Noodles & Company Q1 2024 revenue down 3.7% to $121.4M; net loss widens to $6.1M

NOODLES & Co

2024-Q1 EPS reported -$0.14 revenue$121,395,000

Total revenue $121.4M, -3.7% YoY; comparable restaurant sales -5.4% system-wide.
Net loss $6.1M ($0.14 loss per diluted share) vs net loss $3.1M ($0.07) in Q1 2023.
Operating margin -3.4% vs -1.8%; restaurant contribution margin 13.1% vs 13.7%.
Opened 2 company-owned and 1 franchise restaurant in Q1 2024.

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 first quarter ended April 2, 2024 results: revenue $121.4 million, net income $6.1 million loss, EPS $0.14 loss per diluted share.

Period: first quarter ended April 2, 2024
Revenue: $121.4 million
Net income: $6.1 million loss
EPS: $0.14 loss per diluted share
Result: reported results

Exact text from the filing

results for its first quarter ended April 2, 2024. Key highlights for the first quarter of 2024 versus the first quarter of 2023 include: • Total revenue decreased 3.7% to $121.4 million from $126.1 million in the first quarter of 2023. • Comparable r estaurant sales decreased 5.4% system-wide, comprised of a 5.7% decrease at company-owned restaurants and a 4.5%

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Source: SEC EDGAR

accession 0001275158-24-000040

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