Noodles & Company sees FY24 revenue $510M-$525M, consensus $518.08M

For FY24, the company sees: Restaurant level contribution margins of 14% to 15%; General and administrative expenses of $52 million to $55 million, inclusive of stock-based compensation expense of approximately $6 million; Depreciation and amortization of $32 million to $34 million; Net interest expense of $8 million to $9 million; New restaurant openings: 10-12 company-owned and up to 3 franchise-owned; and Capital expenditures of $28 million to $32 million.