Noodles posts decrease in revenue following store closures

BROOMFIELD — Noodles & Co., (Nasdaq: NDLS) a fast-casual restaurant chain based in Broomfield, reported a 5.3 percent decrease in revenue as it closed 55 restaurants during its first quarter that ended April 3.

Revenue for the quarter was $110.5 million, down from $116.7 million for the first quarter of 2017.

The company reported a loss of $3.6 million for the quarter, or 9 cents per share, compared with a loss of $26.8 million in the same quarter a year ago.

At the end of the quarter, Noodles had 411 company-owned stores and 65 franchise stores.


 

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>