Noodles & Company Announces First Quarter 2019 Financial Results
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Noodles & Company (NDLS) Tops Q1 EPS by 2c, Revenues Beat, Comp. Sales Up 3%; Raises FY19 EPS/Revenue Guidance Above Consensus
May 9, 2019 4:39 PM EDTNoodles & Company (NASDAQ: NDLS) reported Q1 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $110 million versus the consensus estimate of $108.83 million.
Total revenue decreased 0.4% to $110.0 million from $110.5 million, primarily due to the lower restaurant count.Comparable restaurant sales increased 3.0% system-wide, comprised of a 3.0% increase at company-owned restaurants and a 2.8% increase at franchise restaurants.Net loss was $1.9 million, or $0.04 loss per diluted share, compared to a net loss of $3.6 million, or $0.09 loss per diluted share.Adjusted net loss(1) was $1.2 million, or $0.03... More