Noodles & Company beats top-line and bottom-line estimates; updates FY26 outlook
Noodles & Company (NDLS) reported Q3 GAAP EPS of -$0.36, beating estimates by $0.12. Revenue was $120.9M, down 1.0% Y/Y but ahead of expectations by $3.6M. Restaurant contribution margin improved to 16.7% from 13.2% Y/Y. Adjusted EBITDA increased, according to the company.
How this was made

The 30-second read
Why it matters
The earnings beat could prompt short‑term buying interest and a price rally.
Market read
Earnings beat provides a fresh catalyst for NDLS, potentially driving short‑term upside.
What to watch
Margin improvement may be temporary; watch for guidance on FY26 outlook.
Background
Noodles & Company released its Q3 2025 earnings, reporting a slight revenue decline year‑over‑year but beating consensus estimates.
Ticker impact
Q3 earnings beat estimates with GAAP EPS of -$0.36 (beat by $0.12) and revenue of $120.9M (beat by $3.6M).
likely upward pressure as market prices in the earnings beat
Both EPS and revenue exceeded expectations, indicating better-than-forecast performance.
Market effects
May lift sentiment for the fast‑casual restaurant sector.
U.S. consumer‑discretionary stocks could see modest gains.
Limited to U.S. equities; no broader macro impact.
Counterpoint
The beat may be modest and could be priced in quickly, limiting upside.
Key entities
- companyNoodles & Company
U.S. fast‑casual restaurant chain (ticker NDLS).




