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) will host a conference call on May 10, 2023, at 4:30 p.m. ET to discuss its Q1 2023 financial results. CEO Dave Boennighausen and CFO Carl Lukach will lead the call. A press release detailing the financial results will be issued after market close on the same day. Those interested can access the call via a registration link or listen through the company's corporate website in the 'Events & Presentations' section with an archive available afterward.
Founded in 1995, Noodles & Company operates over 450 restaurants and employs around 8,000 team members, focusing on diverse noodle dishes and catering to customer preferences.
Noodles & Company has introduced Extra Goodness, a new feature in its Noodles Rewards program, which now has 4.5 million members. This enhancement allows rewards members to redeem daily perks, such as discounts or free add-ons, that refresh every day. The initiative aims to enhance customer loyalty and appreciation, reflecting the brand's commitment to providing exceptional value. Notably, 54% of Noodles' sales come through digital channels, and **25%** of total sales are driven by rewards members. This growth underscores the effectiveness of their digital innovation and responsiveness to customer needs.
Noodles & Company (NASDAQ: NDLS) has reintroduced its popular Backyard BBQ Chicken Salad nationwide, featuring high-quality ingredients like grilled chicken, mixed greens, and cheddar jack cheese. This salad enhances the brand's better-for-you menu options, which include plant-based and low-carb dishes. The company emphasizes its commitment to customer satisfaction with the Goodness Guarantee, allowing customers to exchange their meal if unsatisfied. New Noodles Rewards members can enjoy promotional points and offers, making this a timely addition to their menu as warmer weather approaches.
Noodles & Company (NDLS) reported strong financial results for Q4 2022, with total revenue rising 18.9% to $136.5 million, driven by a 10.2% increase in comparable restaurant sales for company-owned locations. Net income improved to $1.0 million, or $0.02 per diluted share, compared to a net loss of $4.7 million in Q4 2021. The operating margin expanded to 1.3%, and adjusted EBITDA surged 101.6% to $9.9 million. For FY 2022, total revenue increased 7.2% to $509.5 million, but the company recorded a net loss of $3.3 million. Looking ahead, NDLS expects Q1 2023 revenue between $125 million and $128 million, with restaurant level contribution margins of 12.5% to 12.8%.
Noodles & Company (NASDAQ: NDLS) announced a conference call to discuss its fourth quarter and full year 2022 financial results on March 8, 2023, at 4:30 p.m. ET. CEO Dave Boennighausen and CFO Carl Lukach will lead the call. A press release containing the financial results will be issued after market close the same day. Participants can access the call via a registration link or through a live webcast on the company’s corporate website. An archive of the webcast will be available shortly after the call. With over 450 locations and 9,000 team members, Noodles & Company is committed to delivering a diverse range of noodle dishes to customers.
Noodles & Company (NASDAQ: NDLS) will participate in the Jefferies Annual Winter Summit from January 22-24, 2023, in Beaver Creek, Colorado. A fireside chat featuring the company will be webcast and available on-demand starting January 21, 2023. Investors can access the webcast on the company’s website under the Investor Relations section.
Established in 1995, Noodles & Company boasts over 450 restaurants and around 9,000 team members, offering a variety of noodle dishes including Wisconsin Mac & Cheese and Zoodles. For more information, visit www.noodles.com.
Noodles & Company (NASDAQ: NDLS) will host a fireside chat during the 25th Annual ICR Conference in Orlando, FL, on January 9, 2023, starting at 1:30 PM ET. The discussion will be available for live streaming and archived on the company’s website. Interested participants can access it via the Noodles & Company Investor Relations tab or the ICR Conference website.
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