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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 (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.
Noodles & Company (NASDAQ: NDLS) will host a conference call on October 28, 2020, at 4:30 p.m. ET to discuss third quarter 2020 financial results. CEO Dave Boennighausen will lead the call. A press release with the financial results will be issued post-market close on the same day. The call can be accessed at (877) 303-1298 for domestic callers and (253) 237-1032 for international callers. A replay will be available until November 4, 2020. The meeting will also be available live on the company's website.
Noodles & Company (NASDAQ: NDLS) announced on Sept. 22, 2020, that it will provide team members with paid time off to vote, supporting their civic rights. Employees will receive one hour of paid time off for voting, whether in-person or via mail. Additionally, the company has established an online resource library to assist with voter registration and polling information. This initiative is part of Noodles' comprehensive benefits package, aiming to foster a diverse and inclusive workplace. The company is committed to enhancing its employee benefits further in the coming weeks.
Noodles & Company (NASDAQ: NDLS) announced its participation in the virtual CL King’s 18th Annual Best Ideas conference. The discussion is scheduled for September 16, 2020, at 10:15 AM Eastern Time. The event will be available for live streaming and archived on their website under the Investor Relations tab. Noodles & Company, founded in 1995, operates over 450 restaurants, offering a variety of noodle dishes and is recognized as one of the Best Places to Work by the Denver Business Journal.
Noodles & Company (NASDAQ: NDLS) is set to host a conference call on August 6, 2020, at 4:30 p.m. ET to discuss its second quarter 2020 financial results. CEO Dave Boennighausen and CFO Ken Kuick will lead the call. A press release detailing the financial results will be published after market close on the same day. Participants can access the call by phone or through a live webcast on the company's investor website. A replay of the call will be available until August 13, 2020.
Noodles & Company (NASDAQ: NDLS) announced a mandatory face-covering policy for team members and guests at company-owned locations, effective July 22, 2020. This initiative aims to enhance safety amid the COVID-19 pandemic, aligning with CDC guidelines. The company reports strong digital sales growth, up 138% in Q2 compared to Q1, as off-premise options become increasingly popular. Noodles has extended free delivery until July 31 for orders over $15, catering to evolving consumer needs for safe dining alternatives.
Noodles & Company (NASDAQ: NDLS) has introduced new Perfect Bowls, offering diet-friendly options such as paleo, keto, vegetarian, and gluten-sensitive meals. This move aims to support healthier eating habits during summer.
As of June 16, 2020, comparable restaurant sales declined 14.8% at company-owned locations. However, digital sales rose to 67% of overall sales, indicating strong online performance. The company maintains a healthy liquidity position with $62.4 million in cash. Re-openings of dining rooms are underway, with 20% reopened as of mid-June.
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