Noodles & Company Announces Preliminary Revenue Results for the Fourth Quarter of 2024
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) ha annunciato risultati di vendita preliminari e non verificati per il Q4 2024, terminato il 31 dicembre 2024. L'azienda ha riportato un incremento dello 0,8% delle vendite comparabili a livello di sistema, con un aumento dello 0,5% nei ristoranti di proprietà e un aumento dell'1,9% nelle sedi in franchising.
I volumi medi per unità di ristoranti di proprietà sono rimasti invariati a $1,3 milioni, mentre le vendite digitali sono cresciute del 5,6%. Il CEO Drew Madsen ha attribuito le migliori performance nel Q4 a nuovi articoli del menu, offerte promozionali e a un aumento dell'attività nel canale di consegna di terze parti. Ha notato che le migliori performance di vendita si sono verificate nelle ultime quattro settimane del trimestre, nonostante la fine delle attività promozionali.
Madsen ha evidenziato la riduzione strategica pianificata delle spese in conto capitale per il 2025 per rafforzare il bilancio. Ha sottolineato la continua trasformazione del menu e la crescita dei canali digitali e dei programmi di fidelizzazione.
Nel complesso, Noodles & Company è ottimista riguardo alla propria solida base per il 2025, mirata a capitalizzare sulle future opportunità.
Noodles & Company (Nasdaq: NDLS) anunció resultados preliminares y no auditados de ventas para el Q4 de 2024, que finalizó el 31 de diciembre de 2024. La compañía reportó un aumento del 0,8% en las ventas comparables a nivel del sistema, con un incremento del 0,5% en los restaurantes de propiedad y un aumento del 1,9% en las ubicaciones franquiciadas.
Los volúmenes medios por unidad en los restaurantes de propiedad se mantuvieron estables en $1,3 millones, mientras que las ventas digitales crecieron un 5,6%. El CEO Drew Madsen atribuyó el desempeño mejorado del Q4 a nuevos artículos en el menú, ofertas promocionales y un aumento en la actividad del canal de entrega de terceros. Señaló que el mejor desempeño en ventas ocurrió en las últimas cuatro semanas del trimestre, a pesar del final de las actividades promocionales.
Madsen destacó la reducción estratégica de los gastos de capital planificados para 2025 para fortalecer el balance. Enfatizó la transformación integral continua del menú y el crecimiento de los canales digitales y de los programas de lealtad.
En general, Noodles & Company es optimista sobre su sólida base al entrar en 2025, con el objetivo de capitalizar futuras oportunidades.
누들 앤 컴퍼니 (NASDAQ: NDLS)는 2024년 4분기, 2024년 12월 31일 종료된 비감사 판매 실적을 발표했습니다. 회사는 시스템 전체 비교 판매가 0.8% 증가했으며, 직영 레스토랑에서는 0.5% 상승, 프랜차이즈 지점에서는 1.9% 증가했다고 보고했습니다.
직영 레스토랑의 평균 단위 매출은 130만 달러로 변동이 없었으며, 디지털 판매는 5.6% 성장했습니다. CEO 드류 매드슨(Drew Madsen)은 향상된 4분기 실적이 새로운 메뉴 항목, 프로모션 제공 및 타사 배달 채널 활동의 증가에 기인한다고 밝혔습니다. 그는 프로모션 활동이 종료되었음에도 불구하고 분기 마지막 4주 동안 가장 강력한 판매 실적이 나타났다고 언급했습니다.
매드슨은 2025년 자본 지출 계획의 전략적 축소를 강조하여 재무 상태를 강화할 것임을 나타냈습니다. 그는 진행 중인 포괄적인 메뉴 변화와 디지털 채널 및 충성도 프로그램의 성장을 강조했습니다.
전반적으로 누들 앤 컴퍼니는 2025년을 대비하는 강력한 기반에 대해 낙관적이며, 향후 기회를 활용하고자 합니다.
Noodles & Company (Nasdaq: NDLS) a annoncé des résultats de ventes préliminaires et non vérifiés pour le Q4 2024, se terminant le 31 décembre 2024. L'entreprise a rapporté une augmentation de 0,8% des ventes comparables à l'échelle du système, avec une hausse de 0,5% dans les restaurants appartenant à l'entreprise et une augmentation de 1,9% dans les franchises.
Les volumes de vente moyens des unités appartenant à l'entreprise sont restés stables à 1,3 million de dollars, tandis que les ventes numériques ont augmenté de 5,6%. Le PDG Drew Madsen a attribué l'amélioration des performances du Q4 à de nouveaux articles au menu, des offres promotionnelles et une activité accrue dans les canaux de livraison tiers. Il a noté que les meilleures performances de ventes se sont produites au cours des quatre dernières semaines du trimestre, malgré la fin des activités promotionnelles.
Madsen a souligné la réduction stratégique des dépenses d'investissement prévues pour 2025 afin de renforcer le bilan. Il a mis l'accent sur la transformation continue du menu ainsi que la croissance des canaux numériques et des programmes de fidélité.
Dans l'ensemble, Noodles & Company est optimiste quant à sa solide base à l'entrée en 2025, visant à tirer parti des opportunités futures.
Noodles & Company (Nasdaq: NDLS) hat vorläufige, nicht geprüfte Verkaufszahlen für das Q4 2024 bekannt gegeben, das am 31. Dezember 2024 endete. Das Unternehmen berichtete von einem 0,8%igen Anstieg der vergleichbaren Verkaufszahlen im System, mit einem 0,5%igen Anstieg in den eigenen Restaurants und einem 1,9%igen Zuwachs an Franchise-Standorten.
Die durchschnittlichen Umsätze der eigenen Restaurants blieben stabil bei 1,3 Millionen Dollar, während die digitalen Verkäufe um 5,6% wuchsen. CEO Drew Madsen führte die verbesserte Performance im Q4 auf neue Menüpunkte, Werbeangebote und eine zunehmende Aktivität in den Drittanbieter-Lieferkanälen zurück. Er stellte fest, dass die stärksten Verkaufsleistungen in den letzten vier Wochen des Quartals erzielt wurden, trotz des Endes der Werbeaktivitäten.
Madsen hob die strategische Reduzierung geplanter Investitionsausgaben für 2025 hervor, um die Bilanz zu stärken. Er betonte die laufende umfassende Transformation des Menüs sowie das Wachstum digitaler Kanäle und Treueprogramme.
Insgesamt ist Noodles & Company optimistisch hinsichtlich seiner soliden Basis zum Eintritt in 2025 und strebt an, zukünftig Chancen zu nutzen.
- 0.8% increase in system-wide comparable sales.
- 1.9% increase in franchise restaurant sales.
- 5.6% growth in digital sales.
- Reduction in planned capital expenditures for 2025.
- Flat average unit volumes at $1.3 million.
Insights
The Q4 2024 preliminary results reveal a modest but strategically important performance shift for NDLS. The
Most telling is the sales momentum pattern - strongest performance in the final four weeks post-promotional period suggests organic demand improvement rather than promotion-dependent growth. The deliberate capital expenditure reduction strategy for 2025 signals a prudent approach to balance sheet management, particularly important given the current high-interest rate environment.
Breaking down the performance: franchise locations outperformed company-owned units (
The digital sales growth of
The menu transformation strategy, highlighted by three new menu items, demonstrates awareness of evolving consumer preferences. The sequential improvement from Q3 to Q4, especially strong performance after promotional activities ended, indicates potential sustainable growth rather than promotion-dependent sales. This suggests the menu changes are resonating with consumers and could drive organic growth in 2025.
Company to Host Investor Meetings at 27th Annual ICR Conference
BROOMFIELD, Colo., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today released preliminary, unaudited sales results for the fourth fiscal quarter ended December 31, 2024.
Preliminary Fourth Quarter of 2024 Sales Results Compared to the Fourth Quarter of 20231:
- Fourth quarter system-wide comparable sales increased
0.8% , comprised of a0.5% increase at company-owned restaurants and a1.9% increase at franchise restaurants. - Fourth quarter company-owned average unit volumes were flat versus prior year at
$1.3 million . - Fourth quarter company-owned digital sales increased
5.6% .
_____________________
1 These sales results are preliminary and unaudited, have not been reviewed by the Company’s independent registered public accountants, and remain subject to the completion of normal quarter-end accounting procedures and adjustments and are subject to change.
Drew Madsen, Chief Executive Officer of Noodles & Company, remarked, “We are pleased with our significant sales improvement during the fourth quarter compared to the third quarter, outperforming the BlackBox Fast Casual Index on both sales and traffic, with comp growth accelerating through the quarter. As we expected when we reported our third quarter results, our improved comp sales trajectory in the fourth quarter was driven by a combination of factors, including the rollout of our three new menu items, the promotional offers that we ran during the first two months of the quarter, and the renewed momentum in our third-party delivery channel. We are especially pleased that we saw the strongest comp sales performance during the last four weeks of the fourth quarter after our promotional activity had ended.”
