y otras transacciones estratégicas.
El director ejecutivo Joe Christina destacó el éxito reciente de iniciativas como la plataforma Delicious Duos, que ayudaron a lograr ventas comparables positivas en restaurantes del 4,5% en agosto. La compañía ha contratado a Piper Sandler como asesor financiero para el proceso de revisión. No se ha establecido un calendario concreto y no hay garantía de que el proceso culmine en una transacción.
La empresa opera aproximadamente 450 restaurantes con 7.000 empleados, ofreciendo diversos platos de fideos, incluidos sus característicos Macs y recetas de inspiración global.
Noodles & Company (NASDAQ: NDLS)는 주주 가치를 극대화하기 위해 이사회의 전략적 대안 검토를 시작했다고 발표했습니다. 검토 대상에는 기존 부채 재융자, 프랜차이즈 재편, 사업 전부 또는 일부의 매각 가능성 및 기타 전략적 거래가 포함됩니다.
CEO 조 크리스티나는 Delicious Duos와 같은 이니셔티브의 최근 성과를 강조하며, 이로 인해 8월 동일 점포 매출이 4.5% 증가했다고 밝혔습니다. 회사는 검토 과정에서 Piper Sandler를 재무 자문사로 선임했습니다. 구체적인 일정은 정해지지 않았으며 해당 검토가 반드시 거래로 이어질 것이라는 보장은 없습니다.
회사는 약 450개 매장을 운영하며 7,000명의 직원이 근무하고 있고, 대표 메뉴인 Macs와 세계 각국에서 영감을 받은 다양한 누들 요리를 제공합니다.
Noodles & Company (NASDAQ: NDLS) a annoncé que son conseil d'administration a lancé une revue des alternatives stratégiques afin de maximiser la valeur pour les actionnaires. L'examen envisagera des options telles que le refinancement de la dette existante, le refranchisage, la vente totale ou partielle de l'entreprise et d'autres opérations stratégiques.
Le PDG Joe Christina a souligné le succès récent d'initiatives comme la plateforme Delicious Duos, qui ont contribué à des ventes comparables positives en restaurants de 4,5 % en août. La société a mandaté Piper Sandler comme conseiller financier pour le processus. Aucun calendrier précis n'a été fixé et il n'est pas garanti que le processus aboutisse à une transaction.
L'entreprise exploite environ 450 restaurants avec 7 000 employés, proposant divers plats de nouilles, y compris leurs emblématiques Macs et des recettes d'inspiration mondiale.
Noodles & Company (NASDAQ: NDLS) hat bekannt gegeben, dass sein Vorstand eine Überprüfung strategischer Alternativen eingeleitet hat, um den Aktionärswert zu maximieren. Die Prüfung wird Optionen wie die Refinanzierung bestehender Schulden, Refranchising, einen möglichen Verkauf des gesamten oder eines Teils des Unternehmens sowie andere strategische Transaktionen untersuchen.
CEO Joe Christina hob den jüngsten Erfolg von Initiativen wie der Plattform Delicious Duos hervor, die zu positiven vergleichbaren Restaurantumsätzen von 4,5 % im August beitrug. Das Unternehmen hat Piper Sandler als Finanzberater für den Prüfungsprozess beauftragt. Ein konkreter Zeitplan wurde nicht festgelegt, und es gibt keine Garantie, dass der Prozess zu einer Transaktion führt.
Das Unternehmen betreibt rund 450 Restaurants mit 7.000 Mitarbeitern und bietet verschiedene Nudelgerichte an, darunter die charakteristischen Macs und weltweit inspirierte Favoriten.
- Positive comparable restaurant sales growth of 4.5% in August
- Strong menu transformation with successful Delicious Duos platform starting at $9.95
- Proactive approach to maximizing shareholder value through strategic alternatives review
- Existing indebtedness requiring potential refinancing
- Uncertain outcome of strategic review process
- Operating in challenging consumer landscape requiring strategic repositioning
Insights
Noodles & Company's strategic review signals potential significant corporate changes amid improving sales, creating material investor uncertainty but opportunity.
This strategic alternatives review announcement represents a pivotal moment for Noodles & Company that investors should monitor closely. The Board is considering several transformative options including refinancing debt, refranchising operations, or even selling the business entirely. Such reviews typically indicate the Board believes the company's market valuation doesn't reflect its true value or that structural changes are needed.
The timing is particularly noteworthy - this isn't a distressed sale scenario. The company reports positive 4.5% comparable sales in August, suggesting improving operational performance. The "Delicious Duos" value platform appears to be gaining traction, which makes this review more likely about accelerating growth rather than stemming losses.
