Noodles & Co (NDLS) reported earnings on 5 May 2015

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Noodles & Co (NDLS) reported earnings on 19 February 2015

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Noodles & Co (NDLS) : 14-month performance

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The trading disaster that is Noodles & Co. (NDLS) was holding to form early Thursday, plunging 21% after another weaker-than-expected quarterly report delivered further misery to anyone owning the shares.

Following its fourth consecutive quarterly sales shortfall and a reduced outlook for the full year, the stock was losing $5.24 to $19.97, its lowest price since it started trading 14 months ago.

Investors had viewed Noodles' debut as that of a restaurant with the opportunity -- possibly -- to be "the next Chipotle." Instead, they've gotten little but distress if they've been with the name for any time aside from brief, fortunate upward spurts. The stock opened for trading at $32 after its June 2013 IPO, rising to $51.97 days later. It's been stepping lower since, but the current decline would be the worst trading day it's had. Previously, its largest single-day drop was a 13.7% fall on April 30, after disappointing first-quarter earnings.

Even before the latest decrease, shares were down 29.4% in 2014. At this point, they're 61% below their peak.

For the second quarter, revenue did climb 11.5% from the year-earlier period to $99.5 million, the Broomfield, Colo.-based noodle seller said. However, analysts were expecting $103.3 million, according to FactSet. In the five quarters Noodles has reported as a public company, it only surpassed revenue estimates the first time. Meanwhile, adjusted earnings of 12 cents a share missed the consensus of 15 cents and were down a penny from last year. Same-store sales fell 0.6% at company-owned restaurants.

Noodles has now opened 25 company stores through the first half, compared with a goal of 45 to 50 for the entire year, so it says the high end is within reason. Also, five franchised locations have opened. The company has said it believes it can eventually have 2,500 stores, up from 410 operating today, most of which are corporate-owned.

Noodles & Co (NDLS) reported earnings on Wed 26 February 2014

reported earnings wed 2/26/14 after close
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** after Q4 earnings **

• Shares of Noodles (NDLS) fall off after the company misses analyst estimates by a penny with its Q4 profit.
• System-wide comparable restaurant sales were up 3.9% during the period.
• The company warns Q1 revenue will be lower due to extreme winter weather and EPS will take a $0.03 hit.
• In 2014, Noodles expects to open 42-50 company owned restaurants and 10-15 franchise outlets.

Noodles & Company (NDLS) began trading on the NASDAQ on 28 June 2013

• 6/28/13 : The fast-casual restaurant chain opened up 78% at $32 a share Friday after pricing a day earlier at $18 a share. By midday in New York, the stock price had more than doubled to $37.69 a share.
• Noodles & Co. sold nearly 5.4 million shares, raising $96.4 million. It may still sell additional shares to underwriters. 
• This even after Noodles & Co. boosted its expected price range earlier this week to $15 to $17 a share after saying last week that it anticipated a range of $13 to $15 a share.

Description

Noodles & Company is a casual restaurant concept offering lunch and dinner. The Company offers noodle and pasta dishes, staples of many cuisines, with the goal of delivering fresh ingredients and flavors globally under one roof from Pad Thai to Mac & Cheese. The Company’s globally inspired menu includes a variety of cooked-to-order dishes, including noodles and pasta, soups, salads and sandwiches, which are served on china by its friendly team members. As of May 28, 2013, including the 16 Company owned restaurants and one franchise restaurant opened in 2013. The Company opened 39 new company owned restaurants and six franchise restaurants. In 2012, the Company began using Your World Kitchen to describe the breadth of its offering and its customers' dining experience.

Address

Suite D, 520 Zang Street
BROOMFIELD, CO 80021
United States