Noodles & Company Announces First Quarter 2020 Financial Results
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Noodles & Company (NDLS) Misses Q1 EPS by 4c
May 6, 2020 5:02 PM EDTNoodles & Company (NASDAQ: NDLS) reported Q1 EPS of ($0.09), $0.04 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $100.3 million versus the consensus estimate of $106.11 million.
Comparable restaurant sales decreased 7.2% system-wide, comprised of a 7.0% decrease at company-owned restaurants and an 8.9% decrease at franchise restaurants.- Comparable sales growth system-wide increased 5.5% during the first ten weeks of the year through March 10th.- Comparable sales were negatively impacted by COVID-19 during the last three weeks of the fiscal quarter, resulting in a system-wide comparable sales... More
