secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001275158-22-000082
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515822000082/0001275158-22-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515822000082/ndls-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001275158-22-000082

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