Noodles & Co Q3 comparable sales rise, net loss narrows on menu innovation, cost cuts
NDLS•Noodles & Co reported Q3 revenue of $120.9 million, down 1%, while comparable sales rose 9.5% and net loss narrowed to $2.15 million from $9.2 million. It expects 2026 revenue of $485 million to $495 million and adjusted EBITDA of $35 million to $37 million.
1. Q3 results
Noodles & Co said comparable restaurant sales rose 9.5% in Q3, driven by improved restaurant execution, new menu offerings and focused marketing. Revenue fell 1% to $120.9 million, while net loss narrowed to $2.15 million from $9.2 million a year earlier; adjusted EBITDA was $8.7 million.
2. 2026 outlook
The company expects 2026 revenue of $485 million to $495 million, comparable restaurant sales growth of 9.0% to 10.0%, and adjusted EBITDA of $35 million to $37 million. It attributed margin gains to improved cost efficiencies and the elimination of underperforming restaurants.
