Noodles & Company (NDLS) Misses Q4 EPS by 1c; Comps Rose 1.3%
Noodles & Company (NASDAQ: NDLS) reported Q4 EPS of $0.13, $0.01 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $108.5 million versus the consensus estimate of $110.1 million.
Comparable restaurant sales increased 1.3% for company-owned restaurants, 1.5% for franchise restaurants and 1.3% system-wide.
or 2015, management expects the following:
- 12% to 14% unit growth system-wide;
- 2.5% to 4.0% comparable restaurant sales growth;
- Restaurant level contribution margin of 19.0% to 19.5%;
- Adjusted diluted earnings per share growth of approximately 20%; and
- An estimated tax rate of approximately 39%.
The sensitivity of the Company's earnings per diluted share for fiscal year 2015 is estimated at the following:
- For each 1.0% change in guest counts, approximately $0.04 annualized;
- For each 10 basis point change in restaurant level contribution margin, approximately $0.01 annualized; and
- For each $500,000 in pre-tax income or expense, approximately $0.01.
For earnings history and earnings-related data on Noodles & Company (NDLS) click here.
