secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001275158-22-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515822000004/0001275158-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515822000004/ndls-20220223.htm
  HTML page:      https://secwatch.observer/filing/0001275158-22-000004

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