Noodles posts $129.3M revenue for third quarter

BROOMFIELD — Noodles Inc. (Nasdaq: NDLS) reported $129.3 million in revenue for the third quarter of 2022, a 3.3% increase from the $125.1 million it earned in the third quarter of 2021.

Expenses increased 6.6%, to $127.8 million from 119.7 million, and net earnings fell to $795,000 from $4.69 million, an 83% decrease.

So far in 2022, Noodles has opened 11 company-owned Noodles & Co. restaurants and three franchises, bringing its total to 366 company-owned stores and 93 franchises across 31 states.

In the earnings report, the company noted that inflation has caused it to increase prices at a higher rate than normal:…