Noodles & Co. (NDLS) delivered earnings and revenue surprises of 10.00% and -0.67%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Noodles & Company (NASDAQ:NDLS), known for serving classic noodle, Zoodle and Caulifloodle dishes from around the world, invites guests to participate in the new Tour de Noodles challenge – from now through May 31 – to sample four menu destinations from around the globe and earn a free entree in return. From Classic Noodles to World Famous Macs to Asian Noodles to Zoodles and Caulifloodles, guests can travel to unique locations through their taste buds and receive free noodles for taking the trip. To participate, guests can sign up for Noodles Rewards at noodles.com/rewards or via the Noodles app. New and existing members will then select the brand-new "Challenges" section from the account dashboard to start and track progress along way. The Tour de Noodles entrees are available for quick pick-up, curbside pick-up at select locations or via delivery.
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Noodles & Company (NDLS) system-wide comps declines 7.2% in first-quarter 2020 due to the coronavirus pandemic.
With its sales falling by nearly 50% over the final three weeks of March, Noodles & Company (Nasdaq: NDLS) has furloughed or cut hours for nearly a third of its corporate workers and halted investment in new capital development, the company announced. Almost all of the company’s more than 450 restaurants remain open, and sales have begun to rebound slightly in April, officials said in a business update filed with the U.S. Securities and Exchange Commission ahead of the Broomfield-based company’s May 6 first-quarter earnings release. Noodles also has borrowed $55.5 million since the start of 2020 under its revolving credit facility to increase its cash balance, though CEO Dave Boennighausen told Denver Business Journal in an earlier interview that the move was precautionary.
The refund is applicable for the 41 passengers who deboarded the New Delhi bound train at Sabarmati Railway Station in Ahmedabad on May 5, as they had all reported high body temperatures.
Noodles & Company (NDLS), known for serving classic noodle, Zoodle and Caulifloodle dishes from around the world, today released preliminary unaudited comparable sales results from the fiscal first quarter ended March 31, 2020 as well as a business update on the impact of the COVID-19 pandemic and steps the company has taken to conserve cash and increase available liquidity to maximize financial flexibility under the current market conditions. After a strong 2019 reflecting continued momentum in sales, margin and bottom line growth, Noodles & Company began 2020 with significant business momentum, resulting in mid-single digit comparable sales growth during the first ten weeks of the year.
The One Group Hospitality (Nasdaq: STKS), the Denver-based operator of STK steakhouse and Kona Grill, became the latest company to suspend earnings guidance for 2020 on Tuesday, citing “unprecedented market conditions domestically and internationally” from coronavirus. Several of its international locations — including those in Milan, Italy and Doha, Qatar are closed temporarily. Colorado on Monday ordered that in-facility dining and drinking be shut down at bars and restaurants for one month, while Denver officials issued a similar prohibition through May 11.
Rating Action: Moody's affirms nine and downgrades three classes of UBS 2013- C5. Global Credit Research- 22 May 2020. Approximately $1.15 billion of structured securities affected.
Q1 2020 Noodles & Co Earnings Call
Noodles & Company (NDLS) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Rating Action: Moody's affirms nine and downgrades three classes of UBS 2013- C5. Global Credit Research- 22 May 2020. Approximately $1.15 billion of structured securities affected.
There is as yet no date as to when either driving tests or NCTs will recommence
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Noodles & Company (NASDAQ:NDLS), known for serving classic noodle, Zoodle and Caulifloodle dishes from around the world, today announced it will temporarily transition to pick-up/carryout and delivery only and close in-restaurant dining areas effective March 17, 2020. The company will also reduce operating hours, closing all restaurants at 8 p.m. every day.
Noodles & Company (NDLS), known for serving classic noodle, Zoodle and Caulifloodle dishes from around the world, has announced it now offers free direct delivery through Noodles.com and the Noodles & Company app. Historically, over half of Noodles & Company’s sales have been through to-go and delivery offerings, and our expanded delivery options will allow the company to leverage this strong capability during this uncertain time. Noodles & Company will offer free delivery on all orders of $15 or more placed via Noodles.com or on the Noodles Rewards app through March 31, 2020 at participating locations.
Third-party delivery services, which already were a source of great division in the restaurant industry, are becoming even more debated during the coronavirus crisis, with some full-service restaurant chains particularly saying they are a life-saver and other Denver-based chains saying the costs of using them are getting even harder to bear as revenues and profit margins shrink. Major third-party delivery services — think Grubhub (NYSE: GRUB), DoorDash, Uber Eats, etc. — tend to take commissions from restaurants ranging from 15% to 28% on each order that is placed through them. Now restaurants that used to see no more than 15% to 20% of their orders placed for delivery — or, in some cases, far less — may see half or more of revenue generated this way, as Colorado has shut down in-facility dining through at least April 30 and Denver through May 11.
Note Ticket booking counters at the railway stations will remain closed Only the passengers with valid confirmed tickets will be allowed to enter
The chains are pivoting to new ways of operating that they anticipate will benefit the restaurants after the virus subsides.
Restaurants and breweries are mired in uncertainty as the coronavirus pandemic has shut down traditional operations, with upscale eateries dipping into the takeout food business for the first time and others ceasing all operations temporarily to deal with the rapidly changing situation. Denver Mayor Michael Hancock ordered all in-facility dining and drinking at restaurants and bars to cease from March 17 to May 11. Gov. Jared Polis issued a slightly more lenient ban, requiring otherwide food and beverage hubs across the state — as well as casinos, theaters and gyms — to close for 30 days.
BROOMFIELD, Colo. (AP) — Noodles & Co. (NDLS) on Wednesday reported a loss of $5.8 million in its first quarter.
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Noodles & Company (NDLS) today announced that it will host a conference call to provide a business update as well as discuss its first quarter 2020 financial results on Wednesday, May 6, 2020 at 4:30 p.m. ET. Hosting the call will be Dave Boennighausen, Chief Executive Officer and Ken Kuick, Chief Financial Officer. A press release with first quarter 2020 financial results will be issued after the market close that same day.
Noodles & Company (NASDAQ:NDLS), known for serving classic noodle, Zoodle and Caulifloodle dishes from around the world, today announced it now offers free delivery through Noodles.com. To make life easier for guests and to allow them to enjoy the Noodles they know and love within the comfort of their own home, Noodles & Company will offer free delivery on all orders of $15 or more placed via Noodles.com or on the Noodles Rewards app effective today through March 31, 2020 at participating locations.
Continues to Leverage Strong Off-Premise CapabilitiesStrong Sales First Ten Weeks of Year Offset by COVID-19 Impact In Latter March BROOMFIELD, Colo., May 06, 2020 -- Noodles.
Noodles & Company (NASDAQ:NDLS), known for serving classic noodle, Zoodle and Caulifloodle dishes from around the world, announced new Noodles Family Meals for a cause, available nationwide beginning today. Family meals are only available online and guests can choose quick pick-up at any location or the added convenience of new curbside pick-up at nearly 350 locations nationwide. Additionally, guests can also enjoy free delivery through April 30 when ordering directly from Noodles.com or the Noodles app*.
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