NDLS

Noodles & Company Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024
Depreciation, Restaurant, Marketing, NDLS, EST, Growth, Table, Loss, Sale, Adjustment, AUV, Noodles & Company, Capital expenditure, GAAP, Comparable, COVID-19, Webcast, Public expenditure, Capital, Bank statement

BROOMFIELD, Colo., March 07, 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 Points: 
  • BROOMFIELD, Colo., March 07, 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 impact of the 53rd week in the fourth quarter of 2022, total revenue decreased $3.1 million in the fourth quarter of 2023, or 2.4%.
  • Noodles & Company will host a conference call to discuss its fourth quarter and fiscal year 2023 financial results on Thursday, March 7, 2024 at 4:30 p.m. EST.

Noodles & Company Announces Appointment of Drew Madsen as CEO

Retrieved on: 
Thursday, March 7, 2024
NDLS, Bread, Culture, Noodles & Company, Growth, Noodle, Management

BROOMFIELD, Colo., March 07, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced that the Board has appointed Drew Madsen to serve as permanent Chief Executive Officer effective March 6, 2024.

Key Points: 
  • BROOMFIELD, Colo., March 07, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced that the Board has appointed Drew Madsen to serve as permanent Chief Executive Officer effective March 6, 2024.
  • “On behalf of the entire board, we are thrilled Drew will be leading Noodles as CEO.
  • As interim CEO, Drew quickly assessed our most important opportunities and has aligned the organization around five strategic priorities that are focused on driving traffic growth.
  • As permanent CEO, he provides the business continuity necessary to execute on these priorities through 2024 and beyond,” said Jeff Jones, Noodles & Company Board Chairman.

Noodles & Company to Announce Fourth Quarter and Full Year 2023 Results on March 7, 2024

Retrieved on: 
Tuesday, February 20, 2024
NDLS, Interim, Noodles & Company, Webcast

BROOMFIELD, Colo., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced that it will host a conference call to discuss its fourth quarter and full year 2023 financial results on Thursday, March 7, 2024 at 4:30 p.m.

Key Points: 
  • BROOMFIELD, Colo., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced that it will host a conference call to discuss its fourth quarter and full year 2023 financial results on Thursday, March 7, 2024 at 4:30 p.m.
  • Drew Madsen, Interim Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call.
  • A press release with fourth quarter and full year 2023 financial results will be issued after the market close that same day.
  • The conference call will also be webcast live from the Company’s corporate website at investor.noodles.com under the “Events & Presentations” page.

Noodles & Company Franchise Partner, Little Deep Pasta, Opens New Restaurant in Williston, North Dakota

Retrieved on: 
Wednesday, February 21, 2024
NDLS, Chicken parmesan, Noodles & Company, Pasta, Environment, Fast food

BROOMFIELD, Colo., Feb. 21, 2024 /PRNewswire/ -- Noodles & Company, (NASDAQ: NDLS) the national fast-casual chain known for its globally inspired noodle bowls, best-in-class service, and value-centric culture opened a new location in Williston, North Dakota today which is owned and operated by its franchise partner, Little Deep Pasta, a subsidiary of restaurant management company Cultivate Solutions. This new restaurant is the sixteenth Noodles restaurant owned by Little Deep Pasta throughout the North Dakota, Minnesota, South Dakota, Montana, and Nebraska regions.

Key Points: 
  • Little Deep Pasta's Sixteenth Noodles & Company Location Opens in Williston, North Dakota on February 21
    BROOMFIELD, Colo., Feb. 21, 2024 /PRNewswire/ -- Noodles & Company , (NASDAQ: NDLS) the national fast-casual chain known for its globally inspired noodle bowls, best-in-class service, and value-centric culture opened a new location in Williston, North Dakota today which is owned and operated by its franchise partner, Little Deep Pasta, a subsidiary of restaurant management company Cultivate Solutions.
  • This new restaurant is the sixteenth Noodles restaurant owned by Little Deep Pasta throughout the North Dakota, Minnesota, South Dakota, Montana, and Nebraska regions.
  • "We are delighted to continue growing our franchise portfolio with Noodles & Company and bringing Noodles' globally inspired dishes and flavors to Williston," said Dustin Jensen, chief operating officer of Little Deep Pasta.
  • We aim to make Noodles & Company a staple restaurant of the Williston community and look forward to welcoming new and familiar guests to our restaurant."

