Noodles & Company 3Q 2026: Revenue $120.87M, EPS ($0.36) — 10-Q Summary

Noodles & Company (NDLS) updated its 2026 adjusted EBITDA outlook to $35M-$37M, citing strong sales momentum. CEO Joseph Christina reported 9.5% system-wide comparable sales growth, driven by 10.7% growth at company-owned restaurants, including 7.8% traffic growth, marking eight consecutive quarters of positive growth. The company also announced ramen as a permanent menu category.

Noodles & Company reported mixed Q3 results with 9.5% same-store sales growth and 7.8% traffic increase, but revenue declined 1.0% to $120.9M and net loss was $2.1M. The company is closing stores for long-term gains, with AUVs up 15.2% and restaurant margins at 16.7%. Debt stands at $101M with $1.5M in cash, and stock fell 12% post-results.

Noodles & Company reported mixed Q3 results, with 9.5% same-store sales growth and 7.8% traffic increase, but revenue declined 1.0% to $120.9M and net loss narrowed to $2.1M. The company closed 14 stores, aiming for 41-44 closures by 2026, and plans to focus on menu innovation and marketing. Despite improvements in AUVs and margins, debt remains at $101M with $1.5M in cash. Stock fell 12% post-results.

Noodles & Company reported a 9.5% increase in same-store sales for Q3, driven by restaurant closures, menu innovations, and operational improvements. Adjusted EBITDA rose 34% to $8.7M. The company plans further closures and new menu items in 2027, aiming for full-year revenue of $485M-$495M and adjusted EBITDA of $35M-$37M.

Noodles & Company (NDLS) reported a 5.5% rise in comparable sales in October, driven by its new ramen offerings, which accounted for a double-digit percentage of product mix. The company tightened its full-year 2026 guidance, projecting revenue of $485M to $495M and comparable sales growth of 9% to 10%. NDLS also expects to reduce debt to $100M by year-end and extended its credit facility's maturity date to Nov. 30, 2027.

Noodles & Company (NDLS) stock rose 5.02% in premarket trading after its Q3 2026 results beat earnings and revenue expectations, with a narrower adjusted loss of $0.04 per share and revenue of $120.9M. Comparable sales grew 9.5%, and the company improved restaurant margins and adjusted EBITDA. Full-year guidance was raised, but the company plans to close 34-36 restaurants.