Noodles & Company Q3 revenue down 4% to $122.8M; net loss of $6.8M vs year-ago profit

NOODLES & Co

2024-Q3 EPS reported -$0.58 revenue$371,497,000

Total revenue $122.8M, -4.0% YoY; comparable restaurant sales -3.3% system-wide.
Net loss $6.8M ($0.15 loss per diluted share) vs net income $0.7M ($0.02 EPS) last year.
Operating margin -3.9% vs 1.6%; restaurant contribution margin 12.8% vs 16.4%.
Adjusted EBITDA $4.9M, down 55% from $10.9M in Q3 2023.
Opened 3 company-owned and 1 franchise restaurant; credit agreement amended post-quarter.

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