Noodles & Company Announces CEO Transition

Retrieved on: 
Friday, November 10, 2023
Darden Restaurants, Interim, Pope & Talbot, Inc., NDLS, Noodles & Company, Growth, Management, Food delivery, Panera Bread, Noodle

Drew Madsen is appointed Interim CEO effective immediately; is a Board Director at Noodles, and a seasoned leader with deep experience in the restaurant industry

Key Points: 
  • Drew Madsen is appointed Interim CEO effective immediately; is a Board Director at Noodles, and a seasoned leader with deep experience in the restaurant industry
    BROOMFIELD, Colo., Nov. 10, 2023 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS), today announced that the Board has appointed Noodles Board member Drew Madsen to serve as interim CEO effective immediately.
  • Madsen’s appointment follows the decision by the Board to transition to new leadership, resulting in Dave Boennighausen’s departure as the Company's CEO.
  • Jeff Jones, Noodles & Company Board Chairman, commented on the interim CEO appointment, stating, "We are very excited to have Drew step into the interim CEO role and remain on our Board.
  • He led the Noodles team and navigated the Company through a period of rapid change and market disruption, including during the pandemic.

New Markets and Award Recognitions Position the Noodles & Company Franchise for Momentum in 2024

Retrieved on: 
Tuesday, November 28, 2023
Statista, American City Business Journals, Organization, Noodle, Culture, Uncommon Goods, Map, Movement, Franchise Times, NDLS, Growth, Publication, QSR, Workplace, Noodles & Company, Restaurant, Fast food

BROOMFIELD, Colo., Nov. 28, 2023 /PRNewswire/ -- Noodles & Company, (NASDAQ: NDLS) the national fast-casual chain known for its globally inspired noodle bowls, best-in-class service, and values-centric culture, entered new franchise markets and achieved high accolades in 2023 with honors from top publications including Forbes, Denver Business Journal, and Franchise Times. Noodles' franchise growth and award achievements demonstrate how the franchise continues to be an enticing opportunity for experienced multi-unit, multi-concept operators.

Key Points: 
  • Noodles' franchise growth and award achievements demonstrate how the franchise continues to be an enticing opportunity for experienced multi-unit, multi-concept operators.
  • "Furthermore, the accolades and milestones we reached this year position Noodles as an attractive opportunity for franchise investment."
  • In terms of top franchise focused awards, Franchise Times ranked Noodles & Company #157 in its annual Top 400 list.
  • Building on the momentum of its latest franchise agreements, the fast-casual Noodles brand continues to expand throughout the U.S.

Noodles & Company Announces Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
AUV, Noodles & Company, Restaurant, Food, History, Public expenditure, NDLS, EBITDA, Share repurchase, GAAP, Financial Instruments and Exchange Act, Bank statement, Comparable, Growth, EPS, Webcast, Depreciation, Capital expenditure, Traction, Hand, External commercial borrowing, Intervention AUV, General Administration of Sport of China, Table, Capital, Video game, Security (finance), Bookkeeping, Pharmaceutical industry, Fast food, Beauty salon, Car rental, Risk management, Cryptocurrency, Adjustment, Chicken parmesan

BROOMFIELD, Colo., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for its third quarter ended October 3, 2023.

Key Points: 
  • BROOMFIELD, Colo., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for its third quarter ended October 3, 2023.
  • Restaurant contribution margin increased to 16.4% in the third quarter of 2023, compared to 14.4% in the third quarter of 2022.
  • Based upon management’s current assessment following third quarter results, the Company has revised guidance related to its 2023 performance.
  • Noodles & Company will host a conference call to discuss its third quarter financial results on Tuesday, November 7, 2023 at 4:30 PM Eastern Time.