Management's retention of Piper Sandler as financial advisor adds credibility to this process. For context, strategic reviews often take 3-6 months and don't always result in transactions. The non-committal language ("no assurance that this process will result in any transaction") is standard protective language for such announcements.
The 450-restaurant footprint represents an attractive scale for potential acquirers - large enough to be meaningful but still offering expansion runway. Quick-service restaurant valuations have generally compressed in recent years, potentially making this an opportune time for private equity firms or strategic buyers seeking value. However, the company's existing debt structure will be a critical factor in any transaction evaluation.
While management will remain focused on daily operations, these processes inevitably consume significant executive attention, potentially creating execution risks during the review period.
BROOMFIELD, Colo., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced that its Board of Directors has initiated a review of strategic alternatives in order to explore ways to maximize shareholder value. The review will include a range of potential strategic alternatives, including refinancing of existing indebtedness, refranchising or sale of all or part of the business, and/or other strategic or financial transactions.
Joe Christina, President and Chief Executive Officer of Noodles & Company, commented, “As we navigate through the evolving consumer landscape, our team has been working hard to optimize our recent menu transformation initiative, including strengthening our value proposition through successful initiatives like our Delicious Duos platform, which has contributed to strong comparable restaurant sales performance of positive
Noodles & Company has not set a deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance that this process will result in any transaction or particular outcome. The Company does not intend to comment further unless and until the Board has approved a specific course of action or the Company has otherwise determined that further disclosure is appropriate or necessary.
Noodles & Company has retained Piper Sandler as its financial advisor to assist in this review.
Key Definitions
Comparable Restaurant Sales — represents year-over-year sales comparisons for the comparable restaurant base open for at least 18 full periods. This measure highlights performance of existing restaurants, as the impact of new restaurant openings is excluded. Changes in comparable restaurant sales are generated by changes in traffic, which we calculate as the number of entrées sold and changes in per-person spend, calculated as sales divided by traffic. Restaurants that were temporarily closed or operating at reduced hours remained in comparable restaurant sales.
About Noodles & Company
Since 1995, Noodles & Company has served fresh, made-to-order noodle dishes that deliver comfort, adventure, and discovery in every bowl. From indulgent Macs, where Noodles proudly owns the category with craveable, award-winning varieties, to globally inspired favorites like Spicy Korean Steak Noodles, there is something for every craving. Noodles offers variety and balance with value in every bowl, and with new Delicious Duos starting at just
Forward-Looking Statements
In addition to historical information, this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In some cases, you can identify forward-looking statements by terms such as “may,” “might,” “will,” “objective,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “design,” “estimate,” “predict,” “potential,” “plan” or the negative of these terms and similar expressions intended to identify forward-looking statements. These statements reflect our current views with respect to future events and are based on currently available operating, financial and competitive information. Examples of forward-looking statements include all matters that are not historical facts, such as statements regarding expectations with respect to our review of strategic alternatives, business strategy and priorities, new menu offerings and our financial condition and liquidity needs. Our actual results may differ materially from those anticipated in these forward-looking statements due to reasons including, but not limited to, uncertainties as to the availability, suitability, structure, terms, and timing of any strategic transaction resulting from the strategic review and whether any such transaction will be completed, the impact of any such strategic transaction on Noodles & Company, whether the strategic benefits of any such strategic transaction can be achieved; current performance trends and our expectations for future performance; ability to obtain financing on acceptable terms, if at all, and comply with our covenants under the A&R Credit Agreement; our ability to achieve and maintain increases in comparable restaurant sales and to successfully execute our business strategy, including new restaurant initiatives and operational strategies to improve the performance of our restaurant portfolio; the success of our brand strategy and marketing efforts, including our ability to successfully introduce new menu items, including limited time offerings and the success of our promotions; and economic and other conditions beyond our control, including those resulting from inflation, increased interest rates, recessionary economic cycles, changes in trade policies, including tariffs or other trade restrictions or the threat of such actions, and domestic or global conflicts, wars, terrorist activity, weather, natural disasters, disease outbreaks, epidemics or pandemics. For additional information on these and other factors that could affect the Company’s forward-looking statements, see the Company’s risk factors, as they may be amended from time to time, set forth in its filings with the SEC, included in our most recently filed Annual Report on Form 10-K, and, from time to time, in our subsequently filed Quarterly Reports on Form 10-Q. The Company disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as may be required by applicable law or regulation.
Investor Relations Contact: investorrelations@noodles.com
Media Contact: press@noodles.com
FAQ
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