Noodles & Company announced its first quarter 2025 financial results on May 7, 2025, reporting a net loss of $9.1 million, or $0.20 per share. Total revenue for the quarter increased by 2.0% year-over-year to $123.8 million. Comparable restaurant sales saw a positive increase of 4.7%, with company-owned restaurants up 4.4% and franchise restaurants up 5.8%.
Despite the positive sales momentum, the restaurant contribution margin for Q1 2025 was 12.8%, a decrease from 13.5% in the first quarter of 2024. Adjusted EBITDA for the quarter was $6.0 million, down from $7.4 million in the prior year. As of April 1, 2025, the company had $1.4 million in cash and cash equivalents, with $102.7 million in outstanding debt.
The company revised its full-year 2025 guidance, lowering the projected restaurant contribution margin to between 11.8% and 12.6% from the previously communicated 12.5% to 13.5%. Additionally, planned company-owned restaurant closures for 2025 were increased to between 13 and 17, up from the prior estimate of 4 to 7. CEO Drew Madsen noted that the strong comparable sales and traffic performance was driven by the fully reimagined new menu and increased marketing investment.
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