Noodles & Co Stock Price, News & Analysis

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.

Noodles & Company (NASDAQ: NDLS) has introduced LEANguini, a new proprietary noodle, available at over 450 locations nationwide, featuring 56% fewer net carbs and 44% more protein than traditional pasta. Accompanying this launch, the company is testing three new Asian-inspired broth bowls in select markets, including Colorado, Illinois, and Ohio. These menu innovations align with Noodles' commitment to freshness and health-focused options. The new offerings are designed to appeal to evolving consumer preferences, highlighting Noodles' strategic focus on menu innovation.

Noodles & Company (NASDAQ: NDLS) will participate in two upcoming spring conferences, hosting fireside chats in New York City. The first event is at the BMO Global Farm to Market Conference on May 18, 2022, at 1:15 pm ET, which will be webcast live on the company’s website. The second chat will occur at Piper Sandler’s The Year of the Restaurant Industry Summit on June 8, 2022, at 12:50 pm ET. Noodles & Company, known for its diverse noodle offerings, emphasizes its commitment to diversity and community engagement.

Noodles & Company (NASDAQ: NDLS) has launched its new brand positioning, Uncommon Goodness, to enhance guest experiences and team member benefits. This initiative reflects the company’s commitment to quality ingredients and community impact. Key highlights include the introduction of LEANguini, a low-carb, high-protein noodle, exclusively for Noodles Rewards members until May 18, 2022. Additionally, new team member benefits aimed at promoting diversity and inclusion were announced, including financial support for immigration and mental health initiatives.