Jake Bartlett

Andrew Barish

Todd Brooks

- Noodles & Company announced on **September 3, 2025**, that its Board of Directors has initiated a **review of strategic alternatives** to maximize shareholder value.  **[1275158_0001275158-25-000093_ex991ndls-strategicalterna.htm:0]** **[1275158_0001275158-25-000093_ndls-20250903.htm:1]** 
- 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.  **[1275158_0001275158-25-000093_ex991ndls-strategicalterna.htm:0]** **[1275158_0001275158-25-000093_ndls-20250903.htm:1]** 
- **Piper Sandler** has been retained as the financial advisor to assist in this review.  **[1275158_0001275158-25-000093_ex991ndls-strategicalterna.htm:0]** 
- The company reported **positive 4.5% comparable restaurant sales performance in August**.  **[1275158_0001275158-25-000093_ex991ndls-strategicalterna.htm:0]**

NOODLES & (NDLS)