secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001275158-22-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Noodles & Co Q1 net loss widens to $6.4M; revenue up 2.7% to $112.6M
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- Net loss of $6.4M ($0.14 per diluted share) vs $2.0M loss in Q1 2021; adjusted net loss $5.8M ($0.13).
- Total revenue $112.6M (+2.7% YoY); system-wide comp sales +6.4% (company +5.3%, franchise +11.9%).
- Company AUV $1.25M (+6.8% YoY), accelerated to $1.35M in March; restaurant contribution margin 9.7% vs 13.6%.
- Opened 5 company-owned and 2 franchise restaurants in Q1; temporary closures and refranchising reduced revenue by ~$7M.
- Cost of goods sold inflation added ~300 bps pressure; operating margin (5.4)%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515822000043/0001275158-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515822000043/ndls-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001275158-22-000043

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