Noodles & Company Delivers 10.3% Comp Sales Growth in Q2 2026, Lifts Full-Year Outlook
NDLS has more than doubled off its 52-week low of $3.57.
Summary
Noodles & Company posted Q2 2026 comparable sales growth of 10.3% and raised full-year guidance, with adjusted EBITDA up 79% to $10.8 million. The results reinforce a sustained operational turnaround and improving financial flexibility.
Key Events · Earnings and Guidance · NDLS
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Q2 Comp Sales Surge 10.3%
System-wide comparable restaurant sales rose 10.3%, driven by an 11.4% increase at company-owned locations and 5.5% at franchise restaurants, marking seven consecutive quarters of positive comps.
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Adjusted EBITDA Jumps 79% to $10.8M
Adjusted EBITDA reached $10.8 million, up from $6.0 million a year ago, as restaurant contribution margin expanded 440 basis points to 17.2%.
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Full-Year Guidance Raised
Management lifted 2026 revenue guidance to $485M-$500M, restaurant contribution margin to 16%-17%, and adjusted EBITDA to $34M-$38M, reflecting confidence in sustained momentum.
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Strategic Review Ongoing
The Board's review of strategic alternatives, including a potential sale or refinancing, remains in process, with no transaction announced.
Analysis · NDLS · Trade & Services
A standout quarter for Noodles & Company saw system-wide comparable restaurant sales climb 10.3%, fueling a 79% surge in adjusted EBITDA to $10.8 million. The company raised its full-year revenue and profit guidance, underscoring confidence in sustained momentum. With a net loss of $4.0 million, the business is approaching breakeven, and management expects to reduce debt below 3x adjusted EBITDA by year-end. The ongoing strategic review adds a potential catalyst, though no transaction is imminent. This quarter marks a clear inflection point in the turnaround story.
At the time of this filing, NDLS was trading at $13.99 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 filing was assessed with positive market sentiment and an importance score of 8 out of 10.