Noodles & Company (NDLS) Misses Q3 EPS by 7c; Guides Well Below the Street
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Noodles & Company Announces Third Quarter 2015 Financial Results
November 5, 2015 7:01 AM ESTBROOMFIELD, Colo., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced financial results for its third quarter ended September 29, 2015. The Company also announced the planned closure of 16 restaurants by the end of fiscal year 2015 as part of a strategic review of its real estate portfolio.
Key highlights for the third quarter of 2015 versus the same quarter a year ago include:
Total revenue increased 10.5% to $117.3 million from $106.2 million. Comparable restaurant sales decreased 0.7% for company-owned restaurants, decreased 1.9% for franchise restaurants and decreased 0.9% system-side. Restaurant contribution margin decreased to 15.2% from 18.4%.... More