secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001275158-23-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515823000040/0001275158-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515823000040/ndls-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001275158-23-000040

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