Noodles & Company Announces Review of Strategic Alternatives to Maximize Shareholder Value
1. Noodles & Company reviews strategic alternatives to maximize shareholder value. 2. Potential options include refinancing and refranchising parts of the business. 3. Comparable restaurant sales rose 4.5% in August, indicating positive growth. 4. No fixed deadline for the strategic review process has been established. 5. Piper Sandler has been retained as the financial advisor for the review.