UBS Cuts Price Target on Noodles & Company (NDLS) to $12; Reiterates Neutral
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Noodles & Company Announces First Quarter 2016 Financial Results
May 3, 2016 4:07 PM EDTBROOMFIELD, Colo., May 03, 2016 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced financial results for its first quarter ended March 29, 2016.
Key highlights for the first quarter of 2016 versus the same quarter a year ago include:
Total revenue increased 7.8% to $114.0 million from $105.8 million.Comparable restaurant sales were flat for company-owned restaurants, decreased 0.5% for franchise restaurants and decreased 0.1% system-wide.Comparable traffic at company-owned restaurants, normalized for the Easter holiday shift, declined 0.7%, a 60 bps improvement from the 4th quarter of 2015.Fifteen new restaurants opened system-wide in the first... MoreNoodles & Company Celebrates Moms, Dads and Grads With Special Gift Card Promotion
May 2, 2016 8:02 AM EDTBROOMFIELD, Colo., May 02, 2016 (GLOBE NEWSWIRE) -- Noodles & Company, serving classic noodle and pasta dishes from around the world, today announced the launch of a gift card promotion to celebrate moms, dads and grads throughout the spring season of giving now through June 30. Â For each $25 gift card purchased, guests will receive a $5 Gift Giver Bonus Card that can be used online at... More
