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Noodles & Company (NASDAQ: NDLS) is a prominent player in the fast-casual restaurant segment, known for its globally-inspired noodle bowls, soups, salads, and appetizers. Founded in 1995 and headquartered in Broomfield, Colorado, the company aims to deliver 'Uncommon Goodness' through its diverse menu, excellent customer service, and values-centric culture.
Core Business and Products:
Noodles & Company offers a wide range of cooked-to-order dishes. Signature items include the beloved Wisconsin Mac & Cheese, Buffalo Chicken Mac, and the new Chicken Prosciutto Tortelloni with Smoked Gouda. The company continuously innovates its menu to meet diverse dietary preferences, featuring fresh ingredients and premium quality.
Recent Achievements:
In early 2024, the company enhanced its World-Famous Mac menu by adding 50% more cheese sauce to every bowl, a move that has been highly appreciated by its clientele. Additionally, it reintroduced the popular LTO, Steak Stroganoff, which sold over 110,000 bowls within the first two weeks of its relaunch.
Expansion and Partnerships:
Noodles & Company is expanding its footprint through strategic franchise agreements. In February 2024, a new location was opened in Williston, North Dakota, operated by Little Deep Pasta. By April 2024, a six-unit franchise agreement was signed with DND Group Inc. to expand in the Portland, Oregon area.
Corporate Values and Culture:
The company operates on four core values: We Care, We Are Passionate, We Show Pride, and We Love Life! Noodles & Company is recognized for its supportive environment that fosters individual growth, team collaboration, and community involvement. It has been named one of America's Best Employers for Diversity and Women by Forbes and received numerous accolades for its work culture.
Financial Health:
With over 460 locations and robust financial performance, Noodles & Company maintains a solid fiscal strategy while focusing on long-term growth. This includes a keen interest in expanding its geographical footprint, particularly in the southern U.S. regions.
Customer Engagement:
The company offers an engaging Noodles Rewards program, which provides exclusive access to new menu items, double points on purchases, and more. It fosters customer loyalty through initiatives like the Goodness Guarantee program, ensuring guests are satisfied with their meals.
To learn more about Noodles & Company, explore their menu, or join their team, visit noodles.com.
Noodles & Company (NASDAQ: NDLS) has announced the return of Steak Stroganoff to its menu starting January 15, 2025, following its successful 2024 launch when it sold out in just two weeks. The dish features wavy egg noodles in a mushroom sherry cream sauce with fresh herbs, cracked pepper, roasted mushrooms, tender marinated steak, parmesan cheese, and Italian parsley.
The -time offering is backed by the company's Goodness Guarantee program, allowing customers to exchange their meal for a different dish if not satisfied. The dish is available at all locations nationwide for dine-in, through the Noodles mobile app, or via third-party delivery. Customers can also access the dish through Noodles Catering for events and gatherings.
The company is promoting its Noodles Rewards program, offering new members a free regular entrée after their first purchase and access to exclusive offers through their Extra Goodness platform.
Noodles & Company (Nasdaq: NDLS) announced preliminary, unaudited sales results for Q4 2024, ending December 31, 2024. The company reported a 0.8% increase in system-wide comparable sales, with a 0.5% rise at company-owned restaurants and a 1.9% increase at franchise locations.
Company-owned average unit volumes remained flat at $1.3 million, while digital sales grew by 5.6%. CEO Drew Madsen attributed the improved Q4 performance to new menu items, promotional offers, and increased third-party delivery channel activity. He noted that the strongest sales performance occurred in the last four weeks of the quarter, despite the end of promotional activities.
Madsen highlighted the company's strategic reduction in planned capital expenditures for 2025 to strengthen the balance sheet. He emphasized the ongoing comprehensive menu transformation and the growth of digital channels and loyalty programs.
Overall, Noodles & Company is optimistic about its strong foundation entering 2025, aiming to capitalize on future opportunities.
Noodles & Company (NASDAQ: NDLS) announces the return of Holiday CrispiDays, featuring four -edition festive flavors throughout December 2024. Each week introduces a new specialty Crispy treat: S'mores Crispy (12/2-12/8), Cinnamon Crunch Crispy (12/9-12/15), Chocolate Peppermint Crispy (12/16-12/22), and Cake Batter Crispy (12/23-12/29).
