Noodles & Company (NDLS) Reports In-Line Q3 EPS, Slight Miss on Revenues; Offers FY17 Revenue Mid-Point Guidance Below Consensus

Noodles & Company (NASDAQ: NDLS) reported Q3 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $114.2 million versus the consensus estimate of $114.46 million.

2017 Outlook

Exclusive of restaurant openings and restaurant contribution margin, the Company has revised guidance and currently expects the following for full year 2017:

• Approximately 16 new restaurants system-wide, including 13 company-owned restaurants and three franchised locations;
• Total revenue of $452.0 million to $458.0 million;
• Company-owned comparable restaurant sales decline of 3.0% to 3.5%;
• Restaurant contribution margin of 13.5% to 14.5%;
• Adjusted EBITDA of $28.0 million to $30.0 million;
• Adjusted net loss of $1.5 million to $2.0 million; and
• Capital expenditures of $20.0 million to $22.0 million

2017 Outlook

Exclusive of restaurant openings and restaurant contribution margin, the Company has revised guidance and currently expects the following for full year 2017:

• Approximately 16 new restaurants system-wide, including 13 company-owned restaurants and three franchised locations;
• Total revenue of $452.0 million to $458.0 million;
• Company-owned comparable restaurant sales decline of 3.0% to 3.5%;
• Restaurant contribution margin of 13.5% to 14.5%;
• Adjusted EBITDA of $28.0 million to $30.0 million;
• Adjusted net loss of $1.5 million to $2.0 million; and
• Capital expenditures of $20.0 million to $22.0 million

GUIDANCE:

Noodles & Company sees FY2017 revenue of $452-458 million, versus the consensus of $457.22 million.

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

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• After-Hours Stock Movers: FDX, CBRS, NKE
• Bernstein SocGen Group Reiterates Outperform Rating on Hermes International (RMS:FP) (HESAY) after cautious commentary