Noodles misses Wall Street expectations as inflation bites bottom line

BROOMFIELD — Fast-casual pasta chain Noodles & Co. (Nasdaq: NDLS) failed to live up to Wall Street analysts’ projections in the second quarter of 2022 for revenue as ongoing inflation continues to take a major bite of the company’s bottom line.

Total revenue increased 2.7% in the first quarter to $112.6 million from $109.6 million in the first quarter of 2021.

Zacks Consensus Estimate for sales in the most recent period was $113.1 million.

Noodles posted a net loss of $6.4 million, or 14 cents loss per diluted share, in the first quarter of 2022. That’s compared to net loss of $2.0 million,…