Noodles & Company to Announce Third Quarter 2023 Results on November 7, 2023

Retrieved on: 
Tuesday, October 17, 2023
NDLS, Webcast, Noodles & Company

BROOMFIELD, Colo., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced that it will host a conference call to discuss its third quarter 2023 financial results on Tuesday, November 7, 2023 at 4:30 p.m.

Key Points: 
  • BROOMFIELD, Colo., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced that it will host a conference call to discuss its third quarter 2023 financial results on Tuesday, November 7, 2023 at 4:30 p.m.
  • A press release with third quarter 2023 financial results will be issued after the market close that same day.
  • To access the conference call live, please click on the registration link here to receive your personal dial-in and passcode.
  • The conference call will also be webcast live from the Company’s corporate website at investor.noodles.com under the “Events & Presentations” page.

Noodles & Company to Enter Two New Markets with Multi-Unit Franchise Deals in Texas and Arkansas

Retrieved on: 
Tuesday, August 15, 2023
Agreement, Burger Kings, NDLS, Noodles & Company, Lead, Rockwell, Uncommon Goods, Peter Sandhu, Popeyes, Restaurant, Box, Pavane, Navi, Fast food, Noodle

BROOMFIELD, Colo., Aug. 15, 2023 /PRNewswire/ -- Noodles & Company, (NASDAQ: NDLS) the national fast-casual chain known for its globally inspired noodle bowls, best-in-class service, and values-centric culture welcomes two new franchise partners to its network—a result of its strategic plans to expand in the southern United States. Among this class of franchisees is business owner, Paven Sandhu, and her husband and business partner, Navi Sandhu, who signed an agreement to open four new restaurants in Northwest Arkansas. Meanwhile, in Texas, seasoned restauranteur Syed Ahmad signed an agreement to bring 20 Noodles & Company restaurants to the Dallas market. 

Key Points: 
  • Meanwhile, in Texas, seasoned restauranteur Syed Ahmad signed an agreement to bring 20 Noodles & Company restaurants to the Dallas market.
  • "We are thrilled to partner with the Sandhus and Syed Ahmad to establish a significant and strategic Noodles presence in Northwest Arkansas and Dallas," said John Ramsay, vice president of franchise development at Noodles & Company.
  • "This is a huge step for our franchise efforts at Noodles & Company and we're confident our new partners and their management teams will successfully lead and grow the brand in these markets."
  • We look forward to Noodles & Company entering these markets, along with welcoming Paven, Navi and Syed to the Noodles family.

Noodles & Company Announces Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023
External commercial borrowing, Capital expenditure, Restaurant, NDLS, Table, Share repurchase, Comparable, Bank statement, Noodles & Company, General Administration of Sport of China, AUV, GAAP, Chicken parmesan, Deleveraging, Public expenditure, EBITDA, Traction, Depreciation, Mount Boennighausen, Intervention AUV, Capital, Webcast, Growth, EPS, Adjustment, Hand, Environment, Total, Mobile phone, Video game, Cryptocurrency, Lithium, Bookkeeping, Fast food, Security (finance), Car rental, Risk management

BROOMFIELD, Colo., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for its second quarter ended July 4, 2023.

Key Points: 
  • BROOMFIELD, Colo., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for its second quarter ended July 4, 2023.
  • Key highlights for the second quarter of 2023 versus the second quarter of 2022 include:
    Total revenue decreased 4.5% to $125.2 million from $131.1 million in the second quarter of 2022.
  • Operating margin declined to (0.2)% in the second quarter of 2023 from 1.4% in the second quarter of 2022.
  • Noodles & Company will host a conference call to discuss its second quarter financial results on Wednesday, August 9, 2023 at 4:30 PM Eastern Time.