Noodles & Co Stock Price, News & Analysis

Noodles & Company (NASDAQ: NDLS) has announced a franchise partnership with Warner Foods, committing to develop 40 new locations in California over 12 years. The agreement will also see the re-franchising of 15 existing locations to Warner Foods, which will operate as NorCal Noodles, LLC. Expected to close on January 12, 2022, this deal marks a growth phase for Noodles & Company, aiming for seven to nine new openings in Q1 2022 and projected annual growth of 10% beyond 2022.

Noodles & Company (NASDAQ: NDLS) announced its participation in two investor conferences in January 2022. The first event is a fireside chat at the 2022 Virtual ICR Conference on January 10, starting at 1:30 PM ET, which will be streamed live on their website. The second event is the virtual Jefferies Annual Winter Summit, taking place from January 24 to 25. Established in 1995, Noodles & Company operates around 450 restaurants, offering a diverse selection of noodle dishes.

Noodles & Company (NASDAQ: NDLS) announced the launch of its innovative noodle, LEANguini, aimed at health-conscious consumers. This new noodle boasts 56% fewer net carbs, 30% fewer total carbs, and 44% more protein than traditional wheat noodles, developed over two years by its culinary team. LEANguini will be tested in select locations in Colorado, Illinois, and Ohio, accompanied by three new dishes. As part of the January Healthy Options Challenge, Rewards members can earn double points when swapping for LEANguini. More details can be found at Noodles.com/menu.

Noodles & Company (NASDAQ: NDLS) will participate in a fireside chat at the Stephens Annual Investment Conference in Nashville, TN, on December 2, 2021, starting at 3:00 PM CT. The discussion will be webcast live and archived on their website under the Investor Relations section.

The company, established in 1995, operates around 450 restaurants and employs over 8,000 team members, focusing on diverse noodle dishes.

Noodles & Company (NDLS) announces the launch of TRUFF Mac, a limited-edition dish combining its famous Wisconsin Mac & Cheese with TRUFF's Signature Black Truffle Hot Sauce. Available exclusively at over 450 locations as a digital-only offering, this collaboration aims to enhance the dining experience. The dish is made with high-quality ingredients and is promoted through Noodles' digital channels, including the Noodles Rewards app. Customers can redeem points for this exclusive item, showcasing the brand's customer engagement strategy.

Noodles & Company (NDLS) has released its first impact report, showcasing progress across people, food, planet, and community. Key highlights include:

• Women represent 56% of the operations team and 50% of the executive team.
• $7.6 million invested in team member benefits, including mental health support and bonuses.
• The Noodles & Company Foundation has donated over $800,000 to team members and supported educational scholarships.
• Commitment to clean ingredients and menu innovation.
• Over $400,000 donated to local schools and organizations.

Noodles & Company (NDLS) reported strong Q3 2021 results, with total revenue rising 18.1% to $125.1 million, attributed to a 16.3% increase in comparable restaurant sales. Digital sales constituted 52% of total revenue, and average unit volumes reached a record $1.38 million, up 16% YoY. The company achieved net income of $4.7 million, or $0.10 per diluted share, compared to a loss in the same period last year. However, delays in new restaurant openings are expected, revising the outlook for 2021 down to 7-9 new locations, with anticipated unit growth of at least 8% for 2022.

Noodles & Company (NASDAQ: NDLS) will host a conference call to discuss its third quarter 2021 financial results on October 27, 2021, at 4:30 p.m. ET. CEO Dave Boennighausen and CFO Carl Lukach will lead the call. A press release with the financial results will be issued after market close on the same day. Interested parties can access the call by dialing (877) 303-1298 or via a live webcast on the company's corporate website. A replay will be available until November 3, 2021.