NOODLES & (NDLS) Company Report

Noodles & Company (NDLS) announced a 1-for-8 reverse stock split expected to become effective on February 18, 2026, with its Common Stock beginning to trade on a split-adjusted basis when the market opens on that day.
The primary goal of the reverse stock split is to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq.
Stockholders approved a proposal to authorize a reverse stock split at a ratio within the range of 1-for-2 to 1-for-15 at a Special Meeting held on February 4, 2026, with over 96% of the votes cast in favor. The board of directors subsequently approved the 1-for-8 ratio.
The company had previously received a notification from Nasdaq on June 24, 2025, regarding non-compliance with the minimum bid price requirement and was granted an extension on January 27, 2026, after failing to regain compliance by December 22, 2025.

2 days ago

Noodles & Company Announces 1-for-8 Reverse Stock Split

NDLS

Delisting/Listing Issues

Proxy Vote Outcomes

Noodles & Company (NDLS) plans to effect a 1-for-8 reverse stock split of its Class A common stock, which is expected to become effective on February 18, 2026, at 12:01 a.m. Eastern Time.
The Company's Common Stock is expected to begin trading on a split-adjusted basis when the market opens on February 18, 2026, under the existing symbol "NDLS".
The primary goal of this reverse stock split is to bring Noodles & Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq.
Stockholders approved a proposal to authorize a reverse stock split at a Special Meeting held on February 4, 2026, with over 96% of votes cast in favor, and the board of directors subsequently approved the 1-for-8 ratio.
The split will automatically combine 8 current shares of Common Stock into one issued and outstanding share, with fractional shares being rounded up to the next whole share.

2 days ago

Noodles & Company Announces Preliminary Q4 2025 Revenue Results

NDLS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Noodles & Company reported preliminary, unaudited system-wide comparable sales growth of 6.6% for the fourth quarter of 2025, with company-owned restaurants increasing 7.3% and franchise restaurants increasing 3.8%.
During 2025, the company closed 33 company-owned and 9 franchise restaurants.
The company anticipates closing an additional 30 to 35 restaurants in 2026 as part of its portfolio optimization strategy.
CEO Joe Christina highlighted the 7.3% sales growth in company-owned restaurants as building on a 4% sales growth trend in the third quarter, reflecting strong momentum.

Jan 12, 2026, 1:03 PM

Noodles & Company Announces Preliminary Q4 2025 Sales Results and Portfolio Optimization

NDLS

Revenue Acceleration/Inflection

Guidance Update

Noodles & Company reported preliminary, unaudited fourth quarter 2025 system-wide comparable sales increased by 6.6% compared to the fourth quarter of 2024.
This growth was primarily driven by a 7.3% increase at company-owned restaurants, while franchise restaurants saw a 3.8% increase.
As part of a portfolio optimization strategy, the company closed 33 company-owned and nine franchise restaurants in 2025 and anticipates closing an additional 30 to 35 restaurants in 2026.

Jan 12, 2026, 12:00 PM

Noodles & Company Reports Q3 2025 Results with Accelerated Sales Momentum and Revised Full-Year Guidance

NDLS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Noodles & Company reported 4% comparable sales growth in Q3 2025, with momentum accelerating to an 8% increase in October.
Total revenue for Q3 2025 decreased 0.5% compared to last year, reaching $122.1 million.
Adjusted EBITDA for Q3 2025 improved by approximately 33% to $6.5 million, up from $4.9 million in Q3 2024.
The company closed 15 company-owned and 3 franchise restaurants in Q3 2025, and is on schedule to close 31-34 company-owned restaurants by the end of 2025, expecting a positive impact of over $2 million on 2026 restaurant-level contribution.
Noodles & Company revised its full-year 2025 guidance, projecting total revenue of $492-$495 million and comparable restaurant sales growth of 3.6%-4.2%.

Nov 5, 2025, 9:30 PM

Noodles & Company Announces Third Quarter 2025 Financial Results

NDLS

Earnings

Guidance Update

M&A

Noodles & Company reported a 0.5% decrease in total revenue to $122.1 million for Q3 2025, while system-wide comparable restaurant sales increased by 4.0%.
The company's net loss for Q3 2025 was $9.2 million, or $0.20 loss per diluted share, compared to a net loss of $6.8 million, or $0.15 loss per diluted share, in Q3 2024.
Adjusted EBITDA for Q3 2025 increased 32.7% to $6.5 million.
For fiscal year 2025, the company revised its guidance, projecting total revenue between $492 million and $495 million and comparable restaurant sales growth of 3.6% to 4.2%.
The Board of Directors initiated a review of strategic alternatives on September 3, 2025, which includes potential refinancing, refranchising or sale of all or part of the business.

Nov 5, 2025, 9:09 PM

Noodles & Company Initiates Review of Strategic Alternatives

NDLS

M&A

Debt Issuance

Revenue Acceleration/Inflection

Noodles & Company announced on September 3, 2025, that its Board of Directors has initiated a review of strategic alternatives to maximize shareholder value.
The review may include refinancing of existing indebtedness, refranchising or sale of all or part of the business, and/or other strategic or financial transactions.
Piper Sandler has been retained as the financial advisor to assist in this review.
The company reported positive 4.5% comparable restaurant sales performance in August.