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Dec 31, 2019
Noodles & Co Q4 2019 Earnings Report
Noodles & Company reported a net loss for Q4 2019, but adjusted net income and adjusted EBITDA increased.
Key Takeaways
Noodles & Company's Q4 2019 results showed a slight increase in total revenue, positive comparable restaurant sales growth, and an increase in restaurant contribution margin. However, the company reported a net loss for the quarter, though adjusted net income and adjusted EBITDA increased significantly.
Total revenue increased by 0.6% to $113.9 million.
Comparable restaurant sales increased by 1.5% system-wide.
Digital sales grew by 34%, accounting for 25% of sales.
Adjusted EBITDA increased by 30.2% to $10.9 million.
Noodles & Co
Noodles & Co
Forward Guidance
Noodles & Company provided outlook for 2020
Positive Outlook
- Approximately ten to fifteen new restaurants system-wide, including eight to eleven company locations
- Total revenue of $470.0 million to $480.0 million
- Comparable restaurant sales of 3.0% to 5.0%
- Restaurant contribution margin of approximately 17.0%
- Adjusted EBITDA of $42.0 million to $46.0 million
Challenges Ahead
- Adjusted diluted EPS of $0.21 to $0.26
- Capital expenditures of $20.0 million to $30.0 million