Noodles & Co Q2 Revenue Beats, Loss Narrows; Raises 2026 Guidance
NDLS has more than doubled off its 52-week low of $3.57.
Summary
Noodles & Company delivered a strong Q2, with revenue of $127M beating the lone analyst estimate by over 6% and adjusted EPS of $0.18 crushing the -$0.05 consensus. Comparable sales surged 10.3%, marking continued traffic momentum that has outpaced the fast-casual Black Box index for 12 straight months. Adjusted EBITDA jumped 79% year-over-year to $10.8M, and the net loss narrowed to $4M. Management raised full-year guidance across the board — revenue now seen at $485M-$500M, comp sales growth of 8%-11%, and adjusted EBITDA of $34M-$38M — signaling confidence the turnaround is accelerating. This follows the Q1 beat in May, where the company showed a 62% reduction in net loss and a 218% EBITDA increase, suggesting the portfolio optimization and menu improvements are gaining real traction. With a market cap around $73M, these results materially change the earnings trajectory and could force the sole 'hold' rating to be revisited.
At the time of this announcement, NDLS was trading at $12.80 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $72.8M. The 52-week trading range was $3.57 to $16.10. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.