$NDLS
NOODLES & Co

2024 Q4 Form 10-Q Financial Statement

#000127515824000098 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4
Revenue $122.8M
YoY Change -3.99%
Cost Of Revenue $93.21M
YoY Change 0.01%
Gross Profit $29.54M
YoY Change -14.87%
Gross Profit Margin 24.06%
Selling, General & Admin $24.89M
YoY Change 4.14%
% of Gross Profit 84.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.248M
YoY Change 9.39%
% of Gross Profit 24.54%
Operating Expenses $32.14M
YoY Change 5.37%
Operating Profit -$4.800M
YoY Change -335.99%
Interest Expense $2.082M
YoY Change 75.55%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$6.882M
YoY Change -911.56%
Income Tax -$127.0K
% Of Pretax Income
Net Earnings -$6.755M
YoY Change -1065.0%
Net Earnings / Revenue -5.5%
Basic Earnings Per Share -$0.15
Diluted Earnings Per Share -$0.15
COMMON SHARES
Basic Shares Outstanding 45.64M shares
Diluted Shares Outstanding 45.64M shares

Balance Sheet

Concept 2024 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.308M
YoY Change 32.32%
Cash & Equivalents $3.308M
Short-Term Investments
Other Short-Term Assets $24.00K
YoY Change -25.0%
Inventory $10.44M
Prepaid Expenses
Receivables $4.131M
Other Receivables $362.0K
Total Short-Term Assets $23.41M
YoY Change 2.82%
LONG-TERM ASSETS
Property, Plant & Equipment $139.8M
YoY Change -6.47%
Goodwill $7.154M
YoY Change 0.0%
Intangibles $504.0K
YoY Change -11.42%
Long-Term Investments
YoY Change
Other Assets $1.751M
YoY Change 4.29%
Total Long-Term Assets $317.1M
YoY Change -8.36%
TOTAL ASSETS
Total Short-Term Assets $23.41M
Total Long-Term Assets $317.1M
Total Assets $340.5M
YoY Change -7.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.04M
YoY Change -9.19%
Accrued Expenses $13.27M
YoY Change 10.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.642M
YoY Change -31.58%
Total Short-Term Liabilities $76.22M
YoY Change 0.84%
LONG-TERM LIABILITIES
Long-Term Debt $88.36M
YoY Change 37.97%
Other Long-Term Liabilities $4.895M
YoY Change -23.92%
Total Long-Term Liabilities $93.25M
YoY Change 32.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.22M
Total Long-Term Liabilities $93.25M
Total Liabilities $336.8M
YoY Change 0.14%
SHAREHOLDERS EQUITY
Retained Earnings -$174.8M
YoY Change 22.98%
Common Stock $481.0K
YoY Change 1.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.735M
YoY Change
Total Liabilities & Shareholders Equity $340.5M
YoY Change -7.67%

Cashflow Statement

Concept 2024 Q4
OPERATING ACTIVITIES
Net Income -$6.755M
YoY Change -1065.0%
Depreciation, Depletion And Amortization $7.248M
YoY Change 9.39%
Cash From Operating Activities $5.817M
YoY Change -65.66%
INVESTING ACTIVITIES
Capital Expenditures $7.147M
YoY Change -44.21%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$7.147M
YoY Change -44.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.832M
YoY Change -159.62%
NET CHANGE
Cash From Operating Activities 5.817M
Cash From Investing Activities -7.147M
Cash From Financing Activities 2.832M
Net Change In Cash 1.502M
YoY Change -342.26%
FREE CASH FLOW
Cash From Operating Activities $5.817M
Capital Expenditures $7.147M
Free Cash Flow -$1.330M
YoY Change -132.2%

