Noodles & Company (NDLS) Misses Q2 EPS by 2c; Comps Fall 0.1%
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Noodles & Company Announces Second Quarter 2015 Financial Results
August 6, 2015 4:00 PM EDTBROOMFIELD, Colo., Aug. 6, 2015 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced financial results for its second quarter ended June 30, 2015.
Key highlights for the second quarter of 2015 versus the same quarter a year ago include:
Total revenue increased 15.9% to $115.2 million from $99.5 million. Comparable restaurant sales increased 0.1% for company-owned restaurants, decreased 0.5% for franchise restaurants and were flat system-wide. Restaurant contribution margin decreased to 18.6% from 20.4%. 17 new restaurants opened system-wide in the second quarter, including 11 company-owned and six franchise restaurants. GAAP net income decreased to $3.1 million from $3.5 million.... More