Noodles & Company has executed a genuine turnaround, with traffic, unit volumes, and margins all improving despite a shrinking restaurant base. NDLS's earnings recovery relies almost entirely on margin expansion, as consolidated revenue remains flat due to ongoing restaurant closures. Valuation appears fair at ~10x forward EBITDA and ~40x expected 2027 earnings, given operational progress but persistent balance sheet and refinancing risks.
Noodles & Company NASDAQ: NDLS reported second-quarter 2026 revenue of $127 million, up $600,000 from a year earlier, as double-digit comparable restaurant sales growth largely offset the impact of restaurant closures. The company also raised its full-year outlook for revenue, restaurant contribution margin and adjusted EBITDA.
Noodles & Company (NDLS) Q4 2025 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| ABB Alexander Bjornager Bonde Danske Bank A/S | 1 | $8.55 | $13.61 | $5.06 | 59.18% |
Hui Fai Tam Caitong International Asset Management Co. Ltd. | 78 | $667.33 | $1,001.13 | $333.8 | 50.02% |
| Hotels, Restaurants & Leisure Industry | Consumer Discretionary Sector | Joseph D. Christina CEO | NASDAQ (NGS) Exchange | 65540B303 CUSIP |
| US Country | 6,500 Employees | - Last Dividend | 18 Feb 2026 Last Split | 28 Jun 2013 IPO Date |
Noodles & Company is a distinctive restaurant concept firm that was established in 1995 and is headquartered in Broomfield, Colorado. The company has pioneered in developing and operating fast-casual dining experiences, focusing on a diverse menu that primarily features noodles and pasta, among other offerings. It has expanded its operations through a mix of company-owned and franchise locations, adhering to a business model that emphasizes cooked-to-order dishes and a welcoming, casual dining atmosphere. The brand's commitment to fast, fresh, and customizable meal options has made it a popular choice among a wide demographic of customers seeking quality food in an enjoyable setting.
Noodles & Company offers a vast selection of noodles and pasta dishes that cater to various tastes and dietary preferences, including classic Italian favorites, Asian-inspired dishes, and innovative creations that merge flavors from different cuisines. Each dish is cooked to order, ensuring that customers enjoy a fresh, personalized dining experience every time.
Alongside its signature noodle dishes, the restaurant features a variety of soups. These soups are crafted with fresh ingredients and time-tested recipes to provide comforting, nourishing options for patrons looking for something warm and satisfying.
Understanding the growing demand for healthier dining options, Noodles & Company also offers a selection of salads. These salads are designed to complement the main course or serve as a standalone meal, featuring fresh vegetables, premium toppings, and house-made dressings for a flavorful, nutritious option.
To round out its menu, the company provides a range of appetizers that are perfect for kicking off a meal or enjoying as a snack. From shareable platters to single-serve portions, the appetizers at Noodles & Company add an extra layer of enjoyment to the dining experience, allowing customers to sample a variety of tastes and textures.