Noodles turns a profit in Q2

BROOMFIELD — After trimming losses in recent quarters, Noodles & Co. (Nasdaq: NDLS) posted positive earnings in the second quarter of fiscal year 2019.

The company had a quarterly net income of $438,000, or $0.01 per share, in the most recent period. That’s up from a net loss of $1.9 million in the first quarter of 2019 and up from a loss of $5.9 million in the second quarter of last fiscal year. 

Total revenue increased 2.4 percent to $120.2 million in the second quarter of 2019 from $117.4 million in the same period last year, according to the company’s earnings report released Tuesday. That’s primarily due to the increase in comparable restaurant sales.

Comparable restaurant sales increased 4.6 percent system-wide.

As of the end of the quarter, Noodles operated a total of 457 locations, 395 of which are company-owned restaurants and 62 are franchise restaurants.

“Our strong second quarter results are further evidence that our strategic initiatives are working, as the company continues to benefit from our culinary, operational and off-premise initiatives,” CEO Dave Boennighausen said in a prepared statement.

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