In This Article:
Noodles (NASDAQ:NDLS) Full Year 2024 Results
Key Financial Results
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Revenue: US$493.3m (down 2.0% from FY 2023).
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Net loss: US$36.2m (loss widened by 267% from FY 2023).
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US$0.80 loss per share (further deteriorated from US$0.21 loss in FY 2023).
NDLS Sales Performance and Store Count
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Same store sales growth: Down 1.5% vs FY 2023.
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Total stores: 463 (down by 7 from FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Noodles EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.
In the last 12 months, the only revenue segment was Restaurants contributing US$493.3m. Notably, cost of sales worth US$419.3m amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$52.4m (48% of total expenses). Explore how NDLS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 6.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 5 warning signs for Noodles (2 are concerning!) that you should be aware of.
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