---
schema_version: "secwatch.filing_event.v1"
accession: "0001275158-22-000004"
form_type: "8-K"
ticker: "NDLS"
cik: "0001275158"
company_name: "NOODLES & Co"
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:20:07.352250+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Noodles & Co FY2021 revenue $475.2M (+20.7%), net income $3.7M vs loss $23.3M; AUV +11.3% vs 2019

## Summary
- Full year 2021 total revenue $475.2M, up 20.7% YoY; comparable restaurant sales +22.1% system-wide.
- Net income $3.7M ($0.08 diluted EPS) vs net loss $23.3M ($0.53 loss) in 2020; adjusted net income $7.8M ($0.17).
- Company AUV $1.30M, up 22.2% vs 2020 and 11.3% vs 2019; digital sales 56.6% of total revenue.
- Adjusted EBITDA $38.1M (+232.5% YoY); restaurant contribution margin improved 400 bps to 15.9%.
- Reiterates 2022 unit growth target of 8% and 10% annually thereafter.

## SEC filing metadata
- accession: 0001275158-22-000004
- form_type: 8-K
- ticker: NDLS
- cik: 0001275158
- company_name: NOODLES & Co
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275158/000127515822000004/0001275158-22-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275158/000127515822000004/ndls-20220223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275158-22-000004
- JSON: https://secwatch.observer/filing/0001275158-22-000004.json
- Plain text: https://secwatch.observer/filing/0001275158-22-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.