Facts In Submission

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NOODLES & COMPANY
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-26472000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3674000 usd
CY2024Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-127000 usd
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
148000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46166320 shares
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
9643000 usd
CY2024Q4 ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
27000 usd
CY2024Q4 us-gaap Net Income Loss
NetIncomeLoss
-6755000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
36080000 usd
CY2023Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
5014000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
3319000 usd
us-gaap Net Income Loss
NetIncomeLoss
-26520000 usd
CY2024Q4 us-gaap Stockholders Equity
StockholdersEquity
3735000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
38364000 usd
ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
-644000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
5014000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3719000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21985000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19313000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
48000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
45000 usd
ndls Asset Disposals Closure Costs And Restaurant Impairments Less Noncash Portion
AssetDisposalsClosureCostsAndRestaurantImpairmentsLessNoncashPortion
11357000 usd
ndls Asset Disposals Closure Costs And Restaurant Impairments Less Noncash Portion
AssetDisposalsClosureCostsAndRestaurantImpairmentsLessNoncashPortion
2385000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
412000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
270000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3276000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3472000 usd
ndls Gain On Insurance Proceeds For Property Damage
GainOnInsuranceProceedsForPropertyDamage
0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36722000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22921000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
4772000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
4781000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
12500000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
22500000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1833000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1796000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4981000 usd
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-224000 usd
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-644000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5671000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10298000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
295000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1007000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3013000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1523000 usd
CY2024Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3308000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2530000 usd
CY2024Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
471 restaurant
CY2024Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31 state
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Fiscal Period
FiscalPeriod
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates on a 52- or 53-week fiscal year ending on the Tuesday closest to December 31. The Company’s fiscal quarters each contain 13 operating weeks, with the exception of the fourth quarter of a 53-week fiscal year, which contains 14 operating weeks. Fiscal year 2024, which ends on December 31, 2024, and fiscal year 2023, which ended on January 2, 2024, each contain 52 weeks. The Company’s fiscal quarter that ended October 1, 2024 is referred to as the third quarter of 2024, and the fiscal quarter ended October 3, 2023 is referred to as the third quarter of 2023.</span></div>
CY2024Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4131000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5144000 usd
CY2024Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1504000 usd
CY2024Q1 us-gaap Prepaid Insurance
PrepaidInsurance
928000 usd
CY2024Q4 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
844000 usd
CY2024Q1 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
800000 usd
CY2024Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2801000 usd
CY2024Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2127000 usd
CY2024Q4 us-gaap Other Assets Current
OtherAssetsCurrent
24000 usd
CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
24000 usd
CY2024Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5173000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3879000 usd
CY2024Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
412617000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
415358000 usd
CY2024Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
272848000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
263182000 usd
CY2024Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
139769000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
152176000 usd
CY2024Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
8242000 usd
CY2024Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
5205000 usd
CY2024Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1100000 usd
CY2024Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
698000 usd
CY2024Q4 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
1726000 usd
CY2024Q1 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
1866000 usd
CY2024Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11068000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7769000 usd
CY2024Q4 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
1801000 usd
CY2024Q1 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
2222000 usd
CY2024Q4 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
2195000 usd
CY2024Q1 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1066000 usd
CY2024Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1340000 usd
CY2024Q1 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1311000 usd
CY2024Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1642000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2337000 usd
CY2024Q4 ndls Other Accrued Restaurant Expense Current
OtherAccruedRestaurantExpenseCurrent
1063000 usd
CY2024Q1 ndls Other Accrued Restaurant Expense Current
OtherAccruedRestaurantExpenseCurrent
1466000 usd
CY2024Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5227000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4548000 usd
CY2024Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13268000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12950000 usd
CY2024Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-127000 usd
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
148000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45000 usd
CY2024Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.018
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.175
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.012
CY2024Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
811000 usd
CY2023Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
694000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3345000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3580000 usd
CY2024Q4 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
10000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
14000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
43000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
56000 usd
CY2024Q4 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
160000 usd
CY2023Q4 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
731000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
11264000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1240000 usd
CY2024Q4 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
995000 usd
CY2023Q4 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
189000 usd
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
1257000 usd
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
996000 usd
CY2024Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1047000 usd
CY2023Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1215000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2967000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3077000 usd
