Noodles & Co Stock Price, News & Analysis

Noodles & Company (NASDAQ: NDLS) has announced key promotions within its leadership team to facilitate its growth objectives, targeting a system-wide unit growth of at least 7% annually from 2022, average unit volumes of $1.45 million by 2024, and a 20% restaurant contribution margin by 2024. Brad West has been appointed as Chief Operating Officer, Sue Petersen as Executive Vice President of Inclusion, Diversity, and People, and Corey Kline as Executive Vice President of Technology. The company aims to enhance its operational excellence and technological innovation, vital for achieving their accelerated growth plans.

Noodles & Company (NDLS) reported its Q4 and FY 2020 results, with significant digital sales growth. Q4 digital sales surged 128%, comprising 62% of total sales. However, total revenue fell 5.9% to $107.2 million, and the net loss widened to $3.8 million. For FY 2020, revenue decreased 14.9% to $393.7 million, with a net loss of $23.3 million. The company aims for accelerated growth, targeting 7% annual unit growth starting in 2022 and a 20% restaurant contribution margin by 2024.

Noodles & Company (NASDAQ: NDLS) has launched a multi-unit franchise growth initiative aimed at expanding its presence in Southern and Southwestern markets. Targeting states such as Alabama, Florida, Georgia, New Mexico, South Carolina, and Texas, the expansion will leverage both company locations and existing franchisees. The initiative is supported by the hiring of John Ramsay as vice president of franchise development, who aims to strengthen franchise partnerships. Noodles & Company’s successful recent openings highlight potential growth in the fast-casual dining sector.

Noodles & Company (NASDAQ: NDLS) announced a conference call scheduled for February 25, 2021, at 4:30 p.m. ET to discuss its fourth quarter and full year 2020 financial results. CEO Dave Boennighausen and CFO Carl Lukach will host the call. A press release with the financial results will be issued after the market close on the same day. The call will be accessible via phone and will also be webcast live on the company's investor relations website, with a replay available until March 4, 2021.

Noodles & Company (NASDAQ: NDLS) has introduced two new Cauliflower Gnocchi dishes, Cauliflower Gnocchi Rosa and Cauliflower Gnocchi with Roasted Garlic Cream. These dishes feature half the carbs of traditional pasta, are gluten-sensitive, and offer a full serving of vegetables. The new menu items are made-to-order with nutritious ingredients like spinach, zucchini, and mushrooms. This innovative addition reflects Noodles' commitment to catering to diverse dietary preferences. The dishes are available at all locations for convenient online ordering or through the Noodles Rewards app.

Noodles & Company (NASDAQ: NDLS) announced its participation in two upcoming investor conferences in January 2021. The first event is a virtual fireside chat at the 23rd Annual ICR Conference on January 11, 2021, at 12:30 PM ET, which will be broadcast live. The second event is the Jefferies 10th Annual Winter Summit taking place from January 19 to 20, 2021. For more details, visit Noodles & Company's website.

Noodles & Company (NASDAQ: NDLS) has appointed Shawn A. Taylor as an independent member of its Board of Directors, effective December 15, 2020. Jeff Jones, Chairman of the Board, expressed confidence in Taylor's extensive experience in the restaurant industry, noting his past leadership roles at Zaxby's and Taco Bell. Taylor aims to leverage his skills to enhance Noodles & Company's growth potential. He holds a B.S. in accounting from Purdue University and has a strong record of community involvement and business leadership.

Noodles & Company (NASDAQ: NDLS) announced the testing of new ravioli and tortelloni dishes at 21 locations across Colorado, Illinois, and Ohio. These offerings feature premium ingredients and fresh vegetables, designed to provide guests with elevated menu choices. The new dishes include options like 3-Cheese Tortelloni Rosa and Parmigiano Ravioli Pesto, reflecting a year-long development process focused on flavor and guest feedback. Noodles Rewards members can benefit from a free delivery promotion until December 31, along with special offers during a limited time.

Noodles & Company (NASDAQ: NDLS) has appointed Fortnight Collective as its creative agency for 2021. This partnership began in March 2020, aiming to enhance brand loyalty through innovative marketing strategies during the pandemic. Fortnight Collective, recognized as one of Adweek's 100 Fastest Growing Agencies, will support Noodles in launching new products and digital marketing innovations. CEO Andy Nathan expressed excitement about the continued collaboration, emphasizing their strong team dynamic and commitment to growing the Noodles brand together.