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Noodles & Co Q3 comparable sales rises, net loss narrows on menu innovation, cost cuts

By Reuters News


Overview

  • U.S. fast-casual chain's Q3 revenue fell 1%; comparable sales rose 9.5%

  • Net loss narrowed to $2.1 mln from $9.2 mln a year earlier

  • Company cites improved execution, menu innovation, and cost efficiencies for margin gains


Outlook

  • Noodles & Co sees 2026 revenue of $485 mln to $495 mln

  • Company expects 2026 comparable restaurant sales growth of 9.0% to 10.0%

  • Noodles & Co expects 2026 adjusted EBITDA of $35 mln to $37 mln


Result Drivers

  • MENU INNOVATION AND EXECUTION - Co said comparable sales growth was driven by enhanced restaurant execution, new menu offerings, and focused marketing

  • COST EFFICIENCIES AND STORE CLOSURES - Margin gains attributed to improved cost efficiencies and elimination of underperforming restaurants


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$120.9 mln

$117.30 mln (1 Analyst)

Q3 Adjusted Loss Per Share

$0.04

Q3 Loss Per Share

$0.36

Q3 Net Loss

$2.15 mln

Q3 Adjusted EBITDA

Beat

$8.7 mln

$8.40 mln (1 Analyst)

Q3 Comparable restaurant sales Growth

9.50%

Q3 Operating Margin

0.10%


Analyst Coverage

  • The one available analyst rating on the shares is "hold"

  • The average consensus recommendation for the restaurants & bars peer group is "buy."

  • The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 611 three months ago


Reuters Recommended Reads

  • Nov 10 - GEN Restaurant Group Q3 revenue falls 3% on lower restaurant sales

  • Nov 12 - Restaurant operator Arcos Dorados Q3 revenue beats estimates on higher traffic, average spend

  • Nov 10 - Black Rock Coffee Bar Q3 revenue rises on store expansion


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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