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Noodles & Company (NDLS) investor relations material
Noodles & Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 4% comparable sales growth in Q3, with momentum accelerating to 8% in October, outperforming fast casual benchmarks despite a challenging consumer environment.
Digital sales, especially third-party delivery, grew 12% year-over-year, and loyalty program engagement increased, supporting sales and brand relevance.
Strategic initiatives, including new menu items and the Delicious Duos value platform, drove guest enthusiasm and repeat visits.
Closed underperforming restaurants, transferring about 30% of sales to nearby units, improving profitability and operational efficiency.
Net loss widened to $9.2 million ($0.20 per diluted share) due to $5.3 million in pre-tax restaurant impairments related to planned closures, while adjusted EBITDA increased 32.7% to $6.5 million.
Financial highlights
Total revenue for Q3 decreased 0.5% year-over-year to $122.1 million.
System-wide comparable restaurant sales increased 4.0% in Q3; company-owned up 4.0%, franchise up 4.3%.
Company average unit volumes rose to $1.34 million.
Restaurant-level margin improved to 13.2% from 12.8% in Q3 2024.
Available cash and cash equivalents stood at $4.7 million, with $109.8 million in outstanding debt and $12.2 million available under the revolving credit facility.
Outlook and guidance
Full-year 2025 revenue expected at $492–$495 million, with comp sales growth of 3.6%–4.2%.
Restaurant contribution margin guidance: 12.3%–12.7%.
G&A expenses projected at $48–$49 million; capex at $12–$13 million.
Two new company-owned restaurants to open, while 31–34 company-owned and 7–8 franchise restaurants are expected to close.
Strategic closures of underperforming restaurants expected to improve 2026 restaurant-level contribution by over $2 million.
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