You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Noodles & Company, which has been struggling to turn itself around since its guest count started falling in 2023, is offering catering discounts for the holidays.  The fast-casual chain of around 450 restaurants based in Broomfield, Colo., is offering 25% discounts for the second catering pan ordered through November with the code PANS25. Additionally, from Nov. 18 through the end of the year it’s offering a 15% dis ...

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]

Core Insights - Noodles & Company is experiencing declining traffic attributed to a perceived erosion of value, prompting the company to offer significant discounts to loyalty program members from October 4 to October 6 [1][2] Promotions and Discounts - The chain is celebrating its 30th anniversary by offering classic dishes at 1990s-level discounts, with prices temporarily reduced to $4.95 for items that typically range from $7.25 to $10.25 [2] - The promotion is available to members of the Noodles Rewards loyalty program, which provides points for every dollar spent and includes a birthday reward, with new members receiving a free entrée after their first purchase of $10 or more [3] Leadership and Strategic Changes - Joe Christina has been appointed as CEO effective August 31, following the resignation of Drew Madsen, and he aims to honor the company's legacy while looking forward to new offerings [4] - Shortly after Christina's appointment, the company initiated a significant menu revamp and has been focusing on operational improvements, including staff training and technology upgrades [5] Financial and Compliance Issues - The company has reported a 2.5% decline in traffic, attributed to increased price sensitivity among customers, and has engaged Piper Sandler to explore future options, including a potential sale [5] - Noodles & Company is currently out of compliance with Nasdaq regulations due to its share price being below $1 for over 30 consecutive business days, marking the second instance of non-compliance within a year [6]

Core Insights - Noodles & Company reported a net loss of $17.6 million for Q2 2025, compared to a net loss of $13.6 million in Q2 2024, indicating a decline in profitability [5][21][26] - Comparable restaurant sales increased by 1.5% system-wide, with a 1.5% increase at company-owned restaurants and a 1.6% increase at franchise restaurants [5][24] - The company is optimistic about future growth under new CEO Joe Christina, who is expected to enhance the brand's value perception and drive sustainable growth [3] Financial Performance - Total revenue for Q2 2025 decreased by 0.7% to $126.4 million from $127.4 million in Q2 2024 [5][21] - Adjusted EBITDA for Q2 2025 was $6.0 million, down from $9.2 million in Q2 2024 [5][26] - Operating margin for Q2 2025 was -11.7%, compared to -9.0% in Q2 2024 [5][21] Liquidity and Debt - As of July 1, 2025, the company had available cash and cash equivalents of $2.3 million and outstanding debt of $108.3 million [4] - The amount available for future borrowings under its revolving credit facility was $13.7 million [4] Business Outlook - The company revised its guidance for fiscal year 2025, expecting total revenue between $487 million and $495 million, with comparable restaurant sales growth of 2.5% to 4.0% [6] - The company plans to open two new company-owned restaurants while closing 28 to 32 company-owned restaurants [6][7] Restaurant Activity - As of July 1, 2025, the company operated 364 company-owned restaurants, down from 369 at the end of Q1 2025 [23] - Franchise restaurants at the end of the period totaled 89, a decrease from 91 [23]

Core Viewpoint - Noodles & Company will host a conference call to discuss its second quarter 2025 financial results on August 6, 2025, at 4:30 p.m. ET [1] Group 1: Conference Call Details - The conference call can be accessed live by dialing 201-389-0920, with a replay available until August 13, 2025, by dialing 412-317-6671 using passcode 13754231 [2] - The conference call will also be webcast live on the company's corporate website under the "Events & Presentations" page, with an archive available shortly after the call [3] Group 2: Company Overview - Noodles & Company has been serving a variety of noodle dishes since 1995, with over 450 restaurants and 7,000 team members dedicated to providing quality food and service [4]

Core Insights - Noodles & Company reported a net loss of $9.1 million for Q1 2025, compared to a net loss of $6.1 million in Q1 2024, indicating a decline in profitability despite a slight increase in total revenue [6][21][22] - The company experienced a 2.0% increase in total revenue, reaching $123.8 million, driven by a 4.4% increase in comparable restaurant sales [6][21] - The CEO highlighted the positive impact of a newly reimagined menu and increased marketing efforts, which contributed to a 5% rise in comparable sales since its launch [3][6] Financial Performance - Total revenue increased from $121.4 million in Q1 2024 to $123.8 million in Q1 2025, marking a 2.0% growth [6][21] - Comparable restaurant sales rose by 4.4%, with company-owned restaurants seeing a 4.7% increase and franchise restaurants a 2.9% increase [6][21] - The adjusted EBITDA for Q1 2025 was $2.4 million, down from $5.5 million in Q1 2024 [6][21][27] Operational Metrics - The restaurant contribution margin decreased to 10.3% in Q1 2025 from 13.1% in Q1 2024, reflecting increased operating costs [6][36][39] - Operating margin for Q1 2025 was reported at (5.2)%, compared to (3.4)% in Q1 2024 [6][21] - The company opened one new company-owned restaurant during the quarter [6] Liquidity and Debt - As of April 1, 2025, the company had cash and cash equivalents of $1.4 million and outstanding debt of $102.7 million [4] - The available amount for future borrowings under its revolving credit facility was $19.3 million [4] Business Outlook - The company revised its guidance for 2025, expecting restaurant level contribution margins to be between 12.0% and 14.0%, down from a previous range of 12.5% to 14% [5][7] - The company anticipates general and administrative expenses to be between $49 million and $52 million, including stock-based compensation of approximately $3.7 million [7]

Core Viewpoint - Noodles & Company will host a conference call to discuss its first quarter 2025 financial results on May 7, 2025, at 4:30 p.m. ET [1] Group 1: Conference Call Details - The conference call can be accessed live by dialing 201-389-0920, with a replay available until May 21, 2025, by dialing 412-317-6671 using passcode 13752400 [2] - The conference call will also be webcast live on the company's corporate website under the "Events & Presentations" page, with an archive available shortly after the call [3] Group 2: Company Overview - Noodles & Company has been serving a variety of noodle dishes since 1995, with over 450 restaurants and 7,000 team members dedicated to providing quality food and service [4]