Welcome to our dedicated page for Noodles & Co news (Ticker: NDLS), a resource for investors and traders seeking the latest updates and insights on Noodles & Co stock.
Noodles & Company (NDLS) delivers fresh, globally inspired dishes through its fast-casual restaurants across the United States. This hub provides investors and industry observers with essential updates about corporate developments, financial performance, and strategic initiatives.
Access official press releases alongside curated news coverage spanning earnings reports, leadership updates, and operational expansions. Our collection focuses on verified information about menu innovations, franchise development, and market positioning within the competitive fast-casual sector.
Discover updates about culinary collaborations, sustainability efforts, and community engagement programs that shape NDLS's brand identity. All content is organized chronologically to help track the company's evolution while maintaining neutral analysis suitable for investment research.
Bookmark this page for streamlined access to NDLS's latest announcements and third-party analyses. Check regularly for updates reflecting the company's financial health and operational strategies in the dynamic restaurant industry.
Noodles & Company (NASDAQ: NDLS) has launched three new dishes as part of a multi-phase menu transformation: Lemon Garlic Shrimp Scampi, Chipotle Chicken Cavatappi, and Crispy Chicken Bacon Alfredo. These new offerings, developed in collaboration with The Culinary Edge, introduce bold flavors and fresh ingredients to elevate the dining experience.
The nationwide rollout follows successful trials in three test markets. Noodles & Company's chief concept officer, Scott Davis, emphasizes that this launch marks the beginning of delivering more sophisticated, dynamic flavors to guests. The company also introduces the Noodles Goodness Guarantee, allowing customers to exchange their entree if they don't love it.
To enhance customer engagement, Noodles & Company offers the Noodles Rewards program, providing members with benefits such as a free regular entree after their first purchase, birthday rewards, and access to the new Extra Goodness platform. The company also highlights its catering services for various events.
Noodles & Company (NASDAQ: NDLS) is celebrating National Noodle Day on October 6, 2024, with a special offer for Noodles Rewards members. On October 5 and 6, members can enjoy any noodle bowl for just $5. This promotion allows guests to try new dishes or enjoy their favorites at a discounted price.
The offer includes popular menu items like Spicy Korean Steak Noodles, Penne Rosa, and Wisconsin Mac & Cheese. CEO Drew Madsen expressed excitement about the celebration and appreciation for loyal customers. The company's Goodness Guarantee program ensures customer satisfaction, allowing guests to exchange their meal if they're not satisfied.
To participate, customers must be Noodles Rewards members. The offer is valid once per member, excluding customizations. Signing up for Noodles Rewards is free through the mobile app or website. Orders can be placed online, via the app, or in-store for pickup or delivery. Noodles Catering is also available for events and gatherings.
Noodles & Company (NASDAQ: NDLS) announces a -time offer of free kids' meals with the purchase of any regular entrée, available any day and time. This promotion, accessible in-restaurant, via the Noodles app, or online using the code KIDSEATFREE, aims to support families during the busy fall season. The offer includes popular kids' menu items like Wisconsin Mac & Cheese and Spaghetti & Meatballs, along with sides and a drink.
CEO Drew Madsen emphasizes the company's commitment to providing value and nourishment to families. The promotion aligns with Noodles' Goodness Guarantee program, allowing customers to exchange dishes they don't love at no cost. Additionally, the company encourages customers to join the Noodles Rewards program for more benefits, including a free entrée for new members and access to exclusive offers.
Noodles & Company has partnered with Care Bears™ to launch a -time Care Bears Share Menu starting August 28, 2024. This collaboration aims to promote sharing and caring during the back-to-school season. The menu features two options:
1. Care Bears Besties Meal: A large entrée, small entrée, and Cheer Crispy for $14.95.
2. Share Your Care Junior Meal: A small entrée, kids' drink, and collectible Care Bears mini plush for $8.95.
The partnership aligns with both brands' values of inclusivity, kindness, and friendship. Noodles & Company's Goodness Guarantee program allows customers to exchange dishes at no cost if unsatisfied. The promotion runs through September 9, coinciding with Care Bears' Share Your Care Day.
