Highest-materiality recent filing
Joseph Christina and Thomas Lynch elected as Class I directors with 3,141,179 and 3,087,706 votes for, respectively.
Noodles & Company Q1 comp sales up 9.1%; net loss narrows to $3.4M; raises FY outlook
Total revenue flat at $123.8M; system-wide comparable sales +9.1% (company-owned +9.4%, franchise +8.0%).
Two Noodles & Co. directors not standing for re-election; board to shrink from 9 to 7
Directors Robert Hartnett and Mary Egan will not stand for re-election at 2026 Annual Meeting, citing no disagreement with management.
Q4 total revenue $122.8M (+0.8% YoY); net loss $6.8M ($1.16 loss per share) vs $9.7M loss a year ago.
Noodles & Company regains Nasdaq minimum bid price compliance
Received Nasdaq deficiency notice June 24, 2025 for bid price below $1.00 per share.
Reverse stock split at 1:8 ratio; effective 12:01 a.m. ET on Feb 18, 2026.
Stockholders approved reverse split with 96%+ of votes cast in favor; board set ratio at 1-for-8.
Noodles & Company reports Q4 2025 preliminary comp sales +6.6%; plans 30-35 closures in 2026
System-wide comparable sales +6.6% (company-owned +7.3%, franchise +3.8%) in Q4 2025.
Noodles & Company faces Nasdaq delisting; will appeal, proposes reverse stock split
Received delisting determination on Dec 23, 2025 for failing to maintain $1.00 minimum bid price.
Noodles & Co approves change-in-control retention bonuses for execs; strategic review ongoing
Retention bonuses: CEO 100% base salary, CFO 75%, EVP Tech & CAO 50%, payable only upon Change in Control.
Noodles & Company Q3 net loss widens to $9.2M; comp sales up 4.0%
Total revenue $122.1M (-0.5% YoY); comparable restaurant sales +4.0% system-wide (company-owned +4.0%, franchise +4.3%).
Noodles & Company dismisses Ernst & Young, appoints Grant Thornton as auditor
Audit Committee approved dismissal of Ernst & Young as independent auditor on September 8, 2025.
Noodles & Company reviews strategic alternatives including sale; August comp sales +4.5%
Board initiates review to maximize shareholder value; options include refinancing, refranchising, or sale of all or part of the business.
Noodles & Co Q2 revenue down 0.7% to $126.4M; net loss widens to $17.6M
Net loss of $17.6M ($0.38 loss per diluted share) vs $13.6M loss ($0.30) in Q2 2024.
Noodles & Company names Joseph Christina as CEO; Drew Madsen steps down for medical reasons
Joseph Christina promoted from President/COO to President and CEO effective August 31, 2025; joins Board.
Noodles & Company flagged by Nasdaq for sub-$1.00 bid price; 180-day cure period
Received Nasdaq deficiency notice on June 24, 2025; bid price below $1.00 for 30 consecutive business days.
Noodles & Co. annual meeting re-elects three directors, fails simple majority proposal
Re-elected Class III directors Thomas Lynch, Elisa Schreiber, Britain Peakes with >96% of votes cast.
Noodles & Co Q1 net loss $0.20/shr vs $0.14; revenue up 2% to $123.8M
Total revenue $123.8M (+2.0% YoY); system-wide comps +4.4% (co.+4.7%, franchise +2.9%).
Noodles & Company Q4 net loss $9.7M; FY net loss expands to $36.2M
Q4 revenue $121.8M (-2.0% YoY); net loss $9.7M ($0.21 per share) vs loss $6.1M ($0.14) prior year.
Noodles & Company names Joe Christina President and COO effective Feb 24, 2025
Christina receives $450K base salary, 75% target bonus, and 160K RSUs under 2024 Inducement Plan.
Noodles & Company regains Nasdaq minimum bid compliance; delisting notice resolved
On Feb 5, 2025, Nasdaq notified Noodles & Company it has regained compliance with the $1.00 minimum bid price requirement.
