Noodles & Company (NASDAQ:NDLS) Announces Quarterly Earnings Results, Beats Expectations By $0. 23 EPS
Noodles & Company (NASDAQ:NDLS - Get Free Report) announced its earnings results on Friday. The restaurant operator reported $0. 18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0. 05) by $0. 23. The firm had revenue of $127. 04 million for the quarter, compared to analyst estimates of $119. 40 million.
Noodles & Company (NASDAQ:NDLS-Get Free Report) released its quarterly earnings data on Friday. The restaurant operator reported $0. 18 earnings per share for the quarter, topping the consensus estimate of ($0. 05) by $0. 23,FiscalAIreports. The business had revenue of $127. 04 million for the quarter, compared to analyst estimates of $119. 40 million. Noodles & Co Stock is a Tasty Turnaround PlayHere are the key takeaways from Noodles & Company's conference call:Noodles reported one of its strongest quarterly performances as a public company, withrestaurant-level marginexpanding more than 400 basis points year over year to 17. 2% andadjusted EBITDAup 79% to $10. 8 million. Comparable sales remained strong, with system-wide comp sales up 10. 3% in Q2 and company-owned comps up 11. 4%; management also said Q3-to-date company-owned comps are running about 10% higher. Menu innovation is gaining traction, especially Asian-inspired items like Indonesian Peanut Saute and Chili Garlic Ramen, which drove a 42% increase in Asian category mix and attracted many new guests. Management said its more disciplined marketing strategy is working, with digital channel comparable sales up 18% and media impressions nearly doubling on only about a 6% increase in spend. The company raised full-year 2026 guidance for revenue, margin, and adjusted EBITDA, and expects debt to fall to at or below3x adjusted EBITDAby year-end through free cash flow and continued portfolio optimization. GetNoodles & Companyalerts:Noodles & Company Price PerformanceShares ofNDLStraded up $3. 50 during trading hours on Friday, reaching $15. 85. 225,484 shares of the company's stock traded hands, compared to its average volume of 62,860. Noodles & Company has a twelve month low of $3. 57 and a twelve month high of $16. 41. The business's fifty day simple moving average is $12. 91 and its two-hundred day simple moving average is $9. 28. The firm has a market capitalization of $93. 38 million, a price-to-earnings ratio of -2. 48 and a beta of 1. 38. Wall Street Analysts Forecast GrowthA number of analysts have recently weighed in on NDLS shares. Weiss Ratingsreiterated a "sell (d-)" rating on shares of Noodles & Company in a research report on Monday, July 6th. Wall Street Zenupgraded Noodles & Company from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat. com, Noodles & Company presently has an average rating of "Reduce". Get Our Latest Report on NDLSHedge Funds Weigh In On Noodles & CompanyA number of institutional investors and hedge funds have recently bought and sold shares of NDLS. Goldman Sachs Group Inc. increased its stake in Noodles & Company by 331. 0% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,666 shares of the restaurant operator's stock valued at $121,000 after buying an additional 84,987 shares during the period. Jane Street Group LLC bought a new position in shares of Noodles & Company in the first quarter valued at approximately $41,000. Geode Capital Management LLC boosted its holdings in shares of Noodles & Company by 7. 6% in the fourth quarter. Geode Capital Management LLC now owns 389,421 shares of the restaurant operator's stock valued at $275,000 after acquiring an additional 27,384 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Noodles & Company by 34,246. 2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 49,802 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 49,657 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Noodles & Company by 35. 7% during the fourth quarter. Renaissance Technologies LLC now owns 93,500 shares of the restaurant operator's stock valued at $66,000 after acquiring an additional 24,600 shares during the period. Institutional investors own 65. 67% of the company's stock. About Noodles & Company(Get Free Report)Noodles & Company is an American fast-casual restaurant chain that specializes in a variety of noodle and pasta dishes inspired by global cuisines. Its menu features signature entrees such as the Wisconsin Mac & Cheese and Japanese Pan Noodles, alongside soups, salads, shareable sides and seasonal offerings. The brand emphasizes fresh ingredients, customizable meals and a quick-service format designed to accommodate dine-in, takeout and digital ordering channels. The company was founded in 1995 by Aaron Kennedy in Boulder, Colorado, with the aim of introducing a diverse noodle-centric menu to the American market. See AlsoFive stocks we like better than Noodles & CompanyCrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the TestPlugging In: How Kinder Morgan Powers Up ProfitsFreeport McMoRan Post-Earnings: Why Good Enough May Finally Be Good EnoughTSMC’s Price Hikes Could Show Which AI Chip Stocks Have Real Pricing PowerThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Should You Invest $1,000 in Noodles & Company Right Now?Before you consider Noodles & Company, you'll want to hear this. 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