Welcome to our dedicated page for Noodles & Company news (Ticker: NDLS), a resource for investors and traders seeking the latest updates and insights on Noodles & Company stock.
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 introduced two new Cauliflower Gnocchi dishes, Cauliflower Gnocchi Rosa and Cauliflower Gnocchi with Roasted Garlic Cream. These dishes feature half the carbs of traditional pasta, are gluten-sensitive, and offer a full serving of vegetables. The new menu items are made-to-order with nutritious ingredients like spinach, zucchini, and mushrooms. This innovative addition reflects Noodles' commitment to catering to diverse dietary preferences. The dishes are available at all locations for convenient online ordering or through the Noodles Rewards app.
Noodles & Company (NASDAQ: NDLS) announced its participation in two upcoming investor conferences in January 2021. The first event is a virtual fireside chat at the 23rd Annual ICR Conference on January 11, 2021, at 12:30 PM ET, which will be broadcast live. The second event is the Jefferies 10th Annual Winter Summit taking place from January 19 to 20, 2021. For more details, visit Noodles & Company's website.
Noodles & Company (NASDAQ: NDLS) has appointed Shawn A. Taylor as an independent member of its Board of Directors, effective December 15, 2020. Jeff Jones, Chairman of the Board, expressed confidence in Taylor's extensive experience in the restaurant industry, noting his past leadership roles at Zaxby's and Taco Bell. Taylor aims to leverage his skills to enhance Noodles & Company's growth potential. He holds a B.S. in accounting from Purdue University and has a strong record of community involvement and business leadership.
Noodles & Company (NASDAQ: NDLS) announced the testing of new ravioli and tortelloni dishes at 21 locations across Colorado, Illinois, and Ohio. These offerings feature premium ingredients and fresh vegetables, designed to provide guests with elevated menu choices. The new dishes include options like 3-Cheese Tortelloni Rosa and Parmigiano Ravioli Pesto, reflecting a year-long development process focused on flavor and guest feedback. Noodles Rewards members can benefit from a free delivery promotion until December 31, along with special offers during a limited time.
Noodles & Company (NASDAQ: NDLS) has appointed Fortnight Collective as its creative agency for 2021. This partnership began in March 2020, aiming to enhance brand loyalty through innovative marketing strategies during the pandemic. Fortnight Collective, recognized as one of Adweek's 100 Fastest Growing Agencies, will support Noodles in launching new products and digital marketing innovations. CEO Andy Nathan expressed excitement about the continued collaboration, emphasizing their strong team dynamic and commitment to growing the Noodles brand together.
Noodles & Company (NASDAQ: NDLS) is launching a promotion for college bowl season from December 15 to December 19, 2020. Noodles Rewards members can receive a free regular-size bowl with the purchase of any bowl, valid for two weeks after issuance. This offer aims to enhance the college football experience even amid changes in stadium attendance. Customers can combine this deal with free delivery through the Noodles Rewards app. The initiative reflects the company’s commitment to engaging with fans during the bowl season.
Noodles & Company (NASDAQ: NDLS) announced it will host over 150 fundraisers on December 1, 2020, for National Day of Giving, benefiting local schools. From 4:00 - 8:00 p.m., participating locations will donate 50% of qualifying sales to partnered schools to support essential activities and supplies. The initiative follows a survey indicating many teachers incur personal expenses for educational materials due to remote learning. This year, the company has already raised nearly $200,000 for local organizations through fundraising events.
Noodles & Company (NASDAQ: NDLS) has appointed John Ramsay as vice president of franchise sales to enhance its growth strategy. The company plans to open 10-15 new restaurants in 2021 and aims for at least 7% annual unit growth from 2022. Ramsay, with over 28 years of experience, will play a vital role in franchising and expanding existing locations. Additionally, two real estate directors have been hired to further bolster development efforts as Noodles aims to capitalize on favorable market conditions.
Noodles & Company (NASDAQ: NDLS) announced key leadership changes, appointing Carl Lukach as Chief Financial Officer effective November 30, 2020. Lukach brings over 17 years of financial expertise from notable organizations like Equinox and Abercrombie & Fitch. He aims to enhance the company's financial strategy and growth potential.
Additionally, Kathy Lockhart has been promoted to Chief Accounting Officer, continuing her 14-year tenure at Noodles. Both leaders are expected to facilitate growth and shareholder value during a transformative period for the company.
Noodles & Company (NDLS) reported its Q3 2020 financial results, revealing total revenue of $106 million, down from $118.3 million in Q3 2019. Comparable restaurant sales declined by 3.8% overall, with digital sales surging 151%, representing 61% of total sales. The company posted a net loss of $0.1 million, or $0.00 per diluted share, contrasting with a net income of $4.2 million in the same period last year. Adjusted EBITDA decreased to $7.7 million from $11 million year-over-year, impacted by COVID-19 related restaurant closures and increased delivery costs.
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