Quarterly ResultMay 7, 2026, 06:08 AM
Noodles & Co Q1 Loss Narrows to $3.4M; Comparable Sales Up 9.1%
AI Summary
Noodles & Company reported a net loss of $3.4 million for Q1 2026, a significant improvement from the $9.1 million loss in Q1 2025. Total revenue remained flat at $123.8 million, while comparable restaurant sales increased by 9.1% system-wide. The company also completed a 1-for-8 reverse stock split in February 2026 and continues its strategic review to maximize stockholder value.
Key Highlights
- Net loss improved to $3.4 million in Q1 2026 from $9.1 million in Q1 2025.
- Basic and diluted loss per share improved to $(0.58) from $(1.58) year-over-year.
- Total revenue was $123.8 million in Q1 2026, flat compared to $123.8 million in Q1 2025.
- System-wide comparable restaurant sales increased 9.1% in Q1 2026.
- Net cash provided by operating activities rose to $6.0 million from $4.0 million.
- The company closed 20 restaurants in Q1 2026, incurring $2.7 million in related costs.
- A 1-for-8 reverse stock split was effectuated on February 18, 2026.
- The Board's strategic review to maximize stockholder value remains in process.
Price Impact
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