NOODLES & Co

For the period ended Mar 31, 2026. Filed May 7, 2026.

About 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.

Mar 31, 2026 · Filed May 7, 2026

NDLS$13.90-1.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except share and per share data, unaudited)

	Fiscal Quarter Ended
	March 31,2026	April 1,2025
Revenue:
Restaurant revenue	$121,440	$121,326
Franchising royalties and fees, and other	2,346	2,468
Total revenue	123,786	123,794
Costs and expenses:
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):
Cost of sales	30,893	32,293
Labor	36,410	39,396
Occupancy	10,354	11,494
Other restaurant operating costs	25,712	25,656
General and administrative	12,514	12,810
Depreciation and amortization	5,981	7,090
Pre-opening	—	151
Restaurant impairments, closure costs and asset disposals	2,734	1,291
Total costs and expenses	124,598	130,181
Loss from operations	(812)	(6,387)
Interest expense, net	2,598	2,647
Loss before income taxes	(3,410)	(9,034)
Provision for income taxes	7	23
Net loss	$(3,417)	$(9,057)
Loss per Class A and Class B common stock, combined
Basic and diluted (1)	$(0.58)	$(1.58)
Weighted average shares of Class A and Class B common stock outstanding, combined
Basic and diluted (1)	5,861,370	5,722,919

(1)Shares and per share amounts have been retroactively adjusted to reflect the decreased number of shares resulting from a 1-for-8 reverse stock split effectuated on February 18, 2026.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.