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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.
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Noodles & Company (NASDAQ: NDLS) has launched its second ghost kitchen in Central San Jose, following a successful test in Chicago. This new kitchen expands access to the brand through digital channels and enhances off-premise capabilities, catering to a broader consumer base. The San Jose ghost kitchen aims to gather market insights and test franchise opportunities while supporting Noodles' digital growth strategy, which saw a 15% increase in digital sales in Q2 2021, accounting for 56% of total sales.
BROOMFIELD, Colo., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) will participate in a fireside chat at CL King’s 19th Annual Best Ideas Conference. The discussion is scheduled for September 14, 2021, at 2:45 PM ET. The event will be webcast live and available for later viewing on the Noodles & Company website, under the 'Investor Relations' section.
With approximately 450 restaurants and over 8,000 team members, Noodles & Company continues to offer diverse noodle dishes, emphasizing their commitment to customer satisfaction.
Noodles & Company (Nasdaq: NDLS) announced a franchise agreement with Carlos Hill of Tsunami Enterprises, LLC, to open four new restaurants in the El Paso & Las Cruces area over three years, with the first location set to open by Fall 2022. This partnership aims to expand the Noodles brand into new markets, with Carlos Hill expressing confidence in the brand's appeal to diverse dietary needs. The company has over 450 locations and has received recognition for its workplace culture and commitment to diversity.
Noodles & Company (NDLS) reported a remarkable second quarter of 2021, with total revenue soaring 57% to $125.6 million, attributed to a 56.8% increase in comparable restaurant sales. Company-owned restaurant sales rose by 55.7%, while franchise sales surged by 63.8%. Average unit volumes reached a record $1.35 million, up 51.5% year-over-year. Digital sales accounted for 56% of total revenue, growing 15%. Net income was $5.7 million, or $0.12 per diluted share, a turnaround from a loss of $13.5 million last year. The restaurant contribution margin increased to 18.9%, the highest since 2014.
Noodles & Company, based in Broomfield, Colorado, has announced free delivery for all guests every Monday until September 27, 2021, to support those returning to work and school. The Noodles Rewards program offers weekly deals, including discounts and complimentary food for members, further enhancing customer engagement. Safety remains a priority with no-contact delivery and enhanced cleaning measures. Additionally, Noodles is providing 'You Rock!' coupons for educators to reward students. The company aims to help families enjoy meals together as daily routines resume.
Noodles & Company (NASDAQ: NDLS) will host a conference call on August 3, 2021, at 4:30 p.m. ET to discuss its second quarter 2021 financial results. The call will be led by CEO Dave Boennighausen and CFO Carl Lukach. A press release detailing the financial results will be published after market close on the same day. Interested parties can join the call by dialing (877) 303-1298 or via international number (253) 237-1032. A webcast will also be available on the company’s corporate website, with an archive accessible post-call.
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Noodles & Company announced the testing of three new salads at select locations in Colorado, Maryland, Virginia, Florida, and California. These salads aim to provide fresh, bold flavors and healthier options for customers. The salads include an Asian Apple Citrus Salad, a Mexican Street Corn Salad, and a Quinoa Chop Salad, all designed to complement the company's globally-inspired menu. Noodles & Company emphasizes quick, convenient lunch options as consumers return to the workplace, while also offering plant-based pasta alternatives.
Noodles & Company (NASDAQ: NDLS) will participate in a fireside chat at the Jefferies Virtual Consumer Conference on June 23, 2021, starting at 2:40 pm ET. The discussion will be webcast live and archived on their website for later viewing. Noodles has approximately 450 restaurants and a commitment to serving diverse noodle dishes, from classic Wisconsin Mac & Cheese to healthier Zoodles. For more information, visit www.noodles.com.