Noodles & Company reviews strategic alternatives including sale; August comp sales +4.5%

NOODLES & Co

Board initiates review to maximize shareholder value; options include refinancing, refranchising, or sale of all or part of the business.
CEO Joe Christina reports August comparable restaurant sales of +4.5% driven by Delicious Duos platform.
Piper Sandler retained as financial advisor to assist in the strategic review process.
No definitive timetable or assurance that any transaction will result from the review.

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