Earnings Releases·Nov 13, 2026, 7:45 AM ET

Noodles & Company — Third Quarter 2026 Earnings Summary

Total revenue decreased 1.0% to $120.9 million year-over-year, while net loss narrowed significantly to $2.1 million from $9.2 million in the prior year period, driven by a 350 basis point expansion in restaurant contribution margin to 16.7%.
The Company tightened fiscal 2026 guidance, projecting full-year revenue of $485 million to $495 million and Adjusted EBITDA of $35 million to $37 million, alongside plans to close 34 to 36 company-owned restaurants.
Strategic alternatives including refinancing, refranchising, or a potential sale are under review, with liquidity constrained to $1.5 million in cash despite a $9.0 million year-to-date debt reduction.
System-wide comparable sales grew 9.5% for the quarter, marking the third consecutive quarter of growth above 9.0%, supported by a permanent shift of off-premise sales to nearby locations.
The credit facility was amended on November 12, 2026, to extend maturity to November 30, 2027, providing $21.2 million in available borrowing capacity as of late September.