Noodles & Company sees FY24 revenue $495M-$505M, consensus $513.77M

Sees FY24: Restaurant level contribution margins of 13.5% to 14.5%; General and administrative expenses of $50 million to $53 million, inclusive of stock-based compensation expense of approximately $4.5 million; Depreciation and amortization of $30 million to $32 million; Net interest expense of $8 million to $9 million; New restaurant openings: approximately 10 company-owned and 3 franchise-owned; and Capital expenditures of $28 million to $32 million.