secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001275158-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515823000011/0001275158-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515823000011/ndls-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001275158-23-000011

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