- Noodles & Company released its Q3 results earlier this month, reporting quarterly revenue of $125.1 million, an 18% increase from the year-ago period.
- The company reported record average unit volumes in the period that are tracking very well against the company's long-term target, and enjoyed significant margin expansion on a two-year basis.
- While staffing was an issue and Noodles is not immune, the company noted that it believes the worst is behind it, with sales impacted by some reduced hours in Q3/Q4.
- With Noodles having one of the more attractive unit growth rates sector-wide and shrugging off the sector-wide margin pressures, pullbacks below $10.15 should provide low-risk buying opportunities.
For further details see:
Noodles & Company: Growth At A Very Reasonable Price