Noodles & Company reports Q2 EPS (30c), consensus (5c)

Reports Q2 revenue $127.4M, consensus $130.7M. Comparable restaurant sales increased 2.0% system-wide, comprised of a 1.3% increase at company-owned restaurants and a 4.7% increase at franchise restaurants. Drew Madsen, Chief Executive Officer of Noodles & Company, remarked, “I am pleased that we delivered positive 2% system-wide same-store sales during the second quarter despite a challenging consumer environment, and that we equaled the fast casual benchmark on same-restaurant sales and traffic for the first time since 2022. We also improved our restaurant contribution margin by 70 basis points aided by strong cost management. Most importantly, we continued to make meaningful progress on all five of our strategic priorities for long-term profitable growth, including an improved foundation for operations excellence and encouraging early test market results for our menu transformation. Although the current consumer environment may cause variability in our near-term results, I am confident we are on the right path to capture the significant growth opportunity Noodles offers.”