Getting smaller isn't always a bad thing. Even really successful brands need to close stores in some situations due to population shifts, rent increases, or other operating changes. That's something Amazon's account firm, Archamedia Accountants, stressed to IFAMagazine. “It is important to recognise that despite the many store closures in recent times, retail is not dying, but evolving. Therefore, it is essential that businesses constantly adapt and react to the market. Store closures themselves don’t a ...

What Happened? Shares of casual restaurant chain Noodles & Company (NASDAQ:NDLS) jumped 6.7% in the morning session after the company reported third-quarter 2025 results that beat Wall Street's expectations for revenue and profitability. While total revenue was flat year-on-year at $122.1 million, this figure surpassed analysts' forecasts. A key positive was a 4% increase in same-store sales, marking a significant turnaround from the prior year's decline. The company also delivered an adjusted EBITDA of $ ...

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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________________________________ FORM 10-Q _____________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 decreased by 0.5% year-over-year to $122.1 million [15] - Comparable sales grew by 4% in Q3, with an increase of 8% in October [5][16] - Average check increased by 4.6%, including a 2% effective pricing during the quarter [16] - Net loss for Q3 was $9.2 million, or a loss of $0.20 per diluted share, compared to a net loss of $6.8 million, or a loss of $0.15 per diluted share last year [18] - Adjusted EBITDA improved by $1.6 million, or approximately 33%, to $6.5 million [11][18] Business Line Data and Key Metrics Changes - Digital sales channel saw a meaningful year-over-year improvement, driven largely by third-party delivery, which increased by 12% [6] - Restaurant contribution margins improved by 40 basis points to 13.2% from 12.8% in Q3 2024 [16][18] - COGS as a percentage of sales was 25.7%, a 20 basis point increase from last year [17] Market Data and Key Metrics Changes - Company comp traffic decreased slightly by 0.6% in Q3, but was positive in the second half of the quarter [16] - Year-over-year traffic was positive over 1.5% quarter-to-date, extending a positive traffic trend that began midway through Q3 [9] Company Strategy and Development Direction - The company is focusing on closing underperforming restaurants to improve overall sales leverage and enhance profitability [10][20] - The introduction of the Delicious Duos platform is aimed at providing value while maintaining brand equity and profitability [7] - The company is executing a comprehensive cost-savings plan expected to deliver over $5 million in savings across its P&L in 2025 [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the path ahead, citing strong sales trends and the success of recent initiatives [4][6] - The company anticipates continued strength in sales and margins, particularly as it laps over a period of heavy promotions and discounts from the previous year [9][21] - Management is optimistic about the impact of restaurant closures on future profitability, expecting a positive contribution of over $2 million in 2026 [20][21] Other Important Information - The board of directors has initiated a review of strategic alternatives to explore ways to maximize shareholder value [15] - The company plans to introduce new menu items, including a collaboration with a popular candy bar, in December [13] Q&A Session Summary Question: Can you discuss the success of the Delicious Duos and its impact on value perception? - Management noted that Delicious Duos filled a value void and is mixing around 4-5% across restaurants, with positive value scores from guests [23][24] Question: How does the company account for organic traffic versus sales transfer from closed stores? - Management indicated that closures have contributed about a 1% lift in sales, with positive traffic outside of sales transfer [25] Question: What are the learnings from the Ramen limited-time offer (LTO)? - Management is encouraged by the trial and repeat business from the Ramen LTO and sees potential for it to be a permanent menu item [26][27]

Exhibit 99.1 Noodles & Company Announces Third Quarter 2025 Financial Results Broomfield, Colo., November 5, 2025 (GLOBE NEWSWIRE) - Noodles & Company (Nasdaq: NDLS) today announced financial results for its third quarter ended September 30, 2025. Key highlights for the third quarter of 2025 versus the third quarter of 2024 include: Joe Christina, Chief Executive Officer of Noodles & Company, remarked, "I am very pleased with our recent sales trends, with comparable sales up 4% in the third quarter, which s ...