Customers spending $15 or more can get a Crispy for $1 using code CRISPIDAYS. The promotion includes special offers for Noodles Rewards members, including a free regular entree for new members after their first purchase.
Noodles & Company (NASDAQ: NDLS) has launched its first-ever online merchandise store, featuring exclusive holiday-themed items including winter sweaters, branded onesies, and pet bandanas. The -edition collection, available through December 31, includes stylish sneakers with the company's signature colors, festive branded onesies, and cozy holiday sweaters. A special Black Friday through Cyber Monday promotion offers 50% off on the -edition onesies with no minimum purchase required. The company is also promoting its Noodles Rewards program, offering new members a free regular entree after their first purchase and access to exclusive offers.
Noodles & Company (NASDAQ: NDLS) has launched its first-ever online merchandise store for the holiday season, featuring exclusive items available through December 31. The collection includes -edition winter essentials such as branded sneakers, festive onesies, holiday sweaters, and pet bandanas.
A special Black Friday through Cyber Monday promotion offers 50% off the -edition Noodles onesie with no minimum purchase required. The company is also promoting its Noodles Rewards program, which offers new members a free regular entree after their first purchase, along with ongoing rewards and access to the Extra Goodness platform.
Noodles & Company (NASDAQ: NDLS) announced that its Board of Directors has granted an equity inducement award to Steve Kennedy upon his appointment as Executive Vice President, Marketing. The award, consisting of 50,000 time-based RSUs, was granted outside the Company's 2023 Stock Incentive Plan and approved in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs will vest in four equal annual installments, with one-fourth vesting on each anniversary of Kennedy's start date, contingent upon his continued employment.
Noodles & Company (NASDAQ: NDLS) is launching a new specialty Mac & Cheese menu in select markets across Colorado, Ohio, and Illinois. Building on their Wisconsin Mac & Cheese success, which sold over 10 million bowls in 2023, the company introduces three new variations: Buffalo Chicken Ranch, Garlic Bacon Ranch, and Pulled Pork BBQ Mac & Cheese. The company is also testing new items including Chicken Riggie, Green Goddess Salad, and Cajun Alfredo. All new dishes come with the company's Goodness Guarantee, allowing customers to exchange their meal if not satisfied.
Noodles & Company (NDLS) reported declining financial results for Q3 2024. Total revenue decreased 4.0% to $122.8 million, with system-wide comparable restaurant sales falling 3.3%. The company posted a net loss of $6.8 million ($0.15 loss per share), compared to net income of $0.7 million in Q3 2023. Operating margin declined to -3.9%, and restaurant contribution margin decreased to 12.8%. Adjusted EBITDA fell to $4.9 million from $10.9 million year-over-year. The company opened three new company-owned restaurants and one franchise location during the quarter. Management revised down their 2024 guidance, citing challenging consumer environment and declining delivery sales.
Noodles & Company (NASDAQ: NDLS) has appointed Stephen Kennedy as Executive Vice President of Marketing, effective November 18, 2024. Kennedy brings over two decades of experience, including significant roles at Bounteous, Nestle USA, and Domino's. At Domino's, he was instrumental in driving record sales growth through successful product launches and the Piece of the Pie Rewards program. At Nestle USA, he led Marketing Enablement initiatives, improving media ROI and e-commerce performance. CEO Drew Madsen highlighted Kennedy's expertise in digital innovation and customer engagement as key factors in strengthening brand relevance and driving profitable growth.
Noodles & Company (NASDAQ: NDLS) has announced that it will host a conference call to discuss its third quarter 2024 financial results on Wednesday, November 6, 2024 at 4:30 p.m. ET. The call will be hosted by Drew Madsen, Chief Executive Officer, and Mike Hynes, Chief Financial Officer. A press release containing the financial results will be issued after the market close on the same day.
Interested parties can access the live conference call by registering through a provided link to receive personal dial-in information and a passcode. It is recommended to join 10 minutes before the event start time. Additionally, the conference call will be webcast live from the company's corporate website at investor.noodles.com under the "Events & Presentations" page. An archive of the webcast will be available on the website shortly after the call concludes.
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