Noodles & Co. (NDLS) reported $123.79 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 2%. EPS of -$0.20 for the same period compares to -$0.13 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $123.63 million, representing a surprise of +0.13%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being -$0.10.While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

Noodles & Company, Inc. (NASDAQ:NDLS) Q1 2025 Earnings Conference Call May 7, 2025 4:30 PM ET Operator Good afternoon and welcome to today's Noodles & Company's First Quarter 2025 Earnings Conference Call. All participants are now in a listen only mode. After the presenters remarks, there will be a question and answer session. As a reminder, this call is being recorded. I would now like to introduce Noodles & Company's Chief Financial Officer, Mike Hynes. Michael Hynes Company Participants Michael Hynes - C ...

Noodles & Co. (NDLS) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this restaurant chain would post a loss of $0.13 per share when it actually produced a loss of $0.15, delivering a surprise of -15.38%.Over the last four quarters, the company has s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 April 1, 2025 or For the transition period from to Commission File Number: 001 ...

Noodles & Company (NDLS) Q1 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 Good afternoon and welcome to today's Noodles and Company's First Quarter twenty twenty five Earnings Conference Call. All participants are now in a listen only mode. After the presenters' remarks, there will be a question and answer session. As a reminder, this call is being recorded. I would now like to introduce Noodles and Company's Chief Financial Officer, Mike Hines. Speaker1 Thank you and good afternoon everyone. Welcome ...

Noodles & Company Announces First Quarter 2025 Financial Results Broomfield, Colo., May 7, 2025 (GLOBE NEWSWIRE) - Noodles & Company (Nasdaq: NDLS) today announced financial results for its first quarter ended April 1, 2025. Key highlights for the first quarter of 2025 versus the first quarter of 2024 include: Drew Madsen, Chief Executive Officer of Noodles & Company, remarked, "We are very pleased with the strong comparable restaurant sales and traffic performance we achieved during the first quarter despi ...

BROOMFIELD, Colo., May 07, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for its first quarter ended April 1, 2025. Key highlights for the first quarter of 2025 versus the first quarter of 2024 include: Restaurant contribution margin and adjusted EBITDA are non-GAAP measures. Reconciliations of operating income (loss) to restaurant contribution margin and net loss to adjusted EBITDA are included in the accompanying financial data. See "Non-GAAP Financial Measure ...

BROOMFIELD, Colo., April 17, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced that it will host a conference call to discuss its first quarter 2025 financial results on Wednesday, May 7, 2025 at 4:30 p.m. ET. Drew Madsen, Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call. A press release with first quarter 2025 financial results will be issued after the market close that same day. The conference call can be accessed live over the phone by dialing 2 ...

Core Insights - Noodles & Company is launching a 14-day promotional event called the Taste Tour, starting April 12, 2025, featuring exclusive offers for Noodles Rewards members [1][4] - The promotion includes daily deals on new and classic menu items, with a focus on bold flavors and upgraded dishes [1][4][5] Promotions and Offers - The Taste Tour begins with a $5 offer on Creamy Cheddar Mac & Cheese, followed by various exclusive deals for Noodles Rewards members over the 14 days [4][6] - New members can join the Noodles Rewards program for free to access daily offers, while existing members can opt for SMS notifications for updates [2][6] Membership Benefits - Noodles Rewards members earn points on orders, redeemable for menu items, and enjoy additional perks such as surprise offers and birthday rewards [7] - The program aims to enhance customer loyalty and engagement through exclusive promotions and a refreshed menu experience [3][7] Company Background - Noodles & Company has been serving globally inspired noodle dishes since 1995, with over 460 locations [8] - The company has received multiple accolades for its commitment to diversity, employee satisfaction, and customer loyalty programs [8]

