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Stock impact report

Noodles & Company Announces Third Quarter 2024 Financial Results

Noodles & Company (NDLS) 
Last noodles & company earnings: 2/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: noodles.com
Company Research Source: GlobeNewswire
BROOMFIELD, Colo., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for its third quarter ended October 1, 2024. Key highlights for the third quarter of 2024 versus the third quarter of 2023 include: Total revenue decreased 4.0% to $122.8 million from $127.9 million in the third quarter of 2023.Comparable restaurant sales decreased 3.3% system-wide, comprised of a 3.4% decrease at company-owned restaurants and a 2.9% decrease at franchise restaurants.Net loss was $6.8 million, or $0.15 loss per diluted share, compared to net income of $0.7 million, or $0.02 earnings per diluted share, in the third quarter of 2023.Operating margin was (3.9)% compared to 1.6% in the third quarter of 2023.Restaurant contribution margin(1) was 12.8% compared to 16.4% in the third quarter of 2023.Adjusted EBITDA(1) was $4.9 million compared to $10.9 million in the third quarter of 2023.Three new company-owned restaurants and one new franchise restaura Show less Read more
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