Noodles & Company reports Q4 2024 preliminary system-wide comp sales +0.8%, AUV flat at $1.3M
Q4 system-wide comparable sales increased 0.8% (company-owned +0.5%, franchise +1.9%).
Noodles & Company receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notice on Dec 24, 2024 for non-compliance with minimum $1.00 bid price rule.
Noodles & Company Q3 revenue down 4% to $122.8M; net loss of $6.8M vs year-ago profit
Total revenue $122.8M, -4.0% YoY; comparable restaurant sales -3.3% system-wide.
Noodles & Company amends credit agreement to relax leverage covenants, raises interest rate spreads
Leverage covenant max raised to 5.50x through Sep 2025, stepping down to 4.50x by Mar 2027.
COO Brad West to retire June 30, 2025; will transition to Chief of Staff role
West remains COO until successor appointed, then serves as Chief of Staff to CEO through June 30, 2025.
Noodles & Co Q2 net loss deepens to $13.6M; revenue up 1.8% to $127.4M
Net loss of $13.6M ($0.30 loss per diluted share) vs $1.3M loss ($0.03) a year ago.
Noodles & Company EVP/GC Melissa Heidman departs; severance includes $515K salary, RSU vesting
Melissa Heidman, EVP, General Counsel & Secretary, departs effective July 2, 2024.
Noodles & Company settles with activist Hoak; appoints Britain Peakes to board
Britain Peakes appointed as Class III director effective June 10, 2024, with term until 2025 annual meeting.
Noodles & Co shareholders re-elect three directors, reject emissions disclosure proposal
Jeff Jones, Drew Madsen, Shawn Taylor re-elected as Class II directors with ~92%, ~96%, ~93% votes for respectively.
Noodles & Company Q1 2024 revenue down 3.7% to $121.4M; net loss widens to $6.1M
Total revenue $121.4M, -3.7% YoY; comparable restaurant sales -5.4% system-wide.
CMO Stacey Pool resigns effective May 17, 2024; search underway
Stacey Pool resigns as CMO effective May 17, 2024, to accept a leadership role in auto aftermarket sector.
Noodles & Company reports Q4 net loss of $6.1M, appoints Drew Madsen as permanent CEO
Q4 total revenue decreased 8.9% to $124.3M; comparable restaurant sales down 4.2% system-wide.
Noodles & Company amends credit agreement; rates increase, leverage covenant eased through 2025
SOFR loan interest margin raised to 1.75%-3.00% from 1.50%-2.50% based on leverage ratio.
Noodles & Company appoints Drew Madsen as interim CEO; Dave Boennighausen departs
Drew Madsen, board member since 2017, named interim CEO effective Nov 9, 2023; former President of Panera Bread and Darden.
Noodles & Co Q3 revenue down 1.2% to $127.9M; comp sales -3.7%
Total revenue $127.9M, down 1.2% YoY; system-wide comparable sales fell 3.7% (company-owned -4.3%, franchise -1.2%).
Noodles & Company Q2 revenue falls 4.5% to $125.2M; net loss $1.3M vs year-ago profit
Comparable restaurant sales down 5.5% system-wide: company-owned -5.9%, franchise -3.4%.
Noodles & Company appoints Mike Hynes as CFO, effective July 24, 2023
Mike Hynes, 47, appointed CFO effective July 24, 2023; reports to CEO Dave Boennighausen.
Thomas Lynch appointed to Noodles & Company Board effective May 30, 2023
Lynch, founder and Senior Managing Director of Mill Road Capital, is a major shareholder in the company.
Noodles & Company CFO Carl Lukach resigns effective June 9, 2023; CEO to serve as interim CFO
Carl Lukach resigns as CFO effective June 9, 2023, to accept a retail CFO role closer to family.
Mary Egan re-elected as Class I director (30,002,384 for, 7,592,454 withheld).
