Noodles & Co Stock Price, News & Analysis

Noodles & Company (NDLS) reported a 3.4% revenue increase to $129.4 million for Q3 2022, driven by strong comparable restaurant sales growth of 2.1%. However, net income fell to $0.8 million ($0.02 per share), down from $4.7 million ($0.10 per share) in Q3 2021. Operating margin decreased to 1.2% from 4.3%, affected by rising costs. Despite challenges, the company expects Q4 revenue between $133.5 million and $136.5 million, reaffirming plans for 5% unit growth and $30 million to $33 million in capex for 2022.

Noodles & Company has launched Impossible™ Chicken, a plant-based protein, now available nationwide across its menu. Following successful market tests, two new dishes feature Impossible Chicken: Impossible Orange Chicken Lo Mein and LEANguini Rosa with Impossible Chicken. The dishes cater to various dietary preferences and promote healthier eating. Impossible Chicken offers 12 grams of protein with less fat compared to animal chicken. The company emphasizes quality and customer satisfaction, introducing a Goodness Guarantee for its new menu items.

Noodles & Company (NASDAQ: NDLS) will hold a conference call on November 3, 2022, at 4:30 p.m. ET to discuss its third quarter 2022 financial results. Hosting the call will be CEO Dave Boennighausen and CFO Carl Lukach. A press release detailing the financial results will be issued after market close that day. Interested parties can join the call via a registration link for personal dial-in details or listen live on the corporate website under the Events & Presentations section. An archive of the call will be available shortly after its conclusion.

Noodles & Company (NDLS) reported a 4.3% increase in total revenue to $131.1 million for Q2 2022, driven by a 5.1% rise in system-wide comparable restaurant sales. Average unit volumes reached a record $1.42 million, up 5.3% year-over-year and 18.3% from Q2 2019. However, net income fell to $1.3 million, or $0.03 per diluted share, down from $5.7 million in Q2 2021. Operating margin declined to 1.4% due to increased inflation costs, and adjusted EBITDA decreased by 19% to $11.2 million. The company plans to open 21-23 new locations in 2022 and has reaffirmed long-term growth targets.

Noodles & Company announces the launch of the 7 Delicious $7 Dishes menu, offering high-quality, made-to-order noodle dishes starting at $7. Available nationwide, the menu includes favorites like Wisconsin Mac & Cheese and Japanese Pan Noodles, designed to provide value amidst rising inflation. Guests, especially Noodles Rewards members, can benefit from exclusive offers, including unlimited free delivery in August. This initiative aims to enhance customer satisfaction by combining quality and affordability, reinforcing Noodles & Company's commitment to delivering 'Uncommon Goodness.'

Noodles & Company (NASDAQ: NDLS) has announced a conference call to discuss its second quarter 2022 financial results on July 27, 2022, at 4:30 p.m. ET. CEO Dave Boennighausen and CFO Carl Lukach will be hosting the call, which follows a press release detailing the company's financial performance that will be issued after the market closes on the same day. Interested parties can register for the call or access a live webcast on the company’s investor relations website.

Noodles & Company (NASDAQ: NDLS) is celebrating National Mac & Cheese Day on July 14 by offering a free small bowl of Wisconsin Mac & Cheese to all Noodles Rewards members with a purchase of a regular entrée. Additionally, every bowl of Mac & Cheese ordered on this day will come with a complimentary side of cheese sauce, marking it as National Mac & Cheese & Cheese Day. With over 450 restaurants, Noodles serves nearly 13 million bowls of its signature dish annually, making it a fan favorite.

Noodles & Company (NASDAQ: NDLS) will host a virtual fireside chat during the Jefferies Consumer Conference, with a webcast available from June 20, 2022. Interested participants can access it via the Noodles & Company website under the 'Investor Relations' tab. Additionally, the company will meet with institutional investors in person on June 22, 2022.

Known for its diverse noodle offerings and commitment to workplace diversity, Noodles & Company has over 450 locations and was recognized as one of America's Best Employers for Diversity in 2021.