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) has released its first impact report, showcasing progress across people, food, planet, and community. Key highlights include:
- Women represent 56% of the operations team and 50% of the executive team.
- $7.6 million invested in team member benefits, including mental health support and bonuses.
- The Noodles & Company Foundation has donated over $800,000 to team members and supported educational scholarships.
- Commitment to clean ingredients and menu innovation.
- Over $400,000 donated to local schools and organizations.
Noodles & Company (NDLS) reported strong Q3 2021 results, with total revenue rising 18.1% to $125.1 million, attributed to a 16.3% increase in comparable restaurant sales. Digital sales constituted 52% of total revenue, and average unit volumes reached a record $1.38 million, up 16% YoY. The company achieved net income of $4.7 million, or $0.10 per diluted share, compared to a loss in the same period last year. However, delays in new restaurant openings are expected, revising the outlook for 2021 down to 7-9 new locations, with anticipated unit growth of at least 8% for 2022.
Noodles & Company (NASDAQ: NDLS) will host a conference call to discuss its third quarter 2021 financial results on October 27, 2021, at 4:30 p.m. ET. CEO Dave Boennighausen and CFO Carl Lukach will lead the call. A press release with the financial results will be issued after market close on the same day. Interested parties can access the call by dialing (877) 303-1298 or via a live webcast on the company's corporate website. A replay will be available until November 3, 2021.
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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.