Noodles & Company announced its fourth quarter and full year 2024 financial results on March 6, 2025. For Q4 2024, the company reported a net loss of $9.7 million, or $0.21 per share, with total revenue decreasing 1.9% year-over-year to $125.3 million. Comparable restaurant sales declined by 0.9% in the quarter.
For the full fiscal year 2024, Noodles & Company reported a net loss of $27.0 million, or $0.59 per share. Total revenue for the year decreased by 2.0% to $493.3 million, and comparable restaurant sales declined by 2.5%. The restaurant contribution margin for Q4 2024 was 12.9%, down from 13.5% in Q4 2023.
The company provided its full-year 2025 outlook, projecting total revenue between $500 million and $510 million and comparable restaurant sales growth of 2.0% to 4.0%. Restaurant contribution margin is expected to be between 12.5% and 13.5%. Management noted an improvement in Q4 2024 trends over Q3, with positive traffic and comparable restaurant sales growth over 3% in the first eight weeks of Q1 2025, driven by new menu items and promotional offers.
As of December 31, 2024, the company had $1.1 million in cash and cash equivalents, with $103.0 million in outstanding debt. The company had $19.0 million available for future borrowings under its revolving credit facility. Capital expenditures for 2025 are estimated between $15 million and $18 million.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.