secwatch.observer — SEC 8-K summary
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Issuer:     NOODLES & Co (NDLS)
CIK:        0001275158
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001275158-24-000097
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000097/0001275158-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275158/000127515824000097/ndls-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001275158-24-000097

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