Noodles & Co Q4 net income $1.0M, revenue +18.9%; comp sales +10.2%

NOODLES & Co

Q4 2022 revenue $136.5M (+18.9% YoY); net income $1.0M ($0.02 EPS) vs net loss $4.7M ($0.10 loss) prior year.
Company-owned comparable restaurant sales +10.2%; system-wide comp +8.7%.
Q4 operating margin improved to 1.3% from -3.8%; restaurant contribution margin +280 bps to 15.2%.
FY 2022 revenue $509.5M (+7.2%); net loss $3.3M ($0.07 loss) vs net income $3.7M ($0.08) in FY 2021.
Opened 16 company-owned and 3 franchised restaurants in 2022; provided 2023 business outlook.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NOODLES & Co reported fourth quarter and fiscal year ended January 3, 2023 results: revenue $136.5 million, net income $1.0 million, EPS $0.02 per diluted share. Guidance initiated.

Period: fourth quarter and fiscal year ended January 3, 2023
Revenue: $136.5 million
Net income: $1.0 million
EPS: $0.02 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

3, 2023, and provided a 2023 business outlook. Key highlights for the fourth quarter of 2022 compared to the same quarter of 2021 in clude: • Total rev enue increased 18.9% to $136.5 million from $114.8 million. • Comparable restaurant sales increased 10.2% for company-owned restaurants, 1.3% for franchise restaurants and 8.7% system-wide. • Net income was $1.0

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4 earnings releases filed in the last 30 days. Browse all earnings releases →

NOODLES & Co filing history →

Source: SEC EDGAR

accession 0001275158-23-000011

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