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Sep 28, 2021
Noodles & Co Q3 2021 Earnings Report
Announced third quarter 2021 financial results, demonstrating system-wide comparable restaurant sales growth and record company average unit volumes.
Key Takeaways
Noodles & Company reported strong Q3 2021 results, with an 18.1% increase in total revenue to $125.1 million, a 16.3% increase in system-wide comparable restaurant sales, and record company average unit volumes of $1.38 million. Net income was $4.7 million, or $0.10 per diluted share.
Total revenue increased 18.1% to $125.1 million.
System-wide comparable restaurant sales increased 16.3%.
Record Company Average Unit Volumes reached $1.38 million.
Net income was $4.7 million, or $0.10 per diluted share.
Revenue by Segment
Forward Guidance
Due to equipment availability and landlord delivery timing delays, the company updated its 2021 outlook.
Positive Outlook
- Anticipate at least 8% system-wide unit growth next year.
Challenges Ahead
- Seven to nine new restaurants system-wide in 2021, from prior outlook of 10 to 15 new restaurants.
- The revised outlook incorporates the delay of certain new restaurants into early 2022.
- Capital expenditures of $20 million to $22 million in 2021, from prior outlook of $20 million to $24 million, primarily due to the delay of new restaurant openings into early 2022.
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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