Noodles & Company Announces Fourth Quarter and Full Year 2020 Financial Results
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Noodles & Company (NDLS) Misses Q4 EPS by 7c
February 25, 2021 5:48 PM ESTNoodles & Company (NASDAQ: NDLS) reported Q4 EPS of ($0.04), $0.07 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $107.2 million versus the consensus estimate of $107.46 million.
Key highlights for the fourth quarter of 2020 compared to the same quarter of 2019 include:
Total revenue decreased 5.9% to $107.2 million from $113.9 million.Comparable restaurant sales decreased 4.7% system-wide, decreased 4.2% for company-owned restaurants and decreased 7.9% for franchise restaurants.Digital sales grew 128% and accounted for 62% of sales.Net loss was $3.8 million, or $0.09 loss per diluted share compared to net loss of $1.2 million, or... More