Quarterly ResultJul 24, 2026, 09:26 AM
Noodles & Co Narrows Q2 Net Loss to $(3.95)M; EPS $(0.67)
AI Summary
Noodles & Company reported a significant reduction in its net loss for the second quarter of 2026, narrowing to $(3.95) million from $(17.55) million in the prior year. Revenue saw a slight increase to $127.04 million. The company also highlighted a 1-for-8 reverse stock split effective February 18, 2026, and the upcoming maturity of its $105.4 million credit facility in July 2027, for which new financing is required.
Key Highlights
- Net loss for Q2 2026 was $(3.95) million, a significant improvement from $(17.55) million in Q2 2025.
- Total revenue for Q2 2026 increased slightly to $127.04 million from $126.43 million year-over-year.
- Basic and diluted loss per share for Q2 2026 was $(0.67), compared to $(3.04) in Q2 2025.
- A 1-for-8 reverse stock split was effectuated on February 18, 2026, retroactively adjusting share data.
- Net cash provided by operating activities for the first two quarters of 2026 was $9.32 million, up from $3.18 million.
- Long-term debt stood at $104.41 million as of June 30, 2026, with maturity on July 27, 2027.
- Restaurant impairments, closure costs, and asset disposals decreased to $5.53 million in Q2 2026 from $13.65 million.
- Cash and cash equivalents were $1.30 million as of June 30, 2026.
Price Impact
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