Noodles & Co
NASDAQ:NDLS
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Noodles & Co
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Noodles & Co
Noodles & Co. engages in the operation of fast-casual restaurants which offers lunch and dinner meals. The company is headquartered in Broomfield, Colorado and currently employs 8,000 full-time employees. The company went IPO on 2013-06-28. The firm develops and operates fast-casual restaurants. The firm's menu includes a variety of cooked-to-order dishes, including noodles and pasta, salads, soups and appetizers. The firm offers over 20 globally inspired dishes together on a single menu that is served in its restaurants, taken to-go, or delivered to its customers. The firm operates approximately 448 restaurants in 29 states, which includes 372 company locations and 76 franchise locations. The firm's restaurants are located in Arizona, California, Colorado, Connecticut, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky and Maryland.
Noodles & Co. engages in the operation of fast-casual restaurants which offers lunch and dinner meals. The company is headquartered in Broomfield, Colorado and currently employs 8,000 full-time employees. The company went IPO on 2013-06-28. The firm develops and operates fast-casual restaurants. The firm's menu includes a variety of cooked-to-order dishes, including noodles and pasta, salads, soups and appetizers. The firm offers over 20 globally inspired dishes together on a single menu that is served in its restaurants, taken to-go, or delivered to its customers. The firm operates approximately 448 restaurants in 29 states, which includes 372 company locations and 76 franchise locations. The firm's restaurants are located in Arizona, California, Colorado, Connecticut, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky and Maryland.
Comparable Sales Growth: Noodles & Company reported a 4% increase in comparable sales for Q3 2025, with momentum accelerating to an 8% comp sales increase in October, well above industry averages.
Revenue Decline: Total Q3 revenue was $122.1 million, down 0.5% from the prior year.
Profitability Improvement: Restaurant-level margins rose to 13.2%, and adjusted EBITDA grew by 33% to $6.5 million, aided by menu initiatives and cost controls.
Underperforming Store Closures: The company closed 29 company-owned restaurants through October and expects the closures to improve 2026 restaurant-level contribution by over $2 million.
Digital & Delivery Strength: Third-party delivery sales jumped 12%, and digital channels continue to drive growth and guest engagement.
Raised Full-Year Guidance: Management raised 2025 guidance for comp restaurant sales growth to 3.6%–4.2% and expects total revenue of $492–495 million.
Strategic Review: The Board initiated a review of strategic alternatives, including possible financial transactions or refinancing, with no decisions yet made.
