Noodles & Company Announces First Quarter 2024 Financial Results
Noodles & Company (NDLS)
Last noodles & company earnings: 2/26 04:05 pm
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US:NASDAQ Investor Relations:
noodles.com
Company Research
Source: GlobeNewswire
BROOMFIELD, Colo., May 08, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for its first quarter ended April 2, 2024. Key highlights for the first quarter of 2024 versus the first quarter of 2023 include: Total revenue decreased 3.7% to $121.4 million from $126.1 million in the first quarter of 2023.Comparable restaurant sales decreased 5.4% system-wide, comprised of a 5.7% decrease at company-owned restaurants and a 4.5% decrease at franchise restaurants.Net loss was $6.1 million, or $0.14 loss per diluted share, compared to net loss of $3.1 million, or $0.07 loss per diluted share, in the first quarter of 2023.Operating margin was (3.4)% compared to (1.8)% in the first quarter of 2023.Restaurant contribution margin(1) was 13.1% compared to 13.7% in the first quarter of 2023.Two new company-owned restaurants and one franchise restaurant opened in the first quarter of 2024. _____________________(1) Restaurant contribution margin i
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News
- Noodles & Company (NASDAQ: NDLS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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- Noodles & Company (NASDAQ: NDLS) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $3.00 price target on the stock.MarketBeat
- Noodles & Company (NDLS) Q1 Earnings Beat Estimates, Fall Y/Y [Yahoo! Finance]Yahoo! Finance
- Noodles & Co. (NDLS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
NDLS
Earnings
- 5/8/24 - Beat
NDLS
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- NDLS's page on the SEC website