News

Noodles & Co announces preliminary Q4 results

January 14, 2014

Noodles & Company has announced preliminary, unaudited financial results for the fourth quarter ended Dec. 31, 2013.

Highlights, according to a company press release, of expected results for the fourth quarter of 2013 compared to the fourth quarter of 2012 include:

• Total revenue expected to increase 17.4 percent to $91.5 million from $77.9 million.
• Comparable restaurant sales expected to increase 4.3 percent for company-owned restaurants, 1.5 percent for franchised restaurants and 3.9 percent system-wide.
• And 12 new restaurants opened system-wide, including eight company-owned and four franchise restaurants.

"I am very pleased with our team's continued efforts in building a Category of One in the restaurant space," said Chairman and CEO Kevin Reddy. "Our strong top line growth in the fourth quarter, despite significant weather headwinds in many of our markets, is evidence of the strength and resiliency of our concept. I am also proud of our company and franchise development teams opening a record number of restaurants in 2013 as we continue in the early stages of our path to 2,500 restaurants nationwide."

Upcoming events

Noodles & Company's management will present at the 16th Annual ICR XChange Conference  Jan. 14 at the Grande Lakes Orlando Resort in Florida. On Jan. 21, the company will participate at Jefferies 3rd Annual Winter Consumer Summit at the Ritz-Carlton Bachelor Gulch in Avon, Colo.

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