Noodles & Company Q3 2021: Revenue up 18.1% to $125.1M; net income $4.7M

NOODLES & Co

2021-Q3 EPS reported $0.18 revenue$360,352,000

System-wide comparable restaurant sales increased 16.3% YoY; company-owned +15.3%, franchise +21.0%.
Record company average unit volumes of $1.38M, up 16.0% vs Q3 2020 and 15.9% vs Q3 2019.
Net income of $4.7M ($0.10 diluted EPS) vs net loss of $0.1M ($0.00) a year ago.
Adjusted EBITDA rose to $13.2M from $7.7M; adjusted net income $0.12 diluted EPS.
Restaurant contribution margin improved to 18.1% from 15.4%; net debt reduced to $19.1M.

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