Noodles & Company (NASDAQ: NDLS) reported Q2 EPS of $0.01, $0.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $112.8 million versus the consensus estimate of $113.98 million.

Comparable restaurant sales decreased 3.4% system-wide, decreased 3.9% for company-owned restaurants and decreased 0.4% for franchise restaurants.

2017 Outlook

With the exception of revisions to the outlook for restaurant openings and capital expenditures, the Company is maintaining prior guidance and currently expects the following for full year 2017:

• Approximately 17 new restaurants system-wide, including 13 company-owned restaurants and four franchised locations;
• Total revenue of $458.0 million to $468.0 million;
• Company-owned comparable restaurant sales decline of low-single-digits;
• Restaurant level contribution margin of 13.5% to 14.5%;
• Adjusted EBITDA of $31.0 million to $35.0 million;
• Flat adjusted net income; and
• Capital expenditures of $19.0 million to $23.0 million

For earnings history and earnings-related data on Noodles & Company (NDLS) click here.