earnings
confidence high
sentiment negative
materiality 0.75
Noodles & Company Q2 net income falls to $1.3M; amends credit facility to $125M
NOODLES & Co
2022-Q2 EPS reported
-$0.11
revenue$243,629,000
- Total revenue $131.1M (+4.3% YoY); comp sales +5.1% system-wide.
- Net income $1.3M ($0.03 diluted EPS) vs $5.7M ($0.12) YoY; operating margin 1.4% vs 4.9%.
- Adjusted EBITDA $11.2M, down $2.6M YoY; adjusted EPS $0.05 vs $0.13.
- Credit facility increased to $125M; term loan eliminated; SOFR+1.50%-2.50% margin.
- Three new company-owned restaurants opened; record AUV $1.42M (+18.3% vs Q2 2019).