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home / news releases / NDLS - Noodles & Company: Another Solid Quarter For This Turnaround Story

NDLS - Noodles & Company: Another Solid Quarter For This Turnaround Story

Noodles & Company
  • Noodles & Company had an incredible quarter in Q2, posting revenue growth of 4% on a two-year basis, and strong growth in digital sales, at 56% of total revenue.
  • Meanwhile, the company reported record annual unit volume of ~$1.35 million, helping the company to report a top and bottom-line beat in the quarter.
  • While Noodles still isn't cheap at ~29x FY2022 earnings estimates, the valuation is improving, especially if the company can meet its targets.
  • So, while I don't see the stock as a Buy at current levels, I would view any dips below $10.10 as low-risk buying opportunities.

For further details see:

Noodles & Company: Another Solid Quarter For This Turnaround Story
Stock Information
Company Name: Noodles & Company
Stock Symbol: NDLS
Market: NASDAQ
Website: noodles.com
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