For the quarter ended December 2023, Noodles & Co. (NDLS) reported revenue of $124.32 million, down 8.9% over the same period last year. EPS came in at -$0.07, compared to $0.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $124.95 million, representing a surprise of -0.50%. The company delivered an EPS surprise of -600.00%, with the consensus EPS estimate being -$0.01.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 2, 2024 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: 001-35987 NOODLES & COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IR ...

Noodles & Company (NDLS) is scheduled to release fourth-quarter 2023 results on Mar 7. In the last reported quarter, the company reported earnings per share (EPS) of 4 cents, beating the Zacks Consensus Estimate of breakeven earnings.How Are Estimates Placed?The Zacks Consensus Estimate for fourth-quarter loss per share is pegged at 1 cent. In the prior-year quarter, NDLS reported EPS of 3 cents.For revenues, the consensus mark is pegged at $125 million. The metric suggests a decline of 8.4% from the year-a ...

Exhibit Noodles & Company Announces Fourth Quarter and Full Year 2023 Financial Results BROOMFIELD, Colo., March 7, 2024 (GLOBE NEWSWIRE) - Noodles & Company (Nasdaq: NDLS) today announced financial results for the fourth quarter and fiscal year ended January 2, 2024, and provided a 2024 business outlook. Key highlights for the fourth quarter of 2023 (13 weeks) compared to the fourth quarter of 2022 (14 weeks) include: • Total revenue decreased 8.9% to $124.3 million from $136.5 million. Adjusting for the i ...

Wall Street analysts expect Noodles & Co. (NDLS) to post quarterly loss of $0.01 per share in its upcoming report, which indicates a year-over-year decline of 133.3%. Revenues are expected to be $124.95 million, down 8.4% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is es ...

Financial Data and Key Metrics - Adjusted EBITDA for Q3 2023 was $11.7 million, nearly 20% above Q3 2022, driven by a 200 basis point improvement in restaurant-level margin to 16.4% [6] - Total revenue decreased 1.2% YoY to $127.9 million in Q3 2023, with system-wide comparable restaurant sales declining 3.7% [7] - Company average unit volumes in Q3 were $1.34 million, with comparable traffic declining 6.7% and pricing at 3.9% [15] - Full-year 2023 revenue guidance is $502 million to $506 million, with negative low-single digit comparable restaurant sales [19] - Full-year adjusted EBITDA guidance is $36 million to $40 million, with Q4 adjusted EBITDA expected between $8 million and $12 million [20] Business Line Performance - Catering grew 35% YoY in Q3, with significant potential for further expansion [14] - Digital menu boards have been installed in over 75% of company restaurants, with full rollout expected by year-end [10] - NoodlesREWARDS program reached 5 million members, contributing to a 45% increase in the likelihood of digital guests adding recommended items and a 1% lift in average check on digital platforms [11] Market Performance - Chicken Parmesan, introduced in Q3, has consistently been one of the top 3 selling dishes, with a 33% increase in rewards program sign-ups during its exclusive pre-launch period [12] - The dish appeals primarily to younger and lower-income cohorts, with a 30% higher index in trade areas with younger, lower-income demographics [28] Strategic Initiatives and Industry Competition - Five key initiatives to drive sales: price optimization, technology platform advancements, leveraging Chicken Parmesan, menu optimization with third-party consulting, and catering program expansion [8] - Price optimization efforts include testing pricing strategies and partnering with third-party research firms to understand pricing elasticity [9] - Menu optimization with The Culinary Edge focuses on menu architecture, offerings, and culinary operations, with tests expected to broaden and implement in early 2024 [33] Management Commentary on Operating Environment and Future Outlook - Management is encouraged by Q3 margin expansion and EBITDA growth, despite a challenging Q2 [7] - The company expects low-single digit food deflation for 2023, led by chicken, which is contracted for the full year [16] - Labor costs moderated in Q3, with hourly wage inflation at 5.5% YoY, down to 3.9% in September [17] - The company is focused on transforming the menu and pricing structure to optimize long-term performance [40] Other Important Information - The company retired 1.7 million shares at an average price of $2.86 per share in Q3, completing a $5 million share repurchase authorization [21] - Four new restaurants were opened in Q3, with a total of 20 expected for the full year, representing 5% gross unit growth in company-owned restaurants [21] Q&A Session Summary Question: Learnings from past pricing strategies and future optimization [25] - The company acknowledged being too aggressive with pricing in 2022 and early 2023 but sees opportunities for more surgical pricing strategies, including trade area tiering and menu item-specific pricing [26] Question: Trends among different income cohorts [27] - Chicken Parmesan has shown strong appeal among younger, lower-income demographics, with a 30% higher index in those trade areas [28] Question: Q4 guidance and comparisons to last year [30] - Q4 2022 had strong same-store sales growth above 10%, making comparisons challenging, but the company is seeing acceleration in 2-year same-store sales growth [31] Question: Menu optimization timing and balancing complexity [32] - Menu optimization with The Culinary Edge is ongoing, with tests expected to broaden and implement in early 2024, focusing on menu architecture, offerings, and culinary operations [33] Question: Chicken Parmesan sales mix [34] - Chicken Parmesan is the third highest-selling item, with top taste scores, though specific mix percentages are not disclosed [35] Question: Digital menu board rollout and impact [37] - Digital menu boards are at 85% rollout, with tests on pricing strategies already underway, and broader implementation expected in early 2024 [38] Question: Value perception and traffic recovery [39] - The company believes that transforming the menu and pricing structure will be key to improving traffic and value perception over time [40] Question: 2024 COGS and commodity inflation expectations [41] - The company is in the process of locking in 2024 prices, with initial conversations on chicken pricing showing positive progress [42][43] Question: 2024 development pipeline [44] - 2024 growth is expected to be similar to 2023, with franchise growth potentially playing a larger role, and signed leases already in place for the pipeline [45]

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 October 3, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

Noodles & Company (NASDAQ:NDLS) Q2 2023 Results Conference Call August 9, 2023 4:30 PM ET Company Participants Dave Boenninghausen - CEO Mike Hynes - CFO Conference Call Participants Joshua Long - Stephens Jake Bartlett - Truist Securities Andrew Barish - Jefferies Operator Good afternoon and welcome to today’s Noodles & Company's Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded. I would now like to introduce Noodles & Company's Chief Financia ...

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 July 4, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Noodles & Company (NASDAQ:NDLS) Q1 2023 Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants Carl Lukach - CFO Dave Boennighausen - CEO Conference Call Participants Joshua Long - Stevens Inc. Andrew Barish - Jefferies Todd Brooks - The Benchmark Company Jake Bartlett - Truist Securities Operator Good afternoon and welcome to today’s Noodles & Company's First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded. I would now like to introdu ...