Noodles & Company reports developments tied to its fast-casual restaurant concept, which serves cooked-to-order noodle and pasta dishes, soups, salads and appetizers through company-owned and franchised restaurants. Recurring updates cover quarterly and annual financial results, comparable restaurant sales, average unit volume trends, restaurant contribution margin, adjusted EBITDA, debt and liquidity disclosures, and business outlook commentary.
Company news also includes limited-time menu launches and collaborations, including globally inspired noodle offerings, value-oriented meal bundles and returning seasonal dishes. Other recurring themes include off-premise dining activity, franchise and company-owned restaurant performance, shareholder voting matters, governance updates and capital-structure actions affecting the Class A common stock.
Noodles & Company (NASDAQ: NDLS) will host a fireside chat during the 25th Annual ICR Conference in Orlando, FL, on January 9, 2023, starting at 1:30 PM ET. The discussion will be available for live streaming and archived on the company’s website. Interested participants can access it via the Noodles & Company Investor Relations tab or the ICR Conference website.
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Noodles & Company (NASDAQ: NDLS) will host a fireside chat at the Stephens Annual Investment Conference in Nashville, TN, on November 16, 2022, starting at 9:00 AM CT. The event will be available via live webcast and archived on the company’s website under the “Investor Relations” tab for those interested in listening. Noodles & Company has been serving a variety of noodle dishes since 1995, operating over 450 restaurants with around 9,000 team members committed to delivering flavorful meals.
Noodles & Company (NDLS) reported a 3.4% revenue increase to $129.4 million for Q3 2022, driven by strong comparable restaurant sales growth of 2.1%. However, net income fell to $0.8 million ($0.02 per share), down from $4.7 million ($0.10 per share) in Q3 2021. Operating margin decreased to 1.2% from 4.3%, affected by rising costs. Despite challenges, the company expects Q4 revenue between $133.5 million and $136.5 million, reaffirming plans for 5% unit growth and $30 million to $33 million in capex for 2022.
Noodles & Company has launched Impossible™ Chicken, a plant-based protein, now available nationwide across its menu. Following successful market tests, two new dishes feature Impossible Chicken: Impossible Orange Chicken Lo Mein and LEANguini Rosa with Impossible Chicken. The dishes cater to various dietary preferences and promote healthier eating. Impossible Chicken offers 12 grams of protein with less fat compared to animal chicken. The company emphasizes quality and customer satisfaction, introducing a Goodness Guarantee for its new menu items.
Noodles & Company (NASDAQ: NDLS) will hold a conference call on November 3, 2022, at 4:30 p.m. ET to discuss its third quarter 2022 financial results. Hosting the call will be CEO Dave Boennighausen and CFO Carl Lukach. A press release detailing the financial results will be issued after market close that day. Interested parties can join the call via a registration link for personal dial-in details or listen live on the corporate website under the Events & Presentations section. An archive of the call will be available shortly after its conclusion.
Summary not available.
Noodles & Company (NDLS) reported a 4.3% increase in total revenue to $131.1 million for Q2 2022, driven by a 5.1% rise in system-wide comparable restaurant sales. Average unit volumes reached a record $1.42 million, up 5.3% year-over-year and 18.3% from Q2 2019. However, net income fell to $1.3 million, or $0.03 per diluted share, down from $5.7 million in Q2 2021. Operating margin declined to 1.4% due to increased inflation costs, and adjusted EBITDA decreased by 19% to $11.2 million. The company plans to open 21-23 new locations in 2022 and has reaffirmed long-term growth targets.
Noodles & Company announces the launch of the 7 Delicious $7 Dishes menu, offering high-quality, made-to-order noodle dishes starting at $7. Available nationwide, the menu includes favorites like Wisconsin Mac & Cheese and Japanese Pan Noodles, designed to provide value amidst rising inflation. Guests, especially Noodles Rewards members, can benefit from exclusive offers, including unlimited free delivery in August. This initiative aims to enhance customer satisfaction by combining quality and affordability, reinforcing Noodles & Company's commitment to delivering 'Uncommon Goodness.'
Noodles & Company (NASDAQ: NDLS) has announced a conference call to discuss its second quarter 2022 financial results on July 27, 2022, at 4:30 p.m. ET. CEO Dave Boennighausen and CFO Carl Lukach will be hosting the call, which follows a press release detailing the company's financial performance that will be issued after the market closes on the same day. Interested parties can register for the call or access a live webcast on the company’s investor relations website.