Noodles & Company (NDLS) Tops Q4 EPS by 2c, Offers Outlook

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Noodles & Company Announces Fourth Quarter and Fiscal Year 2017 Financial Results

March 14, 2018 4:05 PM EDT

BROOMFIELD, Colo., March 14, 2018 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for the fourth quarter and fiscal year ended January 2, 2018.

Key highlights for the fourth quarter of 2017 compared to the same quarter of 2016 include:

Total revenue decreased 12.8% to $112.8 million from $129.4 million, due primarily to the closure of 55 restaurants during the first quarter of 2017 and an additional operating week in 2016.Net loss was $0.5 million, or $0.01 loss per diluted share, compared to net loss of $45.4 million, or $1.63 loss per diluted share.(1)Adjusted EBITDA(3) increased 26.4% to $8.6... More