Noodles & Company Announces Second Quarter 2019 Financial Results
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Noodles & Company (NDLS) Tops Q2 EPS by 1c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Below Consensus, FY19 Revenue Mid-Point Guidance Above Consensus
August 6, 2019 5:34 PM EDTNoodles & Company (NASDAQ: NDLS) reported Q2 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $120 million versus the consensus estimate of $117.72 million.
Total revenue increased 2.4% to $120.2 million from $117.4 million, primarily due to the increase in comparable restaurant sales.Comparable restaurant sales increased 4.6% system-wide, comprised of a 4.8% increase at company-owned restaurants and a 3.7% increase at franchise restaurants.Net income was $0.4 million, or $0.01 per diluted share, compared to a... More