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Mar 29, 2022
Noodles & Co Q1 2022 Earnings Report
Noodles & Company announced first quarter 2022 financial results, with revenue increasing and comparable restaurant sales growing.
Key Takeaways
Noodles & Company reported a 2.7% increase in total revenue to $112.6 million and a 6.4% increase in system-wide comparable restaurant sales. The company experienced a net loss of $6.4 million, or $0.14 loss per diluted share. Company Average Unit Volumes of $1.25 million represented a 6.8% increase compared to the first quarter of 2021.
Total revenue increased by 2.7% to $112.6 million.
System-wide comparable restaurant sales increased by 6.4%.
Company Average Unit Volumes reached $1.25 million, a 6.8% increase year-over-year.
Net loss was $6.4 million, or $0.14 loss per diluted share.
Noodles & Co
Noodles & Co
Noodles & Co Revenue by Segment
Revenue by Segment
Restaurant Revenue
CapyFin.comFranchising Royalties and Fees Revenue
CapyFin.com Forward Guidance
The Company is providing the following expectations for the fiscal year 2022:
Positive Outlook
- Second quarter 2022 total revenue of $130 million to $133 million
- Second quarter 2022 comparable restaurant sales in the mid-single digits
- Second quarter 2022 restaurant level contribution margin of approximately 16%
- Approximately 35 new restaurants system-wide in 2022, with roughly 70% of openings being company-owned
- Capital expenditures of $30 million to $34 million in 2022
Revenue & Expenses
Visualization of income flow from segment revenue to net income