Noodles & Company (NDLS) Reports In-Line Q1 EPS

Noodles & Company (NASDAQ: NDLS) reported Q1 EPS of ($0.08), in-line with the analyst estimate of ($0.08). Revenue for the quarter came in at $116.7 million versus the consensus estimate of $115.34 million.

• Total revenue increased 2.4% to $116.7 million from $114.0 million.
• Net loss was $26.8 million for the first quarter of 2017, and net loss attributable to common stockholders (further reduced by the accretion of the preferred stock to its redemption value) was $27.8 million or $0.99 loss per diluted share, compared to net loss of $2.4 million, or $0.09 loss per diluted share in the first quarter of 2016. During the first quarter of 2017, the Company recorded $19.9 million of charges related to the closure of 55 restaurants and $1.9 million of charges related to the impairment of four restaurants.
• Adjusted net loss(1) was $2.5 million, or $0.08 loss per diluted share, compared to adjusted net loss of $1.7 million, or $0.06 loss per diluted share.
• Adjusted EBITDA(1) decreased to $3.8 million from $5.4 million.
• Comparable restaurant sales decreased 2.0% system-wide, decreased 2.5% for company-owned restaurants and increased 1.1% for franchise restaurants.
• Eight new restaurants opened system-wide in the first quarter of 2017, including seven company-owned restaurants and one franchise restaurant.

For earnings history and earnings-related data on Noodles & Company (NDLS) click here.

You May Also Be Interested In

• Korn Ferry (KFY) Tops Q4 EPS by 2c, Beats on Revenue; Offers Q1 Guidance
• Kroger (KR) Reports In-Line Q1 EPS, Beats on Revenue; Offers FY27 EPS Guidance
• Primoris cuts 2026 outlook on renewables cost overruns, COO exits