- NDLS reported mixed Q1 results with earnings beating and revenues missing estimates. - Company's shares fell 9.8% in after-hours trading on May 8. - Quarterly revenues of $121.4 million missed consensus mark, comps declined 5.4%. - General and admin expenses declined but restaurant contribution margin dropped. - NDLS plans to open 10-12 new company-owned restaurants in fiscal 2024. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Noodles & Co. reported a quarterly loss of $0.13 per share, higher than estimates. - Revenue for Noodles & Co. was $121.4 million, missing estimates by 0.63%. - Noodles & Co. stock has dropped 43.5% this year, underperforming the market. - Estimate revisions trend for Noodles & Co. is unfavorable, resulting in a Zacks Rank #5 (Strong Sell). - Sweetgreen, Inc. is expected to post a quarterly loss of $0.21 per share. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings