NDLS - Noodles & Company leaps on lighter-than-expected loss

Noodles & Company (NASDAQ:NDLS) were carried higher in extended trading after achieving better-than-anticipated bottom line earnings results. According to the published figures, total revenue increased 2.7% from the prior year to $112.6, in line with estimates, and a net loss of $6.4 million, or $0.14 per share that was better than analyst projections by $0.03. “We are pleased with the recapturing of momentum that we experienced during the first quarter after the initial impact of COVID-related temporary closures at the beginning of 2022,” CEO Dave Boennighausen said. “We are pleased to report an inflection point in our unit growth with the largest number of quarterly openings since 2016.” The company opened seven new restaurants in the quarter and also expanded its menu offerings, with high expectations for demand. Shares popped over 6% in post-market trading as encouraging figures like a 6.4% increase in comparable restaurant sales overcame concerns about eroding

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Noodles & Company leaps on lighter-than-expected loss