---
schema_version: "secwatch.filing_event.v1"
accession: "0001275158-23-000011"
form_type: "8-K"
ticker: "NDLS"
cik: "0001275158"
company_name: "NOODLES & Co"
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:15:07.308478+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001275158-23-000011
- form_type: 8-K
- ticker: NDLS
- cik: 0001275158
- company_name: NOODLES & Co
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000011/0001275158-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000011/ndls-20230308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275158-23-000011
- JSON: https://secwatch.observer/filing/0001275158-23-000011.json
- Plain text: https://secwatch.observer/filing/0001275158-23-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000011/0001275158-23-000011-index.htm

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