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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) will hold a conference call on November 3, 2022, at 4:30 p.m. ET to discuss its third quarter 2022 financial results. Hosting the call will be CEO Dave Boennighausen and CFO Carl Lukach. A press release detailing the financial results will be issued after market close that day. Interested parties can join the call via a registration link for personal dial-in details or listen live on the corporate website under the Events & Presentations section. An archive of the call will be available shortly after its conclusion.
Noodles & Company (NDLS) reported a 4.3% increase in total revenue to $131.1 million for Q2 2022, driven by a 5.1% rise in system-wide comparable restaurant sales. Average unit volumes reached a record $1.42 million, up 5.3% year-over-year and 18.3% from Q2 2019. However, net income fell to $1.3 million, or $0.03 per diluted share, down from $5.7 million in Q2 2021. Operating margin declined to 1.4% due to increased inflation costs, and adjusted EBITDA decreased by 19% to $11.2 million. The company plans to open 21-23 new locations in 2022 and has reaffirmed long-term growth targets.
Noodles & Company announces the launch of the 7 Delicious $7 Dishes menu, offering high-quality, made-to-order noodle dishes starting at $7. Available nationwide, the menu includes favorites like Wisconsin Mac & Cheese and Japanese Pan Noodles, designed to provide value amidst rising inflation. Guests, especially Noodles Rewards members, can benefit from exclusive offers, including unlimited free delivery in August. This initiative aims to enhance customer satisfaction by combining quality and affordability, reinforcing Noodles & Company's commitment to delivering 'Uncommon Goodness.'
Noodles & Company (NASDAQ: NDLS) has announced a conference call to discuss its second quarter 2022 financial results on July 27, 2022, at 4:30 p.m. ET. CEO Dave Boennighausen and CFO Carl Lukach will be hosting the call, which follows a press release detailing the company's financial performance that will be issued after the market closes on the same day. Interested parties can register for the call or access a live webcast on the company’s investor relations website.
Noodles & Company (NASDAQ: NDLS) is celebrating National Mac & Cheese Day on July 14 by offering a free small bowl of Wisconsin Mac & Cheese to all Noodles Rewards members with a purchase of a regular entrée. Additionally, every bowl of Mac & Cheese ordered on this day will come with a complimentary side of cheese sauce, marking it as National Mac & Cheese & Cheese Day. With over 450 restaurants, Noodles serves nearly 13 million bowls of its signature dish annually, making it a fan favorite.
Noodles & Company (NASDAQ: NDLS) will host a virtual fireside chat during the Jefferies Consumer Conference, with a webcast available from June 20, 2022. Interested participants can access it via the Noodles & Company website under the 'Investor Relations' tab. Additionally, the company will meet with institutional investors in person on June 22, 2022.
Known for its diverse noodle offerings and commitment to workplace diversity, Noodles & Company has over 450 locations and was recognized as one of America's Best Employers for Diversity in 2021.
Noodles & Company (NASDAQ: NDLS) has introduced LEANguini, a new proprietary noodle, available at over 450 locations nationwide, featuring 56% fewer net carbs and 44% more protein than traditional pasta. Accompanying this launch, the company is testing three new Asian-inspired broth bowls in select markets, including Colorado, Illinois, and Ohio. These menu innovations align with Noodles' commitment to freshness and health-focused options. The new offerings are designed to appeal to evolving consumer preferences, highlighting Noodles' strategic focus on menu innovation.
Noodles & Company (NASDAQ: NDLS) will participate in two upcoming spring conferences, hosting fireside chats in New York City. The first event is at the BMO Global Farm to Market Conference on May 18, 2022, at 1:15 pm ET, which will be webcast live on the company’s website. The second chat will occur at Piper Sandler’s The Year of the Restaurant Industry Summit on June 8, 2022, at 12:50 pm ET. Noodles & Company, known for its diverse noodle offerings, emphasizes its commitment to diversity and community engagement.
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