Noodles & Company reports Q1 EPS (20c), consensus (11c)

Reports Q1 revenue $123.79M, consensus $123.32M. Reports Q1 comparable restaurant sales up 4.4%. Drew Madsen, Chief Executive Officer of Noodles & Company, remarked, “We are very pleased with the strong comparable restaurant sales and traffic performance we achieved during the first quarter despite a challenging macroeconomic environment. Our momentum is being driven by our fully reimagined new menu that launched on March 12th, supported by increased marketing investment and a new brand strategy. Since the new menu introduction, comparable sales have increased by approximately 5% through April.”