Piper Jaffray Cuts Price Target on Noodles & Company (NDLS) to $6; Reiterates Underweight
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Noodles & Company Announces Second Quarter 2016 Financial Results
August 4, 2016 4:06 PM EDTBROOMFIELD, Colo., Aug. 04, 2016 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced financial results for its second quarter ended June 28, 2016.
Key highlights for the second quarter of 2016 versus the same quarter a year ago include:
Total revenue increased 5.4% to $121.4 million from $115.2 million.Comparable restaurant sales decreased 0.9% for company-owned restaurants, decreased 2.1% for franchise restaurants and decreased 1.0% system-wide.Nine new restaurants opened system-wide in the second quarter, including eight company-owned restaurants and one franchise restaurant.Net loss was $14.1 million... More