From GlobeNewswire:

Noodles & Company revealed Q4 and full year 2023 financial results, showing a 8.9% decrease in Q4 revenue to $124.3 million and a net loss of $6.1 million. For the full year, revenue declined 1.2% to $503.4 million with a net loss of $9.9 million. The company plans to focus on operational excellence, menu transformation, and digital capabilities going forward. They reported having $3.0 million in available cash and $82.2 million in outstanding debt as of January 2, 2024. They provided a business outlook for 2024 with revenue expectations of $510 million to $525 million.

The Company highlighted key financial data for Q4 and fiscal year 2023, including revenue declines and net losses. They announced plans to focus on operational improvements and digital capabilities moving forward. As of January 2, 2024, they had $3.0 million in available cash. The company provided a business outlook for 2024 with revenue expectations of $510 million to $525 million.



Read more at GlobeNewswire:: Noodles & Company Announces Fourth Quarter and Full Year