Noodles & Co. incurred $13.8M loss in 2015

BROOMFIELD —Noodles & Co. (Nasdaq: NDLS) reported a loss of $13.8 million, or 48 cents per share, for its fiscal year that ended Dec. 31, the Broomfield-based company reported Thursday.

The owner and franchiser of fast-casual restaurants featuring noodle dishes reported a loss of $4.3 million, or 15 cents per share, for its fourth quarter.

Revenue for the quarter was $117.1 million and $455.5 million for the year, both increases compared with the same time periods a year ago.

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In a prepared statement, Kevin Reddy, chairman and chief executive, said he was pleased with the progress the company made on implementing new initiatives including the launch of a Kids Meal and an integrated media campaign in select markets.

“We believe the fundamental business is strengthening, and that we have improved the foundation from which we expect to build sales and profits over the long term. Our underlying sales momentum has continued into 2016, with comparable sales growth quarter-to-date through Feb. 24 of 0.4 percent at company-owned restaurants and 0.8 percent at franchise restaurants.”

Seventy new restaurants opened systemwide in 2015, including 51 company-owned and 19 franchise restaurants. Sixteen company-owned and one franchise restaurant were closed in the fourth quarter.

Founded in Boulder in 1995, Noodles & Co. had 492 locations systemwide in 35 states, the District of Columbia and the Canadian province of Ontario as of Dec. 29.

Noodles & Co.’s shares closed Thursday at $12.23. The company’s 52-week per share price range is $9.32 to $21.41.