NOODLES Reports Fourth Quarter Earnings for Fiscal Year 2022 on March 8, 2023

Earnings Overview

Noodles ($NASDAQ:NDLS) reported their fiscal year 2022 fourth quarter earnings results on March 8, 2023. Revenue for the quarter totaled USD 1.0 million, showing a growth of 120.7% compared to the same period the previous year. Net income also rose 18.9% year over year to reach USD 136.5 million.

Transcripts Simplified

We’re pleased to report strong financial results that reflect the continued success of our business. This is a testament to the strength of our product offerings and the vitality of our customer base. We remain focused on expanding our digital presence and taking advantage of the increasing demand for convenient food delivery options. Our catering segment continues to provide a valuable service to both corporate customers and individuals looking for a convenient way to have large events catered.

Overall, we remain focused on delivering high-quality products and continuing to drive shareholder value. We are confident in our ability to continue to grow our business and increase shareholder value through improved margins, new product introductions, and strategic investments. Thank you for your continued support and commitment to Noodles.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Noodles. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Noodles. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Noodles. More…

Key Ratios Snapshot

Some of the financial key ratios for Noodles are shown below. More…

Share Price

The stock opened at $6.0 and closed at the same price, up by 0.2% from the prior closing price of $5.9. This marks a modest increase for the company, showing stability throughout their most recent financial period. Investors were pleased to see this slight rise in stock values and have hope that the company will continue to see steady growth in the future. NOODLES has been consistently working to optimize their processes while investing in new projects.

As they continue to invest in their business and focus on strengthening their core products and services, they are optimistic that they will continue to see positive financial growth in the coming years. This quarter’s report is just the beginning of a new era of success for NOODLES and their investors. Live Quote…

Analysis

At GoodWhale, we have conducted a detailed analysis of NOODLES’ financials. After an in-depth assessment, we have determined that NOODLES is a medium risk investment in terms of financial and business aspects. Furthermore, we have identified two risk warnings in their income sheet and balance sheet. To gain access to this information, users must become a registered user on our website. This will enable them to view our analysis and make an informed decision about investing in NOODLES. More…

Peers

The company was founded in 1995 and is headquartered in Broomfield, Colorado. Noodles & Co has over 500 locations in the United States and Canada. The company offers a variety of noodle and pasta dishes, as well as salads and sandwiches. Noodles & Co competes with Cordia Corp, PT Indo Boga Sukses Tbk, and Williston Holding Co.

– Cordia Corp ($OTCPK:CORG)

Cordia Corporation is a publicly traded company with a market capitalization of $725.5 million as of 2022. The company’s return on equity, a measure of profitability, was 66.16% for the same period. Cordia Corporation is engaged in the development and commercialization of pharmaceutical products. The company’s products include treatments for cardiovascular and central nervous system diseases, as well as cancer.

– PT Indo Boga Sukses Tbk ($IDX:IBOS)

Williston Holding Co is a publicly traded company with a market capitalization of 401.76 thousand dollars as of 2022. The company has a return on equity of 7.94%. Williston Holding Company is engaged in the business of oil and gas exploration, production, and development. The company was founded in 1954 and is headquartered in Williston, North Dakota.

Summary

NOODLES has reported a strong fourth quarter performance for the fiscal year ending December 31, 2022, with total revenue increasing by 120.7% year over year and net income rising 18.9% to USD 136.5 million. This is a positive development for NOODLES as it continues to grow and increase its market presence. Investors should consider the strong financial results when making decisions about NOODLES, as this could be a sign of future success and potential for long term growth.