Restaurant chain Noodles & Co Q2 revenue rises, net loss narrows
NDLS•Quarterly metrics and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $127 million | $119.40 million (1 Analyst) |
| Q2 Adjusted EPS | Beat | $0.18 | -$0.05 (1 Analyst) |
| Q2 Net Loss | $4 million | ||
| Q2 Adjusted EBITDA | Beat | $10.80 million | $8.90 million (1 Analyst) |
| Q2 Comparable restaurant sales Growth | 10.30% |
The one available analyst rating on the shares is "hold". The average consensus recommendation for the restaurants & bars peer group is "buy."
Quarterly results improve as sales and margins rise
U.S. fast-casual chain's Q2 revenue rose 0.5% year over year, with system-wide comparable sales up 10.3%.
Adjusted EBITDA for Q2 rose 79% year over year; net loss narrowed to $4.0 million.
Management cites menu, marketing and portfolio optimization
The company said improved menu offerings and more effective marketing contributed to sales and margin gains.
It also cited the success of its portfolio optimization program as a driver of improved results.
The company said strong traffic growth continued, with comparable sales growth exceeding the fast-casual Black Box index over the last 12 months.
