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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 announced the testing of three new salads at select locations in Colorado, Maryland, Virginia, Florida, and California. These salads aim to provide fresh, bold flavors and healthier options for customers. The salads include an Asian Apple Citrus Salad, a Mexican Street Corn Salad, and a Quinoa Chop Salad, all designed to complement the company's globally-inspired menu. Noodles & Company emphasizes quick, convenient lunch options as consumers return to the workplace, while also offering plant-based pasta alternatives.
Noodles & Company (NASDAQ: NDLS) will participate in a fireside chat at the Jefferies Virtual Consumer Conference on June 23, 2021, starting at 2:40 pm ET. The discussion will be webcast live and archived on their website for later viewing. Noodles has approximately 450 restaurants and a commitment to serving diverse noodle dishes, from classic Wisconsin Mac & Cheese to healthier Zoodles. For more information, visit www.noodles.com.
Noodles & Company (NDLS) announced the launch of its first ghost kitchen in Chicago on May 20, 2021. This expansion enhances their off-premise capabilities and supports digital growth, catering to changing customer behaviors. The ghost kitchen allows for orders via the Noodles Rewards App, DoorDash, and UberEats. Digital sales surged by 110% in Q1 2021, comprising 62% of total sales, reflecting their successful adaptation to the pandemic. This initiative aims to broaden market reach without the overhead of traditional locations, further optimizing customer experience.
Noodles & Company (NASDAQ: NDLS) announced the launch of three new tortelloni dishes available exclusively to Rewards members from May 19 to June 1, 2021. The tortelloni, a first for the menu, features a larger stuffed pasta format designed to enhance flavor. New members signing up by June 1 can earn 600 bonus points. The promotion also includes free delivery for Rewards members who order the new dishes during the promotional period. The tortelloni items include 3-Cheese Tortelloni Rosa, 3-Cheese Tortelloni Pesto, and Roasted Garlic Cream Tortelloni, crafted with premium ingredients and flavors.
Noodles & Company (NASDAQ: NDLS) will participate in a virtual fireside chat at the BMO Capital Markets 16th Annual Farm to Market Conference on May 19, 2021, starting at 2 pm ET. The discussion will be broadcast live and can be accessed later via the company's website under the Investor Relations section.
The company, operating 448 restaurants with 8,000 team members, has been serving a variety of noodles since 1995.
Noodles & Company (NASDAQ: NDLS) will launch a highly anticipated new menu item exclusively for Rewards members on May 19, 2021. This new dish, said to be the most requested in the company's history, aims to overdeliver on flavor. Benefits for Rewards members include exclusive access to the dish, free delivery from May 19 to June 1, and 600 bonus points for new members. The initiative highlights the company's commitment to loyal customers as they continue to navigate industry challenges, according to CMO Stacey Pool.
Noodles & Company (NDLS) reported strong Q1 2021 financial results with total revenue of $109.6 million, a 9.2% increase from $100.3 million in Q1 2020. Comparable restaurant sales rose 10.5% for company-owned locations and 11.7% at franchises. Average unit volumes hit a record $1.35 million, up 12.7% year-over-year. Digital sales surged 110%, making up 62% of total sales. Despite a net loss of $2 million, improvements in adjusted net loss to $0.8 million and adjusted EBITDA of $6.3 million were noted, along with a reduction in debt.
Noodles & Company (NASDAQ: NDLS) announced plans for at least 7% system-wide unit growth starting in 2022, focusing on franchise development to achieve this target. Despite pandemic challenges, the company adapted well, achieving a 128% increase in digital sales, which constituted 62% of total sales. With nearly 450 locations across 29 states, Noodles is well-positioned in the fast-casual market, offering a diverse menu and efficient off-premise options. The expansion targets Southern and Southwestern markets, aiming to attract franchisees aligned with the brand's values.
Noodles & Company (NASDAQ: NDLS) will host a conference call on April 29, 2021, at 4:30 p.m. ET to discuss its first quarter 2021 financial results. CEO Dave Boennighausen and CFO Carl Lukach will lead the call, with a press release issued after market close that day. Interested parties can access the conference call by dialing the provided numbers or via the company's corporate website. A replay will be available until May 6, 2021. Noodles & Company is recognized for its diverse menu and workplace culture.
Noodles & Company (NASDAQ: NDLS) will host a state-wide fundraiser on April 6 from 4 p.m. to close at all 58 of its Colorado restaurants. The initiative aims to support the Colorado Healing Fund, donating 50% of the day's sales, with a maximum contribution of $50,000. This fund assists victims of the Boulder supermarket tragedy and other mass casualty incidents. The company expresses solidarity with the Boulder community, emphasizing its commitment to nourishment and support for those affected. More details are available at Noodles.com/GivingBackCO.
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