---
schema_version: "secwatch.filing_event.v1"
accession: "0001275158-23-000040"
form_type: "8-K"
ticker: "NDLS"
cik: "0001275158"
company_name: "NOODLES & Co"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T05:56:56.486848+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Noodles & Company Q1 revenue up 12% to $126.1M; net loss narrows to $3.1M

## Summary
- Total revenue $126.1M (+12.0% YoY); company comp sales +6.9%; franchise comps +4.1%.
- Net loss $3.1M ($0.07 loss per diluted share) vs $6.4M loss in Q1 2022; adjusted net loss $2.3M.
- Adjusted EBITDA $7.0M, up $4.8M YoY; restaurant contribution margin 13.7% vs 9.7%.
- Operating margin improved 360 bps to (1.8)%; three new company-owned restaurants opened.
- Company AUV $1.34M (+7.5% vs Q1 2022).

## SEC filing metadata
- accession: 0001275158-23-000040
- form_type: 8-K
- ticker: NDLS
- cik: 0001275158
- company_name: NOODLES & Co
- filed_at: 2023-05-10T23:59:59+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/1275158/000127515823000040/0001275158-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000040/ndls-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275158-23-000040
- JSON: https://secwatch.observer/filing/0001275158-23-000040.json
- Plain text: https://secwatch.observer/filing/0001275158-23-000040.txt

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