secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0001275158-21-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515821000115/0001275158-21-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515821000115/ndls-20211027.htm
  HTML page:      https://secwatch.observer/filing/0001275158-21-000115

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