secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001275158-23-000090
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515823000090/0001275158-23-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515823000090/ndls-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001275158-23-000090

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