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Jun 29, 2021
Noodles & Co Q2 2021 Earnings Report
Noodles & Company's Q2 2021 financial results were announced, showcasing significant revenue growth and improved profitability.
Key Takeaways
Noodles & Company reported a strong second quarter in 2021 with a 57% increase in total revenue to $125.6 million. Company-owned comparable restaurant sales increased by 55.7%, and system-wide comparable restaurant sales increased 56.8%. The company achieved a record average unit volume of $1.35 million and the highest restaurant contribution margin since 2014 at 18.9%. Net income was $5.7 million, or $0.12 per diluted share.
Total revenue increased by 57% to $125.6 million.
System-wide comparable restaurant sales grew by 56.8%.
Company Average Unit Volumes reached a record $1.35 million, a 51.5% increase compared to Q2 2020.
Restaurant contribution margin was 18.9%, the highest since Q4 2014.
Revenue by Segment
Forward Guidance
The Company is providing the following expectations for 2021: • 10 to 15 new restaurants system-wide in 2021, including eight to eleven company-owned locations; and • Capital expenditures of $20 million to $24 million in 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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