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Noodles & Company filings document the public-company records of a fast-casual restaurant operator with company-owned and franchised locations. Form 8-K reports furnish quarterly and annual operating results, comparable restaurant sales, restaurant contribution margin, adjusted EBITDA and business outlook disclosures, while also recording material events affecting securities and listing status.
Proxy materials and related filings cover stockholder voting matters, board governance, director elections, executive compensation and amendments to the company’s charter. The filing record also documents Class A common stock matters, including the approved 1-for-8 reverse stock split, related certificate amendment, and subsequent Nasdaq minimum-bid-price compliance disclosure.
NOODLES & COMPANY reports that Nantahala Capital Management, LLC and its principals beneficially own 553,746 shares of Class A Common Stock, representing 9.46% of the class as of March 31, 2026. The filing states the shares are held by funds and separately managed accounts under Nantahala's control and that Wilmot B. Harkey and Daniel Mack, as managing members, may be deemed beneficial owners of the same position.
The Schedule 13G/A amendment classifies the filers as an investment adviser/control persons and discloses that voting and dispositive power over the 553,746 shares is shared among the reporting persons.
Noodles & Company reported the results of its annual meeting of stockholders held on May 13, 2026. As of the March 18, 2026 record date, 5,888,223 shares of Class A common stock were outstanding and entitled to vote, with no Class B shares outstanding.
Shareholders re-elected Joseph Christina and elected Thomas Lynch as Class I directors. They also approved, on an advisory non-binding basis, the compensation of named executive officers and ratified Grant Thornton LLP as independent registered public accounting firm for the year ending December 29, 2026.
Noodles & Company narrowed its quarterly loss as stronger restaurant performance offset a smaller store base. Total revenue was $123.8 million, essentially flat year over year, but net loss improved to $3.4 million from $9.1 million, or $0.58 per share after a 1-for-8 reverse stock split.
System-wide comparable restaurant sales rose 9.1%, and average unit volumes increased 13.5% to $1.49 million, helped by menu innovation and closures of underperforming locations. Restaurant contribution margin expanded to 14.9% from 10.3%, and adjusted EBITDA rose to $7.7 million. The company closed 20 company-owned restaurants, ended the quarter with 400 locations, and carried $106.8 million of debt against $1.4 million of cash while remaining in compliance with credit covenants and continuing a strategic review of alternatives.
Noodles & Company narrowed its quarterly loss as stronger restaurant performance offset a smaller store base. Total revenue was $123.8 million, essentially flat year over year, but net loss improved to $3.4 million from $9.1 million, or $0.58 per share after a 1-for-8 reverse stock split.
System-wide comparable restaurant sales rose 9.1%, and average unit volumes increased 13.5% to $1.49 million, helped by menu innovation and closures of underperforming locations. Restaurant contribution margin expanded to 14.9% from 10.3%, and adjusted EBITDA rose to $7.7 million. The company closed 20 company-owned restaurants, ended the quarter with 400 locations, and carried $106.8 million of debt against $1.4 million of cash while remaining in compliance with credit covenants and continuing a strategic review of alternatives.
Noodles & Company reported first quarter 2026 results showing stronger operations but continued losses. Total revenue was steady at $123.8 million, while system-wide comparable restaurant sales rose 9.1%, including 9.4% growth at company-owned restaurants and 8.0% at franchise locations.
Net loss narrowed to $3.4 million, or $0.58 per diluted share, compared with a $9.1 million loss, or $1.58 per share, a year earlier. Operating margin improved to (0.7)% from (5.2)%, restaurant contribution margin increased to 14.9%, and adjusted EBITDA rose to $7.7 million, up 218%.
As of March 31, 2026, the company had $1.4 million in cash, $106.8 million of outstanding debt, and $15.2 million available under its revolver. Management raised full-year 2026 guidance for revenue, restaurant-level margins, and adjusted EBITDA and noted that the previously announced strategic alternatives review remains in process.
Noodles & Company reported first quarter 2026 results showing stronger operations but continued losses. Total revenue was steady at $123.8 million, while system-wide comparable restaurant sales rose 9.1%, including 9.4% growth at company-owned restaurants and 8.0% at franchise locations.
Net loss narrowed to $3.4 million, or $0.58 per diluted share, compared with a $9.1 million loss, or $1.58 per share, a year earlier. Operating margin improved to (0.7)% from (5.2)%, restaurant contribution margin increased to 14.9%, and adjusted EBITDA rose to $7.7 million, up 218%.
As of March 31, 2026, the company had $1.4 million in cash, $106.8 million of outstanding debt, and $15.2 million available under its revolver. Management raised full-year 2026 guidance for revenue, restaurant-level margins, and adjusted EBITDA and noted that the previously announced strategic alternatives review remains in process.
Noodles & Company is asking stockholders to vote at the May 13, 2026 annual meeting on three items: electing two Class I directors for three-year terms, an advisory vote on executive pay, and ratifying Grant Thornton LLP as auditor for 2026.
The company recently completed a 1‑for‑8 reverse stock split effective February 18, 2026 and reports 5,888,223 Class A shares outstanding as of the March 18, 2026 record date. System‑wide comparable restaurant sales rose 4.1% in fiscal 2025, supported by a major menu upgrade and new value offerings.
CEO Joseph Christina, appointed in August 2025, receives a $550,000 base salary, a target bonus equal to 100% of salary, and time‑based RSU grants, while other named executives receive a mix of salary, annual cash bonuses tied mainly to Adjusted EBITDA, and long‑term RSU/PSU awards based on ambitious stock‑price goals.
Noodles & Company reported upcoming changes to its Board of Directors. On March 24, 2026, directors Robert Hartnett and Mary Egan, both Class I members, notified the board they will not stand for re-election at the 2026 Annual Meeting of Stockholders and will serve until that meeting. The company stated their decisions were not due to any disagreement with management, the board, or the company’s operations, policies, or practices. In connection with these voluntary departures, the board voted to reduce its size from nine members to seven effective as of the Annual Meeting, which it believes better matches the company’s current size and complexity. To rebalance the three board classes, the board nominated Mr. Lynch to be elected as a Class I director at the Annual Meeting and he agreed to resign as a Class III director if elected.
Noodles & Company reported fourth quarter and full year 2025 results and issued a 2026 outlook. Fourth quarter 2025 revenue was $122.8 million, up modestly from $121.8 million, with system-wide comparable restaurant sales up 6.6%. The quarter’s net loss narrowed to $6.8 million, or $1.16 per diluted share, while adjusted EBITDA rose to $7.6 million from $4.0 million. For 2025, revenue was $495.1 million with system-wide comparable sales up 4.1%, but net loss widened to $42.6 million and adjusted EBITDA slipped to $22.5 million. The company closed 33 company-owned restaurants and ended 2025 with 423 locations. As of December 30, 2025 it had $1.3 million in cash, $110.2 million in debt and a stockholders’ deficit of $45.3 million. For 2026, it targets revenue of $478–$493 million, comparable sales growth of 6–9% and adjusted EBITDA of $30–$35 million, alongside significant planned closures and lower capital spending. A 1-for-8 reverse stock split became effective on February 18, 2026.
NOODLES & Co executive handles tax withholding through share surrender
EVP - Technology Corey Kline surrendered 192 shares of Class A Common Stock on 2026-03-14 to cover required tax withholdings upon vesting of Restricted Stock Units. The shares were valued at $6.11 per share, based on the closing price that day.
After this tax-withholding disposition, Kline directly holds 10,536 shares of NOODLES & Co Class A Common Stock. This was not an open-market sale but a routine mechanism to satisfy tax obligations linked to equity compensation.