NASDAQ$NDLS
Noodles & Co · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced fourth quarter and fiscal year 2021 financial results.
Noodles & Company reported a 7.1% increase in total revenue to $114.8 million for the fourth quarter of 2021, compared to $107.2 million in the fourth quarter of 2020. The company's net loss was $4.7 million, or $0.10 loss per diluted share, compared to a net loss of $3.8 million, or $0.09 loss per diluted share in the fourth quarter of 2020.
- Total revenue increased 7.1% to $114.8 million.
- Comparable restaurant sales increased 11.2% system-wide.
- Company average unit volumes were $1.31 million, a 14.1% increase.
- Net loss was $4.7 million, or $0.10 loss per diluted share.
Headline financials
Revenue & EPS history
Noodles & Co · Revenue · Quarterly
$115M
Revenue by segment
Noodles & Co · $113M total across 2 segments · Q1 2022
- Restaurant Revenue$110M+2.1%97.7%
- Franchising Royalties and Fees$2.6M+41.9%2.3%
Forward guidance
The Company is providing the following expectations for the fiscal year 2022: First quarter 2022 total revenue of $110 million to $113 million, inclusive of the impact of the Omicron variant and the recent refranchising of 15 company restaurants in California; First quarter 2022 comparable restaurant sales in the mid-single digits; Approximately 35 new restaurants system-wide in 2022, with roughly 70% of openings being company-owned; and Capital expenditures of $30 million to $34 million in 2022.
Tailwinds
- System-wide unit growth of at least 10% annually beginning in 2023 on a targeted path to at least 1,500 units.
- Average unit volumes of $1.50 million by 2024.
- Restaurant contribution margin of 20% by 2024.
- Strategic framework and underlying momentum.
- Reiterating unit growth and restaurant contribution targets while increasing average unit volume expectations.
Headwinds
- Near term pressures in the first quarter due to the Omicron variant.
- Pressures during the first half of the year due to commodity inflation.
- Staffing challenges.
- Supply chain challenges.
- Potential volatility through 2022 due to the current staffing and supply chain environment.
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 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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