CY2024Q4 ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
2202000 usd
CY2023Q4 ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
2135000 usd
ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
15488000 usd
ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
5313000 usd
CY2024Q4 ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
0 restaurant
ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
12 restaurant
CY2024Q4 ndls Number Of Restaurants With Lease Related Assets Written Down
NumberOfRestaurantsWithLeaseRelatedAssetsWrittenDown
1 restaurant
ndls Number Of Restaurants With Lease Related Assets Written Down
NumberOfRestaurantsWithLeaseRelatedAssetsWrittenDown
5 restaurant
CY2023Q4 ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
0 restaurant
ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
1 restaurant
CY2023Q4 ndls Number Of Restaurants With Lease Related Assets Written Down
NumberOfRestaurantsWithLeaseRelatedAssetsWrittenDown
2 restaurant
ndls Number Of Restaurants With Lease Related Assets Written Down
NumberOfRestaurantsWithLeaseRelatedAssetsWrittenDown
4 restaurant
CY2024Q4 ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
5 restaurant
ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
7 restaurant
CY2024Q4 ndls Increase Decrease To Accrual For Early Lease Terminations
IncreaseDecreaseToAccrualForEarlyLeaseTerminations
400000 usd
ndls Increase Decrease To Accrual For Early Lease Terminations
IncreaseDecreaseToAccrualForEarlyLeaseTerminations
800000 usd
CY2024Q4 ndls Number Of Upcoming Early Lease Terminations
NumberOfUpcomingEarlyLeaseTerminations
2 restaurant
ndls Number Of Upcoming Early Lease Terminations
NumberOfUpcomingEarlyLeaseTerminations
4 restaurant
CY2023Q4 ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
0 restaurant
ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
4 restaurant
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
500000 usd
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
500000 usd
CY2024Q4 ndls Number Of Restaurants Related To Disposal
NumberOfRestaurantsRelatedToDisposal
6 restaurant
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
0 usd
CY2024Q4 us-gaap Net Income Loss
NetIncomeLoss
-6755000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
700000 usd
us-gaap Net Income Loss
NetIncomeLoss
-26520000 usd
us-gaap Net Income Loss
NetIncomeLoss
-3719000 usd
CY2024Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45639662 shares
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45935305 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45389989 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46166320 shares
CY2024Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
73346 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45639662 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46008651 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45389989 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46166320 shares
CY2024Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2024Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2024Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4035933 shares
CY2023Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3488884 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3743581 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3442798 shares
CY2024Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
167948000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
183857000 usd
CY2024Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1870000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3440000 usd
CY2024Q4 ndls Total Leased Asset
TotalLeasedAsset
169818000 usd
CY2024Q1 ndls Total Leased Asset
TotalLeasedAsset
187297000 usd
CY2024Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
31846000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
30104000 usd
CY2024Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1642000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2337000 usd
CY2024Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
167020000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
186285000 usd
CY2024Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
438000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1469000 usd
CY2024Q4 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
200946000 usd
CY2024Q1 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
220195000 usd
CY2024Q4 us-gaap Sublease Income
SubleaseIncome
800000 usd
CY2023Q4 us-gaap Sublease Income
SubleaseIncome
700000 usd
us-gaap Sublease Income
SubleaseIncome
2300000 usd
us-gaap Sublease Income
SubleaseIncome
2400000 usd
CY2024Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
10890000 usd
CY2023Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
10769000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
32736000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
31856000 usd
CY2024Q4 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
673000 usd
CY2023Q4 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
626000 usd
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
1974000 usd
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
2028000 usd
CY2024Q4 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
11563000 usd
CY2023Q4 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
11395000 usd
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
34710000 usd
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
33884000 usd
CY2024Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
92000 usd
CY2023Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9857000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6488000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23631000 usd
CY2024Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
47000 usd
CY2023Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
179000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
137000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
356000 usd
CY2024Q4 ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
139000 usd
CY2023Q4 ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
10036000 usd
ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
6625000 usd
ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
23987000 usd
us-gaap Interest Paid Net
InterestPaidNet
5405000 usd
us-gaap Interest Paid Net
InterestPaidNet
2604000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
156000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2816000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9272000 usd
ndls Revenue Recognition Gift Cards Expected Unredeemed Percent
RevenueRecognitionGiftCardsExpectedUnredeemedPercent
0.14
ndls Revenue Recognition Gift Cards Estimated Redemption Period
RevenueRecognitionGiftCardsEstimatedRedemptionPeriod
P24M
CY2024Q4 ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
500000 usd
CY2023Q4 ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
600000 usd
ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
2100000 usd
ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
2200000 usd
ndls Contract With Customer Period In Which Initial Fees Received From Franchisees Will Be Recognized As Revenue
ContractWithCustomerPeriodInWhichInitialFeesReceivedFromFranchiseesWillBeRecognizedAsRevenue
P20Y
CY2024Q4 ndls Contract With Customer Loyalty Program Liability Current
ContractWithCustomerLoyaltyProgramLiabilityCurrent
1000000.0 usd
CY2024Q1 ndls Contract With Customer Loyalty Program Liability Current
ContractWithCustomerLoyaltyProgramLiabilityCurrent
900000 usd
CY2024Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001275158-24-000098-index-headers.html Edgar Link pending
0001275158-24-000098-index.html Edgar Link pending
0001275158-24-000098.txt Edgar Link pending
0001275158-24-000098-xbrl.zip Edgar Link pending
a2024q3exhibit311.htm Edgar Link pending
a2024q3exhibit312.htm Edgar Link pending
a2024q3exhibit321.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
ndls-20241001.htm Edgar Link pending
ndls-20241001.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
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R44.htm Edgar Link pending
ndls-20241001_cal.xml Edgar Link unprocessable
ndls-20241001_def.xml Edgar Link unprocessable
ndls-20241001_lab.xml Edgar Link unprocessable
ndls-20241001_pre.xml Edgar Link unprocessable
ndls-20241001_htm.xml Edgar Link completed
R45.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable