{"schema_version":"secwatch.filing_event.v1","accession":"0001275158-24-000005","form_type":"8-K","ticker":"NDLS","cik":"0001275158","company_name":"NOODLES & Co","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.650121+00:00","generated_at":"2026-06-05T01:12:22.228636+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Noodles & Company reports Q4 net loss of $6.1M, appoints Drew Madsen as permanent CEO","bullets":["Q4 total revenue decreased 8.9% to $124.3M; comparable restaurant sales down 4.2% system-wide.","Net loss of $6.1M ($0.14 per diluted share) vs. net income of $1.0M in prior-year quarter.","Full year 2023 net loss widened to $9.9M ($0.21 per diluted share) from $3.3M in 2022.","Drew Madsen appointed permanent CEO effective March 6, 2024; $800K base salary plus equity awards.","2024 strategic priorities: drive traffic via operational excellence, menu, digital, catering, financial position."],"urls":{"canonical":"https://secwatch.observer/filing/0001275158-24-000005","json":"https://secwatch.observer/filing/0001275158-24-000005.json","markdown":"https://secwatch.observer/filing/0001275158-24-000005.md","text":"https://secwatch.observer/filing/0001275158-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1275158/000127515824000005/0001275158-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1275158/000127515824000005/ndls-20240306.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:12:22.228636+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"059489e1faadf2a9db6ebb355230d24cab66ead9","claim":"NOODLES & Co reported fiscal quarter and fiscal year ended January 2, 2024 results: revenue $124.3 million, net income $6.1 million, EPS $0.14 loss per diluted share.","evidence_excerpt":"a 2024 business outlook. Key highlights for the fourth quarter of 2023 (13 weeks) compared to the fourth quarter of 2022 (14 weeks) in clude: • Total revenue decreased 8.9% to $124.3 million from $136.5 million. Adjusting for the impact of the 53rd week in the fourth quarter of 2022, total revenue decreased $3.1 million in the fourth quarter of 2023, or 2.4%. •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1275158/000127515824000005/0001275158-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter and fiscal year ended January 2, 2024"},{"label":"Revenue","value":"$124.3 million"},{"label":"Net income","value":"$6.1 million"},{"label":"EPS","value":"$0.14 loss per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"96f75f416c3c041c599cc1cc15652a42e0859e9d","claim":"NOODLES & Co reported fiscal year ended January 2, 2024 results: revenue $503.4 million, net income $9.9 million, EPS $0.21 loss per diluted share.","evidence_excerpt":"closed in the fourth quarter of 2023. Key highlights for fiscal year 2023 (52 weeks) compared to fiscal year 2022 (53 weeks) include: • Total revenue decreased 1.2% to $503.4 million from $509.5 million. Adjusting for the impact of the 53 rd week in 2022, total revenue increased $3.0 million in 2023, or 0.6%. • Comparable restaurant sales decreased 1.9%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1275158/000127515824000005/0001275158-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended January 2, 2024"},{"label":"Revenue","value":"$503.4 million"},{"label":"Net income","value":"$9.9 million"},{"label":"EPS","value":"$0.21 loss per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fbed3533ee","claim":"Drew Madsen was appointed as Chief Executive Officer at NOODLES & Co.","evidence_excerpt":"Effective March 6, 2024, the Board of Directors (the “Board”) of the Company appointed Drew Madsen, 67, as the Company’s Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1275158/000127515824000005/0001275158-24-000005-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}