Noodles & Company ( (NDLS) ) has released its Q4 earnings. Here is a breakdown of the information Noodles & Company presented to its investors.
Noodles & Company is a restaurant chain known for its globally inspired noodle dishes, operating in the fast-casual dining sector with over 460 locations.
In its latest earnings report, Noodles & Company announced a decrease in total revenue for the fourth quarter and fiscal year 2024, alongside a net loss that widened compared to the previous year. Despite these challenges, the company highlighted improvements in sales trends and introduced new menu items as part of its strategy to boost growth.
The fourth quarter of 2024 saw a 2.0% decline in total revenue to $121.8 million, with a net loss of $9.7 million. Comparable restaurant sales showed a slight increase of 0.8% system-wide. For the full fiscal year, total revenue decreased by 2.0% to $493.3 million, and the net loss expanded to $36.2 million. The company also experienced closures of several restaurants but managed to open new ones, reflecting its ongoing efforts to optimize its restaurant portfolio.
Looking ahead, Noodles & Company is optimistic about 2025, expecting revenue between $503 million and $512 million, with mid-single-digit comparable restaurant sales growth. The company plans to continue its strategic initiatives, including a significant menu transformation and increased marketing efforts, aiming to drive profitable growth and enhance customer engagement.
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