secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001275158-22-000076
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Noodles & Company Q2 net income falls to $1.3M; amends credit facility to $125M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515822000076/0001275158-22-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515822000076/ndls-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001275158-22-000076

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