---
schema_version: "secwatch.filing_event.v1"
accession: "0001275158-22-000082"
form_type: "8-K"
ticker: "NDLS"
cik: "0001275158"
company_name: "NOODLES & Co"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:11:48.512642+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Noodles & Company Q3 revenue up 3.4% to $129.4M; EPS drops to $0.02 from $0.10

## Summary
- Total revenue $129.4M, +3.4% YoY; comparable company sales +3.4%, franchise -3.8%.
- Net income $0.8M ($0.02 diluted EPS) vs. $4.7M ($0.10) a year ago; adjusted net income $1.6M ($0.04).
- Restaurant contribution margin fell to 14.4% from 18.1%, with COGS up ~300 bps.
- Adjusted EBITDA $9.8M, down $3.4M from Q3 2021; 3 company and 1 franchise restaurant opened.
- October company comparable sales accelerated to 10.5%, signaling Q4 momentum.

## SEC filing metadata
- accession: 0001275158-22-000082
- form_type: 8-K
- ticker: NDLS
- cik: 0001275158
- company_name: NOODLES & Co
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275158/000127515822000082/0001275158-22-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275158/000127515822000082/ndls-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275158-22-000082
- JSON: https://secwatch.observer/filing/0001275158-22-000082.json
- Plain text: https://secwatch.observer/filing/0001275158-22-000082.txt

## Key facts
- Earnings Releases
  NOODLES & Co reported third quarter ended September 27, 2022 results: revenue $129.4 million, net income $0.8 million, EPS $0.02 per diluted share.
  - Period: third quarter ended September 27, 2022
  - Revenue: $129.4 million
  - Net income: $0.8 million
  - EPS: $0.02 per diluted share
  - Result: reported results
  source text: results for its third quarter ended September 27, 2022. Key highlights for the third quarter of 2022 versus the third quarter of 2021 include: • Total revenue increased 3.4% to $129.4 million from $125.1 million in the third quarter of 2021. • Comparable r estaurant sales increased 2.1% system-wide, comprised of a 3.4% increase at company-owned restaurants and a 3.8%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275158/000127515822000082/0001275158-22-000082-index.htm

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