secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001275158-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Noodles & Company reports Q4 net loss of $6.1M, appoints Drew Madsen as permanent CEO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000005/0001275158-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000005/ndls-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001275158-24-000005

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