Noodles & Company (NDLS) Reports In-Line Q2 EPS ; Offers Guidance

Noodles & Company (NASDAQ: NDLS) reported Q2 EPS of ($0.05), in-line with the analyst estimate of ($0.05). Revenue for the quarter came in at $127.4 million versus the consensus estimate of $130.7 million.

GUIDANCE:

Noodles & Company sees FY2024 revenue of $495-505 million, versus the consensus of $513.8 million.

Restaurant level contribution margins of 13.5% to 14.5%;
General and administrative expenses of $50 million to $53 million, inclusive of stock-based compensation expense of approximately $4.5 million;
Depreciation and amortization of $30 million to $32 million;
Net interest expense of $8 million to $9 million;
New restaurant openings: approximately 10 company-owned and 3 franchise-owned; and
Capital expenditures of $28 million to $32 million.

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

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