Noodles cuts losses on lower revenue

BROOMFIELD — Noodles & Co. (Nasdaq: NDLS) sales shrank 1% year over year in the third quarter, but the fast-casual chain was able to significantly reduce its net losses.

Revenue in the most-recent period totaled $120.9 million, down from $122.1 million in the third quarter of 2025, while the Broomfield company’s net loss fell from $9.2 million to $2.1 million over that period.

“We are very excited that our third quarter performance continued our strong sales momentum and margin expansion, underscoring the sustainability of our growth and the impact of the improvements we have made across the business. System-wide comparable sales grew 9.5%, which was our third consecutive quarter above 9.0% and eighth consecutive quarter of positive comparable sales growth,” Noodles CEO Joe Christina said in a prepared statement. “Our impressive sales growth reflects enhanced restaurant execution, more innovative and craveable menu offerings, more strategic and focused marketing, together with what we believe is a permanent shift of a significant portion of predominately off premise sales to nearby locations from our successful closed store program. We are converting this sales momentum into stronger restaurant economics.”

For the full 2026 fiscal year, Noodles expects sales in the range of $485 million to $495 million.

Just before 9:40 a.m. Friday the company’s stock price was $12.09, down 12.07% on the day so far.

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