The headline numbers for Noodles & Co. (NDLS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Noodles & Co. (NDLS) delivered earnings and revenue surprises of 35% and 0.63%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
BROOMFIELD, Colo., May 08, 2024 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq: NDLS) today announced financial results for its first quarter ended April 2, 2024. Key highlights for the first quarter of 2024 versus the first quarter of 2023 include: Total revenue decreased 3.7% to $121.4 million from $126.1 million in the first quarter of 2023.Comparable restaurant sales decreased 5.4% system-wide, comprised of a 5.7% decrease at company-owned restaurants and a 4.5% decrease at franchise restaura