Noodles stock sags despite improved performance
BROOMFIELD — Fast-casual pasta chain Noodles & Co. (Nasdaq: NDLS) saw its stock price drop on Thursday after a Wednesday evening quarterly report release that appears to have turned investors’ stomachs despite improved year-over-year top and bottom-line performance.
Total revenue for the most-recent period was $126.1 million, up from $112.6 million in the first quarter of 2022, but below analysts’ expectations.
Net loss was $3.1 million in the first quarter of this year, compared with a loss of $6.4 million in the same period of 2022.
Comparable sales were up 6.9% year over year at company-owned restaurants and up 4.1% at franchise restaurants.
“This…
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