secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001275158-24-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Noodles & Co Q2 net loss deepens to $13.6M; revenue up 1.8% to $127.4M
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- Net loss of $13.6M ($0.30 loss per diluted share) vs $1.3M loss ($0.03) a year ago.
- Comparable restaurant sales up 2.0% system-wide: company-owned +1.3%, franchise +4.7%.
- Operating margin fell to (9.0)% from (0.2)%; restaurant contribution margin improved to 15.5% from 14.8%.
- Adjusted EBITDA of $9.2M (incl $10.9M non-cash impairment) vs $8.5M prior year.
- Refranchised six company-owned restaurants to a new franchise partner during Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000083/0001275158-24-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000083/ndls-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001275158-24-000083

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