---
schema_version: "secwatch.filing_event.v1"
accession: "0001275158-23-000086"
form_type: "8-K"
ticker: "NDLS"
cik: "0001275158"
company_name: "NOODLES & Co"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:32:53.228466+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001275158-23-000086
- form_type: 8-K
- ticker: NDLS
- cik: 0001275158
- company_name: NOODLES & Co
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1275158/000127515823000086/0001275158-23-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000086/ndls-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275158-23-000086
- JSON: https://secwatch.observer/filing/0001275158-23-000086.json
- Plain text: https://secwatch.observer/filing/0001275158-23-000086.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275158/000127515823000086/0001275158-23-000086-index.htm

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