Financial Performance - Comparable restaurant sales experienced a decline in 2023, contributing to an increased loss from operations[55] - Total revenue for the year ended January 2, 2024, was $503.4 million, a decrease of 1.3% from $509.5 million in the previous year[243] - The company reported a net loss of $9.9 million for the year ended January 2, 2024, compared to a net loss of $3.3 million in the previous year[243] - The company’s total stockholders' equity decreased to $27.2 million as of January 2, 2024, down from $38.4 million a year earlier[239] - Noodles & Company reported a net loss of $9.856 million for the fiscal year ending January 2, 2024, compared to a net loss of $3.314 million in the previous year[249] - The company generated $27.495 million in net cash provided by operating activities, a significant increase from $9.557 million in the prior year[249] Operational Challenges - The company anticipates that economic conditions, including higher inflation and elevated interest rates, may reduce customer demand and increase operational costs[56] - The company faces significant competition from various segments of the restaurant industry, which may adversely affect its market position[60] - The company relies on consumer discretionary spending, and negative economic conditions could lead to decreased consumer confidence and spending[57] - The company faces challenges in recruiting and retaining qualified employees, which could impact financial performance and operational efficiency[84] - Labor turnover was high in 2022 due to the COVID-19 pandemic and competitive labor market, but turnover levels have improved since mid-2022[84] Cost Management - In 2022, the company implemented a temporary chicken-price surcharge of $1.00 due to inflationary pressures on food costs[58] - Menu price increases in 2022 and Q1 2023 were made in response to rising food and labor costs, which negatively affected guest traffic[70] - The company expects inflationary pressures to continue affecting its results in the near future, particularly in food, labor, and energy costs[232] - The company’s profitability is affected by its ability to manage food and supply costs, which can fluctuate due to various external factors[109] - The company plans to adjust menu pricing to manage commodity cost increases, although multiple price hikes may negatively impact customer behavior[231] Strategic Initiatives - The company’s operational strategies aim to improve restaurant revenue and profitability, but there is a risk of not achieving these goals[51] - The company is enhancing its operating model and researching a new prototype for smaller restaurants focused on off-premise dining opportunities[77] - The company introduced a product recommendation engine and digital menu boards in 2023, leveraging machine learning and customer data for strategic pricing[95] - The company has entered into temporary formula pricing contracts for chicken purchases to mitigate exposure to commodity market fluctuations[110] Franchise Operations - The company relies on effective management of its franchise system, as underperformance by franchisees could adversely affect overall business performance[89] - Franchisees' new unit growth is hindered by high financing costs and inflation, affecting their ability to develop new restaurants[90] - In 2023, the company opened 18 company-owned restaurants and closed 6, while franchisees closed 3 restaurants without opening any new ones, expecting an annual unit growth rate of approximately 1-3% in the coming years[74] - The company anticipates a decrease in new restaurant openings from 18 in 2023 to 10-12 in 2024 due to lower-than-expected returns on investment and increased construction costs[76] Financial Position - The company has 44,989,714 outstanding shares of Class A common stock as of January 2, 2024, with approximately 3,500,591 shares issuable upon the exercise of stock options and vesting of restricted stock units[140] - Long-term debt rose to $80.2 million as of January 2, 2024, compared to $46.1 million in the previous year[239] - The company's credit facility has a variable interest rate that has increased due to amendments made in 2023, resulting in higher borrowing costs[142] - As of January 2, 2024, the Company had $82.2 million of indebtedness and $3.0 million of letters of credit outstanding[305] Marketing and Competition - The company’s marketing efforts may not yield the desired results, especially against competitors with greater marketing resources[63] - Digital orders accounted for over 50% of total revenue throughout 2022 and 2023, with a 37% growth in the catering business from 2022 to 2023[107] - The company’s digital business expansion is uncertain, as changing consumer preferences may affect the sustainability of growth in this area[107] Regulatory and Compliance Risks - Regulatory compliance is critical, as difficulties in obtaining necessary licenses and permits could delay restaurant openings[120] - The company faces risks related to compliance with immigration laws, which could increase operational costs and affect employee availability[125] - The company may incur costs related to compliance with nutritional disclosure laws, which could impact menu offerings and consumer demand[129] - The company has faced challenges in maintaining effective internal controls over financial reporting, which could impact investor confidence[119] Shareholder Actions - The Company announced a share repurchase program of up to $5.0 million, repurchasing 1,731,952 shares at an average price of $2.86 per share during Q3 2023[332] - The 2023 Stock Incentive Plan was adopted, allowing for the grant of approximately 3.4 million share-based awards, with most awards vesting over four years[333]