Noodles & Company Q1 revenue up 12% to $126.1M; net loss narrows to $3.1M
Total revenue $126.1M (+12.0% YoY); company comp sales +6.9%; franchise comps +4.1%.
Noodles & Co Q4 net income $1.0M, revenue +18.9%; comp sales +10.2%
Q4 2022 revenue $136.5M (+18.9% YoY); net income $1.0M ($0.02 EPS) vs net loss $4.7M ($0.10 loss) prior year.
Noodles & Company Q3 revenue up 3.4% to $129.4M; EPS drops to $0.02 from $0.10
Total revenue $129.4M, +3.4% YoY; comparable company sales +3.4%, franchise -3.8%.
Noodles & Company Q2 net income falls to $1.3M; amends credit facility to $125M
Total revenue $131.1M (+4.3% YoY); comp sales +5.1% system-wide.
Noodles & Company shareholders re-elect two directors, approve say-on-pay, ratify EY
Dave Boennighausen and Elisa Schreiber re-elected as Class III directors; 37.5M and 37.4M votes for.
Noodles & Co Q1 net loss widens to $6.4M; revenue up 2.7% to $112.6M
Net loss of $6.4M ($0.14 per diluted share) vs $2.0M loss in Q1 2021; adjusted net loss $5.8M ($0.13).
Noodles & Co FY2021 revenue $475.2M (+20.7%), net income $3.7M vs loss $23.3M; AUV +11.3% vs 2019
Full year 2021 total revenue $475.2M, up 20.7% YoY; comparable restaurant sales +22.1% system-wide.
Noodles & Company Q3 2021: Revenue up 18.1% to $125.1M; net income $4.7M
System-wide comparable restaurant sales increased 16.3% YoY; company-owned +15.3%, franchise +21.0%.
Noodles & Company Q2 revenue $125.6M (+57%), net income $5.7M, record AUV $1.35M
Total revenue up 57% to $125.6M; comparable restaurant sales +56.8% system-wide.
appointed Joseph Christina as President and Chief Operating Officer of the Company, effective February 24, 2025.
On September 11, 2024, Noodles & Company (the “Company”) announced that Brad West, its Chief Operating Officer, will retire from the Company on June 30, 2025.
From the Transition Date through June 30, 2025, Mr. West has agreed to serve as Chief of Staff to the Company’s Chief Executive Officer.
On June 25, 2024, Noodles & Company ("the Company") announced the departure of Melissa Heidman, its Executive Vice President, General Counsel and Secretary, effective July 2, 2024.
on June 10, 2024, the Board appointed Britain Peakes as a member of the Board effective immediately.
On April 17, 2024, Ms. Stacey Pool informed Noodles & Company ("the Company") that she is resigning from her employment as Chief Marketing Officer with the Company effective May 17, 2024 in order to accept another leadership opportunity within the auto aftermarket sector.
Effective March 6, 2024, the Board of Directors (the “Board”) of the Company appointed Drew Madsen, 67, as the Company’s Chief Executive Officer.
Dave Boennighausen ceased serving as Chief Executive Officer of the Company, effective November 9, 2023.
appointed Drew Madsen, 67, as t he Company’s interim Chief Executive Officer, effective immediately.
On June 26, 2023, Noodles & Company (the “Company”) announced that the Board of Directors of the Company (the “Board”) appointed Michael ("Mike") Hynes, 47, as Chief Financial Officer of the Company, effective July 24, 2023.
On May 30, 2023, the Board of Directors (the “Board”) of Noodles & Company (the “Company”), appointed Thomas Lynch as a member of the Board effective immediately.
Mr. Carl Lukach informed Noodles & Company ("the Company") that he is resigning from his employment as Chief Financial Officer with the Company effective June 9, 2023 in order to accept another leadership opportunity within the retail industry.
Max materiality 0.85 · Median 0.65 · Most common event earnings