Welcome to our dedicated page for Noodles & news (Ticker: NDLS), a resource for investors and traders seeking the latest updates and insights on Noodles & stock.
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 (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.
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Noodles & Company (NASDAQ: NDLS) announced on Sept. 22, 2020, that it will provide team members with paid time off to vote, supporting their civic rights. Employees will receive one hour of paid time off for voting, whether in-person or via mail. Additionally, the company has established an online resource library to assist with voter registration and polling information. This initiative is part of Noodles' comprehensive benefits package, aiming to foster a diverse and inclusive workplace. The company is committed to enhancing its employee benefits further in the coming weeks.
Noodles & Company (NASDAQ: NDLS) announced its participation in the virtual CL King’s 18th Annual Best Ideas conference. The discussion is scheduled for September 16, 2020, at 10:15 AM Eastern Time. The event will be available for live streaming and archived on their website under the Investor Relations tab. Noodles & Company, founded in 1995, operates over 450 restaurants, offering a variety of noodle dishes and is recognized as one of the Best Places to Work by the Denver Business Journal.
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Noodles & Company (NASDAQ: NDLS) is set to host a conference call on August 6, 2020, at 4:30 p.m. ET to discuss its second quarter 2020 financial results. CEO Dave Boennighausen and CFO Ken Kuick will lead the call. A press release detailing the financial results will be published after market close on the same day. Participants can access the call by phone or through a live webcast on the company's investor website. A replay of the call will be available until August 13, 2020.