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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 launched its new brand positioning, Uncommon Goodness, to enhance guest experiences and team member benefits. This initiative reflects the company’s commitment to quality ingredients and community impact. Key highlights include the introduction of LEANguini, a low-carb, high-protein noodle, exclusively for Noodles Rewards members until May 18, 2022. Additionally, new team member benefits aimed at promoting diversity and inclusion were announced, including financial support for immigration and mental health initiatives.
Noodles & Company (NDLS) reported a 2.7% increase in total revenue to $112.6 million for Q1 2022, driven by a 6.4% growth in comparable restaurant sales. Company average unit volumes experienced a significant rise, reaching $1.35 million in March. However, net loss widened to $6.4 million, resulting in a loss of $0.14 per diluted share. Operating margin fell to (5.4)%, primarily due to inflationary costs. Looking ahead, the company expects Q2 revenue between $130 million and $133 million and plans approximately 35 new restaurant openings in 2022.
Noodles & Company (NASDAQ: NDLS) will host a conference call on April 27, 2022, at 4:30 p.m. ET to discuss its Q1 2022 financial results. CEO Dave Boennighausen and CFO Carl Lukach will lead the discussion. A press release detailing financial results will be available after market close on the same day. The live call can be accessed via phone or webcast, with a replay available until May 5, 2022.
Noodles & Company operates over 450 restaurants and has received accolades for its workplace culture and diversity initiatives.
Noodles & Company has launched Impossible™ Panko Chicken, a new plant-based protein option available in select cities, including Colorado, Oregon, and Washington. This offering will be featured in the Impossible™ Orange Chicken Lo Mein dish and can be added to any menu item. The product boasts 13g of protein, 0mg cholesterol, and 2g of saturated fat per serving, made without antibiotics or hormones. This addition follows the positive reception of other health-conscious options like LEANguini and aims to cater to plant-based diets, promoting environmental benefits through reduced land and water use.
Noodles & Company (NASDAQ: NDLS) celebrates International Women's Day on March 8, 2022, by offering a free shareable for Noodles Rewards members. This initiative aims to connect and recognize women in their lives across 450+ locations in the U.S. The company boasts significant leadership representation, with 54% women in operations and 50% in executive roles, exceeding national averages. Noodles promotes a diverse environment with an industry-leading benefits program supporting women, including enhanced parental leave and financial assistance for adoption and surrogacy.
Noodles & Company (NDLS) reported a 20.7% revenue increase for FY 2021, totaling $475.2 million, driven by a 22.1% rise in comparable restaurant sales. Q4 revenue grew 7.1% to $114.8 million, with company average unit volumes reaching $1.31 million. Net income was $3.7 million, a significant turnaround from a $23.3 million loss in 2020. The company projects 8% unit growth in 2022 and 10% annually thereafter, with a revised AUV target of $1.5 million by 2024. Challenges noted include impacts from the Delta variant and staff shortages, but management remains confident in growth potential.
Noodles & Company (NASDAQ: NDLS) has launched two new salads—Asian Apple Citrus Salad with Chicken and Mexican Street Corn Salad with Chicken—across all 450 locations after successful testing last summer. This addition complements existing salads and caters to diverse dietary preferences. The company promotes a Goodness Guarantee, allowing customers to replace any dish if not satisfied. Noodles also offers a rewards program with incentives for trying the new salads. The initiative reflects the brand's commitment to innovation and customer satisfaction.
Noodles & Company (NASDAQ: NDLS) will host a conference call on February 23, 2022, at 4:30 p.m. ET to discuss its Q4 and full-year 2021 financial results. CEO Dave Boennighausen and CFO Carl Lukach will lead the call. A press release with financial results will be issued after market close on the same day. The conference call can be accessed via phone or streamed live from the company's website. A replay will be available until March 2, 2022.
Noodles & Company (NASDAQ: NDLS) has announced a franchise partnership with Warner Foods, committing to develop 40 new locations in California over 12 years. The agreement will also see the re-franchising of 15 existing locations to Warner Foods, which will operate as NorCal Noodles, LLC. Expected to close on January 12, 2022, this deal marks a growth phase for Noodles & Company, aiming for seven to nine new openings in Q1 2022 and projected annual growth of 10% beyond 2022.
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