Noodles & Company (NASDAQ: NDLS) has announced that its Board of Directors granted an equity inducement award to Scott Davis, the company's new Chief Concept Officer. The award, consisting of 94,595 time-based RSUs, was granted outside of the Company's 2023 Stock Incentive Plan and in accordance with Nasdaq Listing Rule 5635(c)(4). This equity award is considered material to Mr. Davis's acceptance of employment with Noodles & Company.
The RSUs will vest over a four-year period, with one-fourth vesting on each anniversary of Mr. Davis's start date, contingent upon his continued employment with the company. This grant demonstrates Noodles & Company's commitment to attracting top talent and aligning executive interests with those of shareholders.
Noodles & Company (NDLS) reported its Q2 2024 financial results, showing mixed performance. Total revenue increased 1.8% to $127.4 million, with system-wide comparable restaurant sales up 2.0%. However, the company posted a net loss of $13.6 million, or $0.30 loss per diluted share, compared to a $1.3 million loss in Q2 2023. Restaurant contribution margin improved to 15.5%, and Adjusted EBITDA rose to $9.2 million. The company opened five new restaurants and refranchised six.
Despite challenging consumer conditions, CEO Drew Madsen highlighted progress on strategic priorities and improved operations. However, Noodles & Company revised its 2024 guidance, projecting total revenue of $495-505 million and -2% to flat comparable restaurant sales growth.
Noodles & Company (NASDAQ: NDLS) has announced it will host a conference call on August 7, 2024, at 4:30 p.m. ET to discuss its second quarter 2024 financial results. The call will be hosted by Drew Madsen, CEO, and Mike Hynes, CFO. A press release detailing the financial results will be issued after market close on the same day. Interested parties can access the live conference call through a registration link, and it's recommended to join 10 minutes before the start time. The call will also be webcast live on the company's investor relations website, with an archive available shortly after the call concludes.
Noodles & Company is celebrating National Mac & Cheese Day throughout July with the return of Macapalooza, featuring a new -time Mac & Cheese Mashup menu and exclusive rewards for Noodles Rewards members.
Starting July 1, members can enjoy a $1 Side Mac with purchases of $15 or more. The new Mac & Cheese Mashup menu, available online only, includes combinations like 4-Cheese Alfredo Mac, Cheesy Broccoli Mac, Crispy Jalapeno Mac, and Korean Meatball Mac & Cheese, with prices starting under $9.
On July 14, National Mac & Cheese Day, members can get items from the Mashup menu for just $5. Rewards members can also earn double points on Mac & Cheese purchases throughout July. New members signing up can receive a free regular entree after their first purchase.
The Goodness Guarantee ensures guests can exchange their dish if they are not satisfied. For more details, visit Noodles.com.
Noodles & Company (NASDAQ: NDLS) has appointed Scott Davis as Chief Concept Officer, effective June 19, 2024. Davis previously served as Chief Concept Officer at Panera Bread and President and Chief Concept Officer at CoreLife Eatery. His contributions at Panera included developing key innovations that bolstered lunch and dinner traffic, and he led culinary development, restaurant design, and sustainability efforts. At CoreLife Eatery, he played a important role in the brand's growth and innovation. Davis's extensive experience is expected to drive Noodles & Company's menu innovation and sustained, profitable growth.
Noodles & Company (NDLS) has appointed Britain Peakes to its Board of Directors, effective June 10, 2024.
Ms. Peakes, a seasoned finance and investment professional, currently serves at Hoak & Co. and brings extensive experience in private and public markets, including real estate, private equity, and public equity sectors.
This appointment is part of a Support Agreement with Hoak Public Equities, which owns about 9.48% of Noodles & Company's outstanding shares. The Agreement includes customary standstill, voting, and confidentiality commitments.
Ms. Peakes expressed her enthusiasm for contributing to the company's strategic growth, while Jeff Jones, Chairman of the Board, highlighted her finance and strategic acumen as valuable assets.
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