secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001275158-23-000086
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515823000086/0001275158-23-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515823000086/ndls-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001275158-23-000086

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