Jefferies Remains Sidelined on Noodles & Company (NDLS) - PT to $5
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Noodles & Company Announces Third Quarter 2016 Financial Results
November 3, 2016 4:07 PM EDTBROOMFIELD, Colo., Nov. 03, 2016 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced financial results for its third quarter ended September 27, 2016.
Key highlights for the third quarter of 2016 versus the same quarter a year ago include:
Total revenue increased 4.6% to $122.7 million from $117.3 million.Net loss was $9.8 million in each of the third quarters of 2016 and 2015, or $0.35 loss per diluted share. During the third quarter of 2016, the Company recorded $7.2 million of pre-tax charges related to a litigation settlement, severance costs, and expenses related to a reduction... More