Noodles & Company - NDLS STOCK NEWS

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.

Noodles & Company (NASDAQ: NDLS) has announced key promotions within its leadership team to facilitate its growth objectives, targeting a system-wide unit growth of at least 7% annually from 2022, average unit volumes of $1.45 million by 2024, and a 20% restaurant contribution margin by 2024. Brad West has been appointed as Chief Operating Officer, Sue Petersen as Executive Vice President of Inclusion, Diversity, and People, and Corey Kline as Executive Vice President of Technology. The company aims to enhance its operational excellence and technological innovation, vital for achieving their accelerated growth plans.

Noodles & Company (NDLS) reported its Q4 and FY 2020 results, with significant digital sales growth. Q4 digital sales surged 128%, comprising 62% of total sales. However, total revenue fell 5.9% to $107.2 million, and the net loss widened to $3.8 million. For FY 2020, revenue decreased 14.9% to $393.7 million, with a net loss of $23.3 million. The company aims for accelerated growth, targeting 7% annual unit growth starting in 2022 and a 20% restaurant contribution margin by 2024.

Noodles & Company (NASDAQ: NDLS) has launched a multi-unit franchise growth initiative aimed at expanding its presence in Southern and Southwestern markets. Targeting states such as Alabama, Florida, Georgia, New Mexico, South Carolina, and Texas, the expansion will leverage both company locations and existing franchisees. The initiative is supported by the hiring of John Ramsay as vice president of franchise development, who aims to strengthen franchise partnerships. Noodles & Company’s successful recent openings highlight potential growth in the fast-casual dining sector.

Noodles & Company (NASDAQ: NDLS) announced a conference call scheduled for February 25, 2021, at 4:30 p.m. ET to discuss its fourth quarter and full year 2020 financial results. CEO Dave Boennighausen and CFO Carl Lukach will host the call. A press release with the financial results will be issued after the market close on the same day. The call will be accessible via phone and will also be webcast live on the company's investor relations website, with a replay available until March 4, 2021.