Noodles & Co. (NDLS) Misses Q1 EPS by 1c
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Noodles & Company Announces First Quarter 2014 Financial Results
April 29, 2014 4:00 PM EDTBROOMFIELD, Colo., April 29, 2014 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for its first quarter ended April 1, 2014.
Key highlights for the first quarter of 2014 compared to the first quarter of 2013 include:
GAAP net income increased 56% to $1.4 million, from $0.9 million. Adjusted net income(1) remained consistent at $1.4 million or $0.05 per diluted share. Adjusted EBITDA(1) increased 2.8% to $8.4 million, from $8.2 million. Total revenue increased 10.1% to $89.5 million from $81.3 million. Comparable restaurant sales decreased 1.4% for company-owned restaurants, 3.3% for franchise restaurants and 1.6% system-wide. Restaurant contribution margin decreased 130 basis points to 17.3%.... More