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Sep 29, 2020
Noodles & Co Q3 2020 Earnings Report
Announced third quarter 2020 financial results with positive comparable sales growth in September and a 151% increase in digital sales.
Key Takeaways
Noodles & Company reported a decrease in total revenue to $106.0 million compared to $118.3 million in the third quarter of 2019. System-wide comparable restaurant sales decreased by 3.8%, while digital sales grew by 151% and accounted for 61% of total sales. The company experienced a net loss of $0.1 million, or $0.00 per diluted share.
Total revenue was $106.0 million compared to $118.3 million.
System-wide comparable restaurant sales decreased 3.8%.
Digital sales grew 151% and accounted for 61% of sales.
Net loss was $0.1 million, or $0.00 per diluted share.
Noodles & Co
Noodles & Co
Forward Guidance
Noodles & Company withdrew guidance for fiscal year 2020 due to the ongoing impact and uncertainty of the COVID-19 pandemic.