← NOODLES & Co
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $487.5m |
$456.5m
-6.36%
|
$456.5m
0.00%
|
$462.4m
+1.30%
|
$393.7m
-14.87%
|
$475.2m
+20.70%
|
$509.5m
+7.22%
|
$509.5m
0.00%
|
$493.3m
-3.18%
|
$495.1m
+0.37%
|
$495.7m
+0.12%
|
|
| Other Cost of Operating Revenue | — | — | — | — | $71.2m | $83.6m | $91.2m | — | $95.0m | $98.9m | — | |
| Cost of Revenue | $123.5m |
$115.7m
-6.36%
|
$115.7m
0.00%
|
$117.2m
+1.30%
|
$370.8m
+216.45%
|
$421.8m
+13.75%
|
$460.4m
+9.15%
|
$129.1m
-71.96%
|
$125.0m
-3.18%
|
$125.5m
+0.37%
|
$413.9m
+229.89%
|
|
| Gross Profit | $363.9m |
$340.8m
-6.36%
|
$340.8m
0.00%
|
$345.2m
+1.30%
|
$22.8m
-93.38%
|
$53.4m
+133.52%
|
$49.1m
-8.02%
|
$380.4m
+675.15%
|
$368.3m
-3.18%
|
$369.6m
+0.37%
|
$81.8m
-77.87%
|
|
| Marketing and Advertising Expense | $10.0m | $5.7m | — | $6.1m | $7.9m | $7.7m | $9.3m | — | $12.7m | $14.8m | — | |
| General and Administrative Expense | $55.7m | $39.7m | — | $43.4m | $42.9m | $47.5m | $49.9m | — | $50.8m | $49.1m | $50.3m | |
| General and administrative | — | $55.7m | $39.7m | $46.1m | $42.9m | $47.5m | — | $49.9m | $51.8m | $49.1m | $50.3m | |
| Operating Lease, Expense | — | — | — | — | $39.9m | $39.1m | $38.5m | — | $39.4m | $36.9m | — | |
| Operating expenses: | ||||||||||||
| Restaurant operating costs | — | — | — | $316.6m | $270.9m | $309.5m | — | $338.1m | $327.6m | $325.1m | — | |
| Other restaurant operating costs | — | $73.0m | $64.1m | $65.6m | $71.2m | $83.6m | — | $91.2m | $91.6m | $98.9m | — | |
| Total costs and expenses | — | $555.0m | $490.3m | $461.6m | $413.7m | $469.3m | — | $510.3m | $508.4m | $526.7m | $489.1m | |
| Loss from operations | — | ($67.5m) |
($33.9m)
+49.87%
|
($3.8m)
+88.90%
|
($20.0m)
-432.97%
|
$5.8m
+129.04%
|
— | ($832k) |
($5.0m)
-504.45%
|
($31.6m)
-528.14%
|
— | |
| Operating Income (Loss) | ($67.5m) |
($33.9m)
+49.87%
|
— | $5.4m |
($20.0m)
-468.25%
|
$5.8m
+129.04%
|
($832k)
-114.30%
|
— | ($27.8m) |
($31.6m)
-13.72%
|
$6.6m
+120.84%
|
|
| Interest Expense | $2.9m | $3.8m | — | $2.9m | $3.1m | $2.1m | $2.4m | — | — | — | $10.5m | |
| Interest expense, net | — | $2.9m | $3.8m | $4.3m | $3.1m | $2.1m | — | $2.4m | $4.8m | $10.9m | $10.5m | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $8.4m | $10.9m | $10.5m | |
| Loss before income taxes | — | ($70.4m) | ($37.7m) | ($8.7m) | ($23.2m) | $3.7m | — | ($3.3m) | ($9.8m) | ($42.5m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($70.4m) | ($37.7m) | — | $1.8m | ($23.2m) | $3.7m | ($3.3m) | — | ($36.2m) | ($42.5m) | ($23.3m) | |
| Provision for income taxes | — | $1.2m | ($207k) | ($248k) | $84k | $70k | — | $37k | $24k | $64k | — | |
| Current Income Tax Expense (Benefit) | $134k | $21k | — | $36k | $44k | $41k | $77k | — | $33k | $24k | $47k | |
| Income Tax Expense (Benefit) | $1.2m | ($207k) | — | $104k | $84k | $70k | $37k | — | $54k | $64k | $47k | |
| Net loss | — | ($71.7m) | ($37.5m) | ($8.4m) | ($23.3m) | $3.7m | — | ($3.3m) | ($9.9m) | ($42.6m) | — | |
| Net Income (Loss) Attributable to Parent | ($71.7m) |
($37.5m)
+47.71%
|
— | $1.6m |
($23.3m)
-1512.20%
|
$3.7m
+115.76%
|
($3.3m)
-190.42%
|
— | ($36.2m) |
($42.6m)
-17.55%
|
($23.3m)
+45.20%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($45.4m) | — | $1.6m | — | — | — | — | — | — | ($23.3m) | |
| Preferred Stock Dividends and Other Adjustments | — | $8.0m | — | $0 | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | ($2.58) | ($1.20) | — | $0.04 | ($0.53) | $0.08 | ($0.07) | — | ($0.80) | ($7.36) | ($3.98) | |
| Earnings Per Share, Diluted | ($2.58) | ($1.20) | — | $0.04 | ($0.53) | $0.08 | ($0.07) | — | ($0.80) | ($7.36) | ($3.98) | |
| Basic (in shares) | — | $27.8m | $37.8m | $42.3m | $44.3m | $45.5m | — | $45.9m | $45.9m | $5.8m | $5.9m | |
| Weighted Average Number of Shares Outstanding, Basic | 27.8m | 37.8m | — | 44.0m | 44.3m | 45.5m | 45.9m | — | 45.5m | 5.8m | 5.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | 27.8m | 37.8m | — | 45.0m | 44.3m | 46.1m | 45.9m | — | 45.5m | 5.8m | 5.9m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | — | $0 | — | $0 | $0 | $0 | $0 | — | $0 | $0 | $17.1m | |
| Other Cost and Expense, Operating | $73.0m | $64.1m | — | $66.7m | — | — | — | — | — | — | — | |
| Depreciation and amortization | — | $28.1m | $24.6m | $22.9m | $21.7m | $22.3m | — | $23.3m | $26.8m | $27.0m | $24.7m | |
| Pre-opening | — | $3.1m | $935k | $50k | $443k | $665k | — | $1.7m | $2.2m | $225k | — | |
| Restaurant impairments, closure costs and asset disposals | — | $47.3m | $37.4m | $7.1m | $6.5m | $5.7m | — | $6.2m | $8.4m | $26.3m | — |