Noodles & Company Q4 net loss $9.7M; FY net loss expands to $36.2M

NOODLES & Co

Q4 revenue $121.8M (-2.0% YoY); net loss $9.7M ($0.21 per share) vs loss $6.1M ($0.14) prior year.
FY revenue $493.3M (-2.0%); net loss $36.2M ($0.80 per share) vs loss $9.9M ($0.21) prior year.
Comparable restaurant sales: Q4 system-wide +0.8%, company +0.5%, franchise +1.9%; FY -1.5% system-wide.
Restaurant count 463; 10 company-owned opened, 13 closed; 3 franchise opened, 7 closed; sold 6 to franchisee.
Restaurant contribution margin: Q4 11.2% vs 14.7% prior year; FY 13.2% vs 14.9%.

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