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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 (NASDAQ: NDLS) has announced it will host a conference call on August 7, 2024, at 4:30 p.m. ET to discuss its second quarter 2024 financial results. The call will be hosted by Drew Madsen, CEO, and Mike Hynes, CFO. A press release detailing the financial results will be issued after market close on the same day. Interested parties can access the live conference call through a registration link, and it's recommended to join 10 minutes before the start time. The call will also be webcast live on the company's investor relations website, with an archive available shortly after the call concludes.
Noodles & Company is celebrating National Mac & Cheese Day throughout July with the return of Macapalooza, featuring a new -time Mac & Cheese Mashup menu and exclusive rewards for Noodles Rewards members.
Starting July 1, members can enjoy a $1 Side Mac with purchases of $15 or more. The new Mac & Cheese Mashup menu, available online only, includes combinations like 4-Cheese Alfredo Mac, Cheesy Broccoli Mac, Crispy Jalapeno Mac, and Korean Meatball Mac & Cheese, with prices starting under $9.
On July 14, National Mac & Cheese Day, members can get items from the Mashup menu for just $5. Rewards members can also earn double points on Mac & Cheese purchases throughout July. New members signing up can receive a free regular entree after their first purchase.
The Goodness Guarantee ensures guests can exchange their dish if they are not satisfied. For more details, visit Noodles.com.
Noodles & Company (NASDAQ: NDLS) has appointed Scott Davis as Chief Concept Officer, effective June 19, 2024. Davis previously served as Chief Concept Officer at Panera Bread and President and Chief Concept Officer at CoreLife Eatery. His contributions at Panera included developing key innovations that bolstered lunch and dinner traffic, and he led culinary development, restaurant design, and sustainability efforts. At CoreLife Eatery, he played a important role in the brand's growth and innovation. Davis's extensive experience is expected to drive Noodles & Company's menu innovation and sustained, profitable growth.
Noodles & Company (NDLS) has appointed Britain Peakes to its Board of Directors, effective June 10, 2024.
Ms. Peakes, a seasoned finance and investment professional, currently serves at Hoak & Co. and brings extensive experience in private and public markets, including real estate, private equity, and public equity sectors.
This appointment is part of a Support Agreement with Hoak Public Equities, which owns about 9.48% of Noodles & Company's outstanding shares. The Agreement includes customary standstill, voting, and confidentiality commitments.
Ms. Peakes expressed her enthusiasm for contributing to the company's strategic growth, while Jeff Jones, Chairman of the Board, highlighted her finance and strategic acumen as valuable assets.
Noodles & Company (NDLS) announced their first quarter 2024 financial results, reporting a 3.7% decrease in total revenue, a 5.4% decrease in comparable restaurant sales, and a net loss of $6.1 million. Operating margin was (3.4)% and restaurant contribution margin was 13.1%. Despite challenges, CEO Drew Madsen expressed optimism for the future, highlighting improvements in sales and traffic trends.
Noodles & Company's Steak Stroganoff was a huge success, selling over 110,000 bowls in just two weeks. Due to popular demand, the dish will make one final appearance before being removed from the menu. Customers can enjoy the rich and creamy flavors of Steak Stroganoff, backed by a Goodness Guarantee program and Noodles Rewards for additional benefits.
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