Noodles & Company raises annual same-store sales guidance to 7%-10% after 9.4% Q1 gain
Noodles & Company’s systemwide same-store sales rose over 9% in Q1, driven by a 9.4% increase at company-owned restaurants and nearly 5% traffic growth. The chain closed about 60 underperforming locations this year, boosting nearby store performance and raising annual same-store sales growth guidance to 7%-10%.
1. First-quarter sales surge
Noodles & Company reported systemwide same-store sales up over 9%, with 9.4% growth at company units and traffic rising nearly 5% in Q1. These results mark the continuation of its turnaround strategy launched two years ago.
2. Turnaround and closures
The chain closed about 60 underperforming restaurants last year and in Q1, reallocating resources to higher-performing locations and enhancing menu offerings, operations, and marketing. Executives noted that closures boosted sales at neighboring stores.
3. Raised full-year guidance
CEO Joe Christina raised full-year same-store sales growth guidance to 7%-10%, reflecting confidence in operational improvements and the impact of targeted restaurant closures on systemwide performance.