Core Insights - Noodles & Company reported a 4% increase in comparable restaurant sales for Q3 2025, outperforming the fast casual benchmark, with October sales accelerating to an 8% increase [3][6] - The company experienced a net loss of $9.2 million in Q3 2025, compared to a net loss of $6.8 million in Q3 2024, largely due to $5.3 million in pre-tax restaurant impairments [6][24] - Adjusted EBITDA rose by 32.7% to $6.5 million in Q3 2025, up from $4.9 million in the same quarter of the previous year [6][26] Financial Performance - Total revenue for Q3 2025 decreased by 0.5% to $122.1 million from $122.8 million in Q3 2024 [6][21] - Restaurant contribution margin improved to 13.2% in Q3 2025 from 12.8% in Q3 2024, indicating better restaurant-level productivity [6][36] - Operating margin was reported at (5.2)% for Q3 2025, compared to (3.9)% in Q3 2024 [6][21] Liquidity and Debt - As of September 30, 2025, the company had cash and cash equivalents of $4.7 million and outstanding debt of $109.8 million [4] - The available amount for future borrowings under its revolving credit facility was $12.2 million [4] Business Outlook - The company revised its guidance for fiscal year 2025, expecting total revenue between $492 million and $495 million, with comparable restaurant sales growth projected at 3.6% to 4.2% [7] - The company plans to close 31 to 34 company-owned restaurants and 7 to 8 franchise restaurants, while opening two new company-owned locations [7] Strategic Review - On September 3, 2025, the Board of Directors initiated a review of strategic alternatives to maximize stockholder value, which may include refinancing, refranchising, or selling parts of the business [8]

Core Viewpoint - Noodles & Company will host a conference call to discuss its third quarter 2025 financial results on November 5, 2025, at 4:30 p.m. ET [1] Group 1: Conference Call Details - The call will be hosted by CEO Joe Christina and CFO Mike Hynes [1] - A press release with the financial results will be issued after market close on the same day [1] - The conference call can be accessed live by dialing 201-389-0920, with a replay available until November 19, 2025 [2] Group 2: Webcast Information - The conference call will also be webcast live on the company's corporate website under the "Events & Presentations" page [3] - An archive of the webcast will be available shortly after the call concludes [3] Group 3: Company Background - Noodles & Company has been in operation since 1995, focusing on a variety of noodle dishes [4] - The company operates over 400 restaurants and emphasizes a people-first culture [4] - Noodles & Company has received recognition from Newsweek and Forbes for its restaurant quality and employee satisfaction [4]

Group 1: The Taco Spot - The Taco Spot is expanding nationwide with 22 locations currently open and 19 more in development, driven by a strong demand from its 1.5 million social media followers [3] Group 2: Rock N' Roll Sushi - Rock N' Roll Sushi has opened four new locations across Arizona, Alabama, Arkansas, and Tennessee, continuing its rapid growth as the nation's 1 sushi franchise [7] Group 3: Newk's Eatery - Newk's Eatery celebrated the grand opening of its first location in Statesboro on September 10, offering free cake for the first 50 guests and double rewards points for members [9] Group 4: Layne's Chicken Fingers - Layne's Chicken Fingers has been recognized on Nation's Restaurant News' 2025 100 Under 100 list, with 30 locations and 11 new restaurants opened this year, plus over 60 more in development [11] Group 5: Urban Bird Hot Chicken - Urban Bird Hot Chicken opened its first location in San Antonio on September 3, 2025, as part of its rapid expansion across Texas, focusing on bold flavors and a people-first dining experience [13] Group 6: Rita's Italian Ice & Frozen Custard - Indianapolis Colts linebacker Zaire Franklin has opened his first Rita's location in McCordsville, Indiana, with plans for two additional locations, emphasizing community ties and entrepreneurial vision [15] Group 7: Noodles & Company - Noodles & Company has initiated a review of strategic alternatives to maximize shareholder value, considering options such as refinancing, refranchising, or potential sale transactions [17] Group 8: Twin Hospitality Group - Twin Hospitality Group has appointed Ken Brendemihl as President of Smokey Bones and is optimizing the brand's portfolio through unit conversions, closures of underperforming locations, and new franchising opportunities [19]

Core Insights - Noodles & Company has initiated a review of strategic alternatives to maximize shareholder value, which may include refinancing, refranchising, or selling parts of the business [1][2][3] - The company reported a positive comparable restaurant sales performance of 4.5% in August, attributed to its menu transformation initiatives [2] Strategic Review - The Board of Directors is exploring various strategic options without a set deadline for completion, indicating that no specific outcome is guaranteed [2] - Piper Sandler has been retained as the financial advisor to assist in the strategic review process [3] Business Performance - The company emphasizes its focus on optimizing its menu transformation and enhancing its value proposition through initiatives like the Delicious Duos platform, which starts at $9.95 [2][5] - Noodles & Company operates approximately 450 restaurants and employs around 7,000 team members, highlighting its scale and commitment to customer satisfaction [5]