Noodles & Co Q3 revenue down 1.2% to $127.9M; comp sales -3.7%

NOODLES & Co

2023-Q3 EPS reported -$0.08 revenue$379,085,000

Total revenue $127.9M, down 1.2% YoY; system-wide comparable sales fell 3.7% (company-owned -4.3%, franchise -1.2%).
Net income $0.7M ($0.02 diluted EPS) flat vs prior year; adjusted net income $1.6M ($0.04 EPS) also flat.
Restaurant contribution margin improved to 16.4% from 14.4%; operating margin 1.6% vs 1.2%.
Adjusted EBITDA rose $1.9M to $11.7M; opened four new company-owned restaurants in Q3.

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 third quarter ended October 3, 2023 results: revenue $127.9 million, net income $0.7 million, EPS $0.02 per diluted share.

Period: third quarter ended October 3, 2023
Revenue: $127.9 million
Net income: $0.7 million
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

results for its third quarter ended October 3, 2023. Key highlights for the third quarter of 2023 versus the third quarter of 2022 include: • Total revenue decreased 1.2% to $127.9 million from $129.4 million in the third quarter of 2022. • Comparable r estaurant sales decreased 3.7% system-wide, comprised of a 4.3% decrease at company-owned restaurants and a 1.2%

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Source: SEC EDGAR

accession 0001275158-23-000090

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