Noodles & Co Stock Price, News & Analysis

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.

Noodles & Company (NASDAQ: NDLS) is launching a promotion for college bowl season from December 15 to December 19, 2020. Noodles Rewards members can receive a free regular-size bowl with the purchase of any bowl, valid for two weeks after issuance. This offer aims to enhance the college football experience even amid changes in stadium attendance. Customers can combine this deal with free delivery through the Noodles Rewards app. The initiative reflects the company’s commitment to engaging with fans during the bowl season.

Noodles & Company (NASDAQ: NDLS) announced it will host over 150 fundraisers on December 1, 2020, for National Day of Giving, benefiting local schools. From 4:00 - 8:00 p.m., participating locations will donate 50% of qualifying sales to partnered schools to support essential activities and supplies. The initiative follows a survey indicating many teachers incur personal expenses for educational materials due to remote learning. This year, the company has already raised nearly $200,000 for local organizations through fundraising events.

Noodles & Company (NASDAQ: NDLS) has appointed John Ramsay as vice president of franchise sales to enhance its growth strategy. The company plans to open 10-15 new restaurants in 2021 and aims for at least 7% annual unit growth from 2022. Ramsay, with over 28 years of experience, will play a vital role in franchising and expanding existing locations. Additionally, two real estate directors have been hired to further bolster development efforts as Noodles aims to capitalize on favorable market conditions.

Noodles & Company (NASDAQ: NDLS) announced key leadership changes, appointing Carl Lukach as Chief Financial Officer effective November 30, 2020. Lukach brings over 17 years of financial expertise from notable organizations like Equinox and Abercrombie & Fitch. He aims to enhance the company's financial strategy and growth potential.

Additionally, Kathy Lockhart has been promoted to Chief Accounting Officer, continuing her 14-year tenure at Noodles. Both leaders are expected to facilitate growth and shareholder value during a transformative period for the company.

Noodles & Company (NDLS) reported its Q3 2020 financial results, revealing total revenue of $106 million, down from $118.3 million in Q3 2019. Comparable restaurant sales declined by 3.8% overall, with digital sales surging 151%, representing 61% of total sales. The company posted a net loss of $0.1 million, or $0.00 per diluted share, contrasting with a net income of $4.2 million in the same period last year. Adjusted EBITDA decreased to $7.7 million from $11 million year-over-year, impacted by COVID-19 related restaurant closures and increased delivery costs.

Noodles & Company (NASDAQ: NDLS) will host a conference call on October 28, 2020, at 4:30 p.m. ET to discuss third quarter 2020 financial results. CEO Dave Boennighausen will lead the call. A press release with the financial results will be issued post-market close on the same day. The call can be accessed at (877) 303-1298 for domestic callers and (253) 237-1032 for international callers. A replay will be available until November 4, 2020. The meeting will also be available live on the company's website.