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Stock impact report

Noodles & Company Announces Fourth Quarter and Full Year 2023 Financial Results

Noodles & Company (NDLS) 
Last noodles & company earnings: 2/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: noodles.com
Company Research Source: GlobeNewswire
BROOMFIELD, Colo., March 07, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for the fourth quarter and fiscal year ended January 2, 2024, and provided a 2024 business outlook. Key highlights for the fourth quarter of 2023 (13 weeks) compared to the fourth quarter of 2022 (14 weeks) include: Total revenue decreased 8.9% to $124.3 million from $136.5 million. Adjusting for the impact of the 53rd week in the fourth quarter of 2022, total revenue decreased $3.1 million in the fourth quarter of 2023, or 2.4%.Comparable restaurant sales decreased 4.2% system-wide, including a 4.3% decrease for company-owned restaurants and a 3.6% decrease for franchise restaurants.Net loss was $6.1 million, or $0.14 loss per diluted share, compared to net income of $1.0 million, or $0.02 per diluted share.Operating margin was (3.7)% compared to an operating margin of 1.3%.Restaurant contribution margin(1) decreased 50 basis points to 14.7%.Five new company-ow Show less Read more
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