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 (NDLS) reported a 20.7% revenue increase for FY 2021, totaling $475.2 million, driven by a 22.1% rise in comparable restaurant sales. Q4 revenue grew 7.1% to $114.8 million, with company average unit volumes reaching $1.31 million. Net income was $3.7 million, a significant turnaround from a $23.3 million loss in 2020. The company projects 8% unit growth in 2022 and 10% annually thereafter, with a revised AUV target of $1.5 million by 2024. Challenges noted include impacts from the Delta variant and staff shortages, but management remains confident in growth potential.
Noodles & Company (NASDAQ: NDLS) has launched two new salads—Asian Apple Citrus Salad with Chicken and Mexican Street Corn Salad with Chicken—across all 450 locations after successful testing last summer. This addition complements existing salads and caters to diverse dietary preferences. The company promotes a Goodness Guarantee, allowing customers to replace any dish if not satisfied. Noodles also offers a rewards program with incentives for trying the new salads. The initiative reflects the brand's commitment to innovation and customer satisfaction.
Noodles & Company (NASDAQ: NDLS) will host a conference call on February 23, 2022, at 4:30 p.m. ET to discuss its Q4 and full-year 2021 financial results. CEO Dave Boennighausen and CFO Carl Lukach will lead the call. A press release with financial results will be issued after market close on the same day. The conference call can be accessed via phone or streamed live from the company's website. A replay will be available until March 2, 2022.
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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.
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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.