Noodles & Company announced on September 3, 2025, that its Board of Directors has initiated a review of strategic alternatives to explore ways to maximize shareholder value. This review encompasses a range of potential options, including refinancing existing indebtedness, refranchising or selling all or part of the business, and other strategic or financial transactions. The company has retained Piper Sandler as its financial advisor to assist in this process.
Joe Christina, President and Chief Executive Officer, commented that the team has been working to optimize the recent menu transformation, including strengthening the value proposition through initiatives like the 'Delicious Duos' platform. He noted that 'Delicious Duos' contributed to strong comparable restaurant sales performance of positive 4.5% in August. Christina stated that now is an appropriate time to consider strategic options to more effectively maximize value for shareholders.
The company has not set a deadline or definitive timetable for the completion of this strategic alternatives review process. There is no assurance that this process will result in any transaction or particular outcome. Management will remain focused on executing strategic priorities to establish Noodles & Company as a top choice for comfort food cravings while the Board conducts its review.
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