Noodles & Company
0.7184-0.04 (-5.85%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · NDLS · USD
Key Stats
Market Cap
33.36MP/E (TTM)
-Basic EPS (TTM)
-0.94Dividend Yield
0%Recent Filings
8-K
Auditor switch at Noodles
Noodles & Company dismissed Ernst & Young as its independent auditor on September 8, 2025, after clean reports for fiscal years 2024 and 2023, with no disagreements or reportable events noted. The audit committee immediately appointed Grant Thornton to handle audits for the fiscal year ending December 30, 2025, and no prior consultations occurred. This switch signals a routine refresh. No disruptions expected.
8-K
Strategic review launched
Noodles & Company launched a strategic alternatives review on September 3, 2025, eyeing refinancing debt, refranchising, or selling parts of the business to boost shareholder value. This comes amid solid August comparable sales up 4.5%, fueled by the Delicious Duos value platform. No timeline set. Yet, outcomes remain uncertain.
10-Q
Q2 FY2025 results
Noodles & Company posted Q2 revenue of $126.4M, down 0.7% y/y but up 0.6% YTD to $250.2M, with system-wide comparable sales rising 1.5% on menu upgrades and marketing pushes, yet restaurant contribution margin slipped to 12.8% from 15.5% amid higher cost of sales at 26.5% (up from 24.7%, derived). Operating loss widened to $14.8M from $11.5M y/y, driven by $13.7M in impairments and closures for 15 underperformers, while net loss hit $17.6M or $0.38/share on 46.2M diluted shares—consistent with no anti-dilution. Cash edged to $2.3M with $3.2M operating cash flow less $6.3M capex yielding negative FCF, backed by $108.3M debt at 8.6% average rate under a $125M facility maturing 2027, with $13.7M availability and covenant compliance. Closed nine restaurants YTD, planning 19-23 more. Nasdaq delisting risk looms if shares stay below $1.
8-K
Q2 revenue dips, CEO transition
Noodles & Company reported Q2 2025 revenue down 0.7% to $126.4 million, with comparable sales up 1.5% amid a tough consumer market, but net loss widened to $17.6 million from $13.6 million last year. Restaurant contribution margin slipped to 12.8% from 15.5%, hit by impairments and closures of eight restaurants. CEO Drew Madsen is stepping down, handing reins to Joe Christina. Full-year outlook sees revenue at $487-$495 million, but 28-32 closures ahead. Liquidity stays tight at $2.3 million cash.
8-K
CEO transition announced
Noodles & Company promoted Joseph Christina from President and COO to President and CEO effective August 31, 2025, succeeding Drew Madsen, who steps down for personal medical reasons but stays on the board to aid transition. Christina, with deep restaurant ops experience from Burger King, Church's Chicken, and Tijuana Flats, secures a $550,000 base salary and 250,000 RSUs vesting over four years. Leadership shift bolsters ops focus amid brand revitalization. Earnings call now set for August 13.
BRLS
Borealis Foods Inc.
3.52+0.25
DPZ
Domino's Pizza Inc
405.87-5.10
EAT
Brinker International, Inc.
114.98-9.28
FCCI
FAST CASUAL CONCEPTS INC.
0.95+0.00
NROM
Noble Roman's, Inc.
0.17+0.00
ODDAF
Odd Burger Corporation
0.06+0.00
QSR
Restaurant Brands International
66.02-0.71
RRGB
Red Robin Gourmet Burgers, Inc.
5.38-0.40
SHAK
Shake Shack, Inc.
89.81-1.37
WEN
Wendy's Company (The)
8.63-0.10