NOODLES & Co
For the period ended Oct 1, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 1, 2024 · Filed Nov 7, 2024
NDLS$13.90-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(in thousands, except share and per share data, unaudited)
| Fiscal Quarter Ended | Three Fiscal Quarters Ended | |||
|---|---|---|---|---|
| October 1,2024 | October 3,2023 | October 1,2024 | October 3,2023 | |
| Revenue: | ||||
| Restaurant revenue | $120,163 | $125,208 | $363,897 | $370,829 |
| Franchising royalties and fees, and other | 2,588 | 2,646 | 7,600 | 8,256 |
| Total revenue | 122,751 | 127,854 | 371,497 | 379,085 |
| Costs and expenses: | ||||
| Restaurant operating costs (exclusive of depreciation and amortization shown separately below): | ||||
| Cost of sales | 30,665 | 31,457 | 91,223 | 93,182 |
| Labor | 38,423 | 39,139 | 115,791 | 118,626 |
| Occupancy | 11,543 | 11,500 | 34,985 | 34,351 |
| Other restaurant operating costs | 24,124 | 22,558 | 71,514 | 69,163 |
| General and administrative | 12,892 | 11,864 | 39,503 | 37,968 |
| Depreciation and amortization | 7,248 | 6,626 | 21,985 | 19,313 |
| Pre-opening | 454 | 541 | 1,422 | 1,642 |
| Restaurant impairments, closure costs and asset disposals | 2,202 | 2,135 | 15,488 | 5,313 |
| Total costs and expenses | 127,551 | 125,820 | 391,911 | 379,558 |
| (Loss) income from operations | (4,800) | 2,034 | (20,414) | (473) |
| Interest expense, net | 2,082 | 1,186 | 6,058 | 3,201 |
| (Loss) income before taxes | (6,882) | 848 | (26,472) | (3,674) |
| (Benefit from) provision for income taxes | (127) | 148 | 48 | 45 |
| Net (loss) income | $(6,755) | $700 | $(26,520) | $(3,719) |
| (Loss) earnings per Class A and Class B common stock, combined | ||||
| Basic | $(0.15) | $0.02 | $(0.58) | $(0.08) |
| Diluted | $(0.15) | $0.02 | $(0.58) | $(0.08) |
| Weighted average shares of Class A and Class B common stock outstanding, combined: | ||||
| Basic | 45,639,662 | 45,935,305 | 45,389,989 | 46,166,320 |
| Diluted | 45,639,662 | 46,008,651 | 45,389,989 | 46,166,320 |
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