NASDAQ$NDLS

Noodles & Co · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Noodles & Company reported a net loss for Q4 2019, but adjusted net income and adjusted EBITDA increased.

Noodles & Company's Q4 2019 results showed a slight increase in total revenue, positive comparable restaurant sales growth, and an increase in restaurant contribution margin. However, the company reported a net loss for the quarter, though adjusted net income and adjusted EBITDA increased significantly.

  • Total revenue increased by 0.6% to $113.9 million.
  • Comparable restaurant sales increased by 1.5% system-wide.
  • Digital sales grew by 34%, accounting for 25% of sales.
  • Adjusted EBITDA increased by 30.2% to $10.9 million.

Headline financials

Total Revenue

$114M

Previous: $113M+0.6%
EPS (adj)

$0.07

Previous: $0.01+600.0%
System-wide Comparable Sales

1.5%

No prior period
Restaurant Contribution Margin

17.2%

Previous: 15.2%+13.2%
Capital Expenditures

$3.62M

Previous: $3.36M+7.6%
Free Cash Flow

$10.2M

Previous: $7.67M+32.6%
Net Income

-$1.2M

Previous: -$487K-146.4%
Operating Income

$200K

Previous: $87K+129.9%
Gross Profit

$20.9M

Previous: $18.2M+14.7%
Cash & Equivalents

$29.3M

Previous: $3.36M+772.4%
Total Assets

$379M

Previous: $185M+104.3%
Stock-Based Comp

$663K

Previous: $321K+106.5%

Revenue & EPS history

Noodles & Co · Revenue · Quarterly

$114M

Q4 2019+0.6%vs Q4 2018
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Noodles & Co · $113M total across 2 segments · Q1 2022

  • Restaurant Revenue
    $110M+2.1%
  • Franchising Royalties and Fees
    $2.6M+41.9%

Forward guidance

Noodles & Company provided outlook for 2020

Tailwinds

  • Approximately ten to fifteen new restaurants system-wide, including eight to eleven company locations
  • Total revenue of $470.0 million to $480.0 million
  • Comparable restaurant sales of 3.0% to 5.0%
  • Restaurant contribution margin of approximately 17.0%
  • Adjusted EBITDA of $42.0 million to $46.0 million

Headwinds

  • Adjusted diluted EPS of $0.21 to $0.26
  • Capital expenditures of $20.0 million to $30.0 million

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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