Madsen concluded, "Looking ahead, we believe we have positioned the Company to capitalize on the significant opportunities ahead. Our comprehensive menu transformation is progressing as planned, and we continue to drive traffic through our digital channels and expansive loyalty program. In addition, by strategically reducing our planned capital expenditures in 2025, we believe we are well-positioned to improve the strength of our balance sheet. Overall, we are pleased with the fourth quarter recovery of our sales and traffic performance and believe we have a strong foundation to begin 2025."
Key Definitions
Average Unit Volumes — represent the average annualized sales of all company-owned restaurants for a given time period. AUVs are calculated by dividing restaurant revenue by the number of operating days within each time period and multiplying by the number of operating days we have in a typical year. Based on this calculation, temporarily closed restaurants are excluded from the definition of AUV, however restaurants with temporarily reduced operating hours are included. This measurement allows management to assess changes in consumer traffic and per person spending patterns at our restaurants. In addition to the factors that impact comparable restaurant sales, AUVs can be further impacted by effective real estate site selection and maturity and trends within new markets.
Comparable Restaurant Sales — represents year-over-year sales comparisons for the comparable restaurant base open for at least 18 full periods. This measure highlights performance of existing restaurants, as the impact of new restaurant openings is excluded. Changes in comparable restaurant sales are generated by changes in traffic, which we calculate as the number of entrées sold and changes in per-person spend, calculated as sales divided by traffic. Restaurants that were temporarily closed or operating at reduced hours remained in comparable restaurant sales.
About Noodles & Company
Since 1995, Noodles & Company has been serving guests Uncommon Goodness and noodles your way, with noodles and flavors you know and new ones you’re about to discover. From indulgent Wisconsin Mac & Cheese to craveable Japanese Pan Noodles, Noodles serves a world of flavor in every bowl. Made up of more than 460 restaurants and 7,000 passionate team members, Noodles is dedicated to nourishing and inspiring every guest who walks through the door. To learn more or find the location nearest you, visit www.noodles.com.
Forward Looking Statements
In addition to historical information, this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties such as the number of restaurants we intend to open, projected capital expenditures and estimates of our effective tax rates. In some cases, you can identify forward-looking statements by terms such as “may,” “might,” “will,” “objective,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “design,” “estimate,” “predict,” “potential,” “plan” or the negative of these terms and similar expressions intended to identify forward-looking statements. These statements reflect our current views with respect to future events and are based on currently available operating, financial and competitive information. Examples of forward-looking statements include all matters that are not historical facts, such as statements regarding expectations with respect to our business strategy and projected capital expenditures. Our actual results may differ materially from those anticipated in these forward-looking statements due to reasons including, but not limited to, our ability to execute on our strategic priorities; our ability to sustain our overall growth, including, our digital sales growth; our ability to open new restaurants on schedule and cause those newly opened restaurants to be successful; our ability to achieve and maintain increases in comparable restaurant sales and to successfully execute our business strategy, including new restaurant initiatives and operational strategies to improve the performance of our restaurant portfolio; the success of our marketing efforts, including our ability to introduce new products and pricing strategies; economic conditions, including inflation, an economic recession or an elevated interest rate environment; price and availability of commodities and other supply chain challenges; our ability to adequately staff our restaurants; changes in labor costs; our ability to qualify for continued listing on the Nasdaq Global Select Market; other conditions beyond our control such as domestic or global conflicts, wars, terrorist activity, weather, natural disasters, disease outbreaks, epidemics or pandemics impacting our customers or food supplies; and consumer reaction to industry related public health issues and health pandemics, including perceptions of food safety. For additional information on these and other factors that could affect the Company’s forward-looking statements, see the Company’s risk factors, as they may be amended from time to time, set forth in its filings with the SEC, included in our most recently filed Annual Report on Form 10-K, and, from time to time, in our subsequently filed Quarterly Reports on Form 10-Q. The Company disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as may be required by applicable law or regulation.
Contacts:
Investor Relations
investorrelations@noodles.com
Media
Danielle Moore
(720) 214-1971
press@noodles.com
FAQ
What were Noodles & Company's preliminary sales results for Q4 2024?
How did company-owned restaurants perform in Q4 2024 for NDLS?
What was the increase in digital sales for NDLS in Q4 2024?
What factors contributed to NDLS's sales improvement in Q4 2024?
What strategic changes is NDLS planning for 2025?
