Noodles & Company is a fast-casual restaurant chain that offers a diverse menu centered around noodles, pasta dishes, and globally inspired cuisine
With a focus on high-quality ingredients and fresh preparations, the company serves a variety of meals ranging from classic spaghetti and meatballs to Asian-inspired stir-fried noodles, catering to a broad audience that includes both vegetarians and those seeking gluten-free options. In addition to its signature dishes, Noodles & Company emphasizes a casual dining experience with a fast, efficient service model, aiming to deliver flavorful meals in a welcoming atmosphere.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how modern fast food stocks fared in Q3, starting with Sweetgreen (NYSESG).
Noodles & Company (NASDAQNDLS) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved -4.38% on the day to $2.08.
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Shares of casual restaurant chain Noodles & Company (NASDAQNDLS)
fell 16.1% in the morning session after the company reported weak third-quarter earnings. Its revenue, EBITDA, and EPS missed expectations, and it lowered the full-year revenue guidance. Same store sales fell 3.3% year on year as a 5.8% decline in company-owned restaurant traffic more than offset price increases.
Casual restaurant chain Noodles & Company (NASDAQNDLS) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 4% year on year to $122.8 million. The company’s full-year revenue guidance of $491 million at the midpoint came in 1.6% below analysts’ estimates. Its non-GAAP loss of $0.12 per share was also 112% below analysts’ consensus estimates.
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