NASDAQ$NDLS
Noodles & Co · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Noodles & Company reported strong first quarter results with company-owned comparable restaurant sales growth and increased average unit volumes.
Noodles & Company announced positive financial results for Q1 2021, featuring a 10.5% increase in company-owned comparable restaurant sales and a 12.7% increase in average unit volumes compared to Q1 2020. Digital sales grew by 110%, accounting for 62% of total sales. The company reported a net loss of $2.0 million, an improvement from the $5.8 million net loss in Q1 2020.
- Total revenue increased by 9.2% to $109.6 million compared to $100.3 million in Q1 2020.
- System-wide comparable restaurant sales increased by 10.7%, with a 10.5% increase at company-owned restaurants and an 11.7% increase at franchise restaurants.
- Digital sales grew 110% and accounted for 62% of sales.
- Net loss decreased to $2.0 million, or $0.04 per diluted share, compared to a net loss of $5.8 million, or $0.13 per diluted share, in Q1 2020.
Headline financials
Revenue & EPS history
Noodles & Co · Revenue · Quarterly
$110M
Revenue by segment
Noodles & Co · $110M total across 2 segments · Q1 2021
- Restaurant Revenue$108M+9.1%98.3%
- Franchising Royalties and Fees$1.83M+12.3%1.7%
Forward guidance
Noodles & Company is not providing full financial guidance for fiscal year 2021 due to the uncertainty surrounding the COVID-19 pandemic, but expects to open 10 to 15 new restaurants system-wide and have capital expenditures of $20 million to $24 million.
Tailwinds
- System-wide unit growth of at least 7% annually beginning in 2022, quickly reaching 10% annual growth on a path to at least 1,500 units.
- Average unit volumes of $1.45 million by 2024.
- Restaurant contribution margin of 20% by 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
-2.6%
Avg return
Earnings day
+0.4%
Avg return
5 days after
-0.1%
Avg return
30 days after
36%
18 / 50 earnings
Positive
+20.9%
Q1 2018
Best reaction
-28.8%
Q4 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +1.2% | +7.7% | — | |
| Q3 2025 | +13.6% | +15.2% | +48.5% | |
| Q1 2025 | -15.8% | -13.9% | -20.8% | |
| Q4 2025 | +13.6% | -3.2% | -10.4% | |
| Q3 2024 | -14.4% | -23.7% | -46.6% | |
| Q2 2024 | -13.7% | -0.6% | -13.0% | |
| Q1 2024 | +20.8% | +19.1% | +10.7% | |
| Q4 2023 | -10.8% | -20.3% | -38.2% | |
| Q3 2023 | +12.7% | +19.1% | +50.0% | |
| Q2 2023 | -3.5% | -3.9% | -16.9% | |
| Q1 2023 | -18.8% | -20.1% | -29.2% | |
| Q3 2022 | -6.0% | +5.7% | -7.0% | |
| Q2 2022 | +12.6% | +18.1% | +10.3% | |
| Q1 2022 | +14.9% | +20.2% | +34.2% | |
| Q4 2021 | -16.8% | -20.9% | -32.3% | |
| Q3 2021 | -3.5% | -2.8% | -15.8% | |
| Q2 2021 | +4.6% | +2.6% | +3.1% | |
| Q1 2021 | +14.3% | +13.8% | +22.2% | |
| Q4 2020 | -1.4% | +16.4% | +11.2% | |
| Q3 2020 | -14.4% | -20.4% | +1.4% | |
| Q2 2020 | +6.3% | +14.9% | +10.6% | |
| Q1 2020 | -4.0% | +4.7% | +45.1% | |
| Q4 2019 | -0.1% | -4.0% | -37.1% | |
| Q3 2019 | +6.2% | +16.7% | +8.8% | |
| Q2 2019 | -6.4% | -11.4% | -21.5% | |
| Q1 2019 | +14.2% | +9.2% | -4.3% | |
| Q4 2018 | -15.3% | -11.3% | -12.6% | |
| Q3 2018 | -24.3% | -23.0% | -25.7% | |
| Q2 2018 | -2.5% | -0.8% | -7.0% | |
| Q1 2018 | +20.9% | +32.4% | +27.7% | |
| Q4 2017 | +7.8% | +18.0% | +15.6% | |
| Q3 2017 | +2.3% | +9.3% | +9.3% | |
| Q2 2017 | -6.3% | -5.0% | +21.2% | |
| Q1 2017 | -2.7% | -14.5% | -26.5% | |
| Q4 2016 | +6.6% | -5.3% | +51.3% | |
| Q3 2016 | -8.8% | -14.3% | -8.8% | |
| Q2 2016 | -5.8% | -7.9% | -11.2% | |
| Q1 2016 | -2.6% | — | — | |
| Q4 2015 | -2.4% | — | — | |
| Q3 2015 | -13.2% | — | — | |
| Q2 2015 | -19.2% | — | — | |
| Q1 2015 | -17.3% | — | — | |
| Q4 2014 | -28.8% | — | — | |
| Q3 2014 | +15.9% | — | — | |
| Q2 2014 | -16.5% | — | — | |
| Q1 2014 | -10.3% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q4 2013 | +5.4% | — | — | |
| Q3 2013 | -11.7% | — | — | |
| Q2 2013 | -8.3% | — | — | |
| Q1 2013 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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