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) announces the return of Holiday CrispiDays, featuring four -edition festive flavors throughout December 2024. Each week introduces a new specialty Crispy treat: S'mores Crispy (12/2-12/8), Cinnamon Crunch Crispy (12/9-12/15), Chocolate Peppermint Crispy (12/16-12/22), and Cake Batter Crispy (12/23-12/29).
Customers spending $15 or more can get a Crispy for $1 using code CRISPIDAYS. The promotion includes special offers for Noodles Rewards members, including a free regular entree for new members after their first purchase.
Noodles & Company (NASDAQ: NDLS) has launched its first-ever online merchandise store, featuring exclusive holiday-themed items including winter sweaters, branded onesies, and pet bandanas. The -edition collection, available through December 31, includes stylish sneakers with the company's signature colors, festive branded onesies, and cozy holiday sweaters. A special Black Friday through Cyber Monday promotion offers 50% off on the -edition onesies with no minimum purchase required. The company is also promoting its Noodles Rewards program, offering new members a free regular entree after their first purchase and access to exclusive offers.
Noodles & Company (NASDAQ: NDLS) has launched its first-ever online merchandise store for the holiday season, featuring exclusive items available through December 31. The collection includes -edition winter essentials such as branded sneakers, festive onesies, holiday sweaters, and pet bandanas.
A special Black Friday through Cyber Monday promotion offers 50% off the -edition Noodles onesie with no minimum purchase required. The company is also promoting its Noodles Rewards program, which offers new members a free regular entree after their first purchase, along with ongoing rewards and access to the Extra Goodness platform.
Noodles & Company (NASDAQ: NDLS) announced that its Board of Directors has granted an equity inducement award to Steve Kennedy upon his appointment as Executive Vice President, Marketing. The award, consisting of 50,000 time-based RSUs, was granted outside the Company's 2023 Stock Incentive Plan and approved in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs will vest in four equal annual installments, with one-fourth vesting on each anniversary of Kennedy's start date, contingent upon his continued employment.
Noodles & Company (NASDAQ: NDLS) is launching a new specialty Mac & Cheese menu in select markets across Colorado, Ohio, and Illinois. Building on their Wisconsin Mac & Cheese success, which sold over 10 million bowls in 2023, the company introduces three new variations: Buffalo Chicken Ranch, Garlic Bacon Ranch, and Pulled Pork BBQ Mac & Cheese. The company is also testing new items including Chicken Riggie, Green Goddess Salad, and Cajun Alfredo. All new dishes come with the company's Goodness Guarantee, allowing customers to exchange their meal if not satisfied.
Noodles & Company (NDLS) reported declining financial results for Q3 2024. Total revenue decreased 4.0% to $122.8 million, with system-wide comparable restaurant sales falling 3.3%. The company posted a net loss of $6.8 million ($0.15 loss per share), compared to net income of $0.7 million in Q3 2023. Operating margin declined to -3.9%, and restaurant contribution margin decreased to 12.8%. Adjusted EBITDA fell to $4.9 million from $10.9 million year-over-year. The company opened three new company-owned restaurants and one franchise location during the quarter. Management revised down their 2024 guidance, citing challenging consumer environment and declining delivery sales.
Noodles & Company (NASDAQ: NDLS) has appointed Stephen Kennedy as Executive Vice President of Marketing, effective November 18, 2024. Kennedy brings over two decades of experience, including significant roles at Bounteous, Nestle USA, and Domino's. At Domino's, he was instrumental in driving record sales growth through successful product launches and the Piece of the Pie Rewards program. At Nestle USA, he led Marketing Enablement initiatives, improving media ROI and e-commerce performance. CEO Drew Madsen highlighted Kennedy's expertise in digital innovation and customer engagement as key factors in strengthening brand relevance and driving profitable growth.
Noodles & Company (NASDAQ: NDLS) has announced that it will host a conference call to discuss its third quarter 2024 financial results on Wednesday, November 6, 2024 at 4:30 p.m. ET. The call will be hosted by Drew Madsen, Chief Executive Officer, and Mike Hynes, Chief Financial Officer. A press release containing the financial results will be issued after the market close on the same day.
Interested parties can access the live conference call by registering through a provided link to receive personal dial-in information and a passcode. It is recommended to join 10 minutes before the event start time. Additionally, the conference call will be webcast live from the company's corporate website at investor.noodles.com under the "Events & Presentations" page. An archive of the webcast will be available on the website shortly after the call concludes.
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.