Noodles & Company Q2 revenue falls 4.5% to $125.2M; net loss $1.3M vs year-ago profit

NOODLES & Co

2023-Q2 EPS reported -$0.10 revenue$251,231,000

Comparable restaurant sales down 5.5% system-wide: company-owned -5.9%, franchise -3.4%.
Net loss of $1.3M ($0.03 loss per diluted share) vs net income of $1.3M ($0.03 EPS) a year ago.
Adjusted EBITDA fell to $9.3M from $11.2M; operating margin turned negative at (0.2)%.
Restaurant contribution margin declined to 14.8% from 15.5%; six new company-owned stores opened.
Board authorized a share repurchase program (amount not disclosed in the release).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NOODLES & Co reported second quarter ended July 4, 2023 results: revenue $125.2 million, net income Net loss was $1.3 million, EPS $0.03 loss per diluted share.

Period: second quarter ended July 4, 2023
Revenue: $125.2 million
Net income: Net loss was $1.3 million
EPS: $0.03 loss per diluted share
Result: reported results

Exact text from the filing

results for its second quarter ended July 4, 2023. Key highlights for the second quarter of 2023 versus the second quarter of 2022 include: • Total revenue decreased 4.5% to $125.2 million from $131.1 million in the second quarter of 2022. • Comparable r estaurant sales decreased 5.5% system-wide, comprised of a 5.9% decrease at company-owned restaurants and a 3.4%

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Source: SEC EDGAR

accession 0001275158-23-000086

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