Noodles & Co Stock Price, News & Analysis

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.

Noodles & Company (NDLS) reported a 2.7% increase in total revenue to $112.6 million for Q1 2022, driven by a 6.4% growth in comparable restaurant sales. Company average unit volumes experienced a significant rise, reaching $1.35 million in March. However, net loss widened to $6.4 million, resulting in a loss of $0.14 per diluted share. Operating margin fell to (5.4)%, primarily due to inflationary costs. Looking ahead, the company expects Q2 revenue between $130 million and $133 million and plans approximately 35 new restaurant openings in 2022.

Noodles & Company (NASDAQ: NDLS) will host a conference call on April 27, 2022, at 4:30 p.m. ET to discuss its Q1 2022 financial results. CEO Dave Boennighausen and CFO Carl Lukach will lead the discussion. A press release detailing financial results will be available after market close on the same day. The live call can be accessed via phone or webcast, with a replay available until May 5, 2022.

Noodles & Company operates over 450 restaurants and has received accolades for its workplace culture and diversity initiatives.

Noodles & Company has launched Impossible™ Panko Chicken, a new plant-based protein option available in select cities, including Colorado, Oregon, and Washington. This offering will be featured in the Impossible™ Orange Chicken Lo Mein dish and can be added to any menu item. The product boasts 13g of protein, 0mg cholesterol, and 2g of saturated fat per serving, made without antibiotics or hormones. This addition follows the positive reception of other health-conscious options like LEANguini and aims to cater to plant-based diets, promoting environmental benefits through reduced land and water use.

Noodles & Company (NASDAQ: NDLS) celebrates International Women's Day on March 8, 2022, by offering a free shareable for Noodles Rewards members. This initiative aims to connect and recognize women in their lives across 450+ locations in the U.S. The company boasts significant leadership representation, with 54% women in operations and 50% in executive roles, exceeding national averages. Noodles promotes a diverse environment with an industry-leading benefits program supporting women, including enhanced parental leave and financial assistance for adoption and surrogacy.

Noodles & Company (NDLS) reported a 20.7% revenue increase for FY 2021, totaling $475.2 million, driven by a 22.1% rise in comparable restaurant sales. Q4 revenue grew 7.1% to $114.8 million, with company average unit volumes reaching $1.31 million. Net income was $3.7 million, a significant turnaround from a $23.3 million loss in 2020. The company projects 8% unit growth in 2022 and 10% annually thereafter, with a revised AUV target of $1.5 million by 2024. Challenges noted include impacts from the Delta variant and staff shortages, but management remains confident in growth potential.

Noodles & Company (NASDAQ: NDLS) has launched two new salads—Asian Apple Citrus Salad with Chicken and Mexican Street Corn Salad with Chicken—across all 450 locations after successful testing last summer. This addition complements existing salads and caters to diverse dietary preferences. The company promotes a Goodness Guarantee, allowing customers to replace any dish if not satisfied. Noodles also offers a rewards program with incentives for trying the new salads. The initiative reflects the brand's commitment to innovation and customer satisfaction.