$305.3 M

NDLS Mkt cap, 14-Dec-2018

$112.8 M

Noodles & Company Revenue Q2, 2017
Noodles & Company Gross profit (Q2, 2017)83.2 M
Noodles & Company Gross profit margin (Q2, 2017), %73.8%
Noodles & Company Net income (Q2, 2017)-1.8 M
Noodles & Company EBIT (Q2, 2017)-808 K
Noodles & Company Cash, 07-Apr-20173.2 M

Noodles & Company Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

350.9m403.7m455.5m487.5m487.5m

Revenue growth, %

15%13%7%

Cost of goods sold

120.5m130.6m130.6m

Gross profit

335.0m356.8m356.8m

Gross profit Margin, %

74%73%73%

General and administrative expense

37.2m55.7m

Operating expense total

476.5m55.7m

Depreciation and amortization

27.8m

EBIT

(21.1m)(67.5m)(67.5m)

EBIT margin, %

(5%)(14%)(14%)

Interest expense

1.4m2.9m2.9m

Pre tax profit

(22.5m)(70.4m)(70.4m)

Income tax expense

(8.7m)1.2m1.2m

Net Income

6.7m11.4m(13.8m)(71.7m)(71.7m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2017

Revenue

115.2m117.3m114.0m121.4m122.7m116.7m112.8m

Cost of goods sold

29.9m30.9m30.2m32.2m33.1m32.1m29.6m

Gross profit

85.4m86.4m83.8m89.2m89.6m84.6m83.2m

Gross profit Margin, %

74%74%74%74%73%73%74%

General and administrative expense

9.2m9.4m10.0m9.8m15.3m10.7m9.4m

Operating expense total

110.2m132.6m116.8m132.7m131.7m142.4m113.6m

Depreciation and amortization

6.9m

EBIT

5.0m(15.3m)(2.8m)(11.3m)(9.1m)(25.6m)(808.0k)

EBIT margin, %

4%(13%)(2%)(9%)(7%)(22%)(1%)

Interest expense

198.0k391.0k628.0k598.0k738.0k1.0m927.0k

Pre tax profit

4.8m(15.7m)(3.5m)(11.9m)(9.8m)(26.7m)(1.7m)

Income tax expense

1.8m(5.9m)(1.1m)2.2m41.0k191.0k80.0k

Net Income

3.3m1.4m3.5m2.9m(2.8m)3.1m(9.8m)(2.4m)(14.1m)(9.8m)(26.8m)(1.8m)

Noodles & Company Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

968.0k1.9m1.9m1.8m1.8m

Accounts Receivable

4.2m4.6m5.0m5.4m5.4m

Inventories

7.2m9.4m10.5m11.3m11.3m

Current Assets

18.3m22.8m25.4m25.8m25.8m

PP&E

167.6m205.6m203.7m173.5m173.5m

Goodwill

6.4m6.4m6.4m6.4m

Total Assets

187.8m238.9m240.0m209.5m209.5m

Accounts Payable

8.2m10.9m15.1m10.6m10.6m

Short-term debt

Current Liabilities

24.2m25.8m32.9m49.0m49.0m

Long-term debt

6.3m27.5m67.7m84.7m84.7m

Total Debt

6.3m67.7m84.7m

Total Liabilities

63.3m146.2m183.6m

Additional Paid-in Capital

116.6m120.9m120.6m124.3m124.3m

Retained Earnings

10.3m21.7m8.0m(63.7m)(63.7m)

Total Equity

124.5m140.1m93.8m25.8m25.8m

Debt to Equity Ratio

3.3 x

Debt to Assets Ratio

0.4 x

Financial Leverage

1.5 x1.7 x2.6 x8.1 x8.1 x

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2017

Cash

589.0k668.0k710.0k2.2m1.6m2.0m2.0m1.9m1.9m2.0m3.2m3.2m

Accounts Receivable

5.8m4.0m4.2m3.9m3.8m4.3m3.9m5.2m5.4m4.8m3.4m2.9m

Inventories

7.1m7.6m8.3m9.2m9.7m9.9m10.4m10.7m10.8m11.2m9.7m10.1m

Current Assets

18.5m17.8m19.2m22.0m22.9m23.2m24.1m26.7m21.9m27.1m23.8m23.3m

PP&E

158.4m172.3m180.4m195.1m201.9m208.8m198.1m206.5m201.8m202.3m169.7m164.1m

Goodwill

6.5m6.4m2.0m2.0m6.4m6.4m6.4m6.4m6.4m

Total Assets

181.8m192.3m202.6m227.5m235.3m242.7m234.2m244.0m233.9m239.6m203.6m197.4m

Accounts Payable

8.8m8.6m9.0m11.7m10.8m11.4m11.3m10.1m9.6m9.3m11.0m9.4m

Current Liabilities

27.6m24.5m24.9m32.0m28.4m28.8m32.3m31.3m28.1m35.5m49.0m42.5m

Long-term debt

1.7m6.6m9.6m21.5m22.5m29.9m60.4m74.1m78.5m

Total Debt

1.7m6.6m9.6m21.5m22.5m29.9m60.4m74.1m78.5m

Total Liabilities

59.3m65.6m70.7m91.9m96.5m106.1m136.7m151.9m154.6m168.8m158.4m153.5m

Additional Paid-in Capital

114.3m117.5m119.2m120.0m122.4m123.4m120.1m121.2m122.5m123.9m158.9m170.9m

Retained Earnings

7.9m11.7m15.3m18.2m19.0m22.0m12.2m5.6m(8.5m)(18.3m)(90.6m)(92.4m)

Total Equity

122.5m126.7m131.9m135.7m138.8m136.6m97.5m92.1m79.3m70.8m33.7m43.9m

Debt to Equity Ratio

0 x0.1 x0.1 x0.2 x0.2 x

Debt to Assets Ratio

0 x0 x0 x0.1 x0.1 x

Financial Leverage

1.5 x1.5 x1.5 x1.7 x1.7 x1.8 x2.4 x2.6 x2.9 x3.4 x6 x4.5 x

Noodles & Company Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

6.7m11.4m(13.8m)(71.7m)(71.7m)

Depreciation and Amortization

20.6m24.8m27.8m28.1m28.1m

Accounts Receivable

(437.0k)(443.0k)(443.0k)

Inventories

(1.2m)(1.8m)(1.1m)(790.0k)(790.0k)

Accounts Payable

(230.0k)2.7m2.8m(2.4m)(2.4m)

Cash From Operating Activities

43.6m49.0m44.5m24.7m24.7m

Purchases of PP&E

(54.4m)(56.4m)(50.1m)(43.3m)(43.3m)

Cash From Investing Activities

(54.4m)(72.1m)(50.7m)(42.8m)(42.8m)

Long-term Borrowings

(224.5m)(289.3m)(384.8m)(1.0m)(1.0m)

Cash From Financing Activities

11.2m24.0m6.4m17.9m17.9m

Income Taxes Paid

392.0k(24.0k)(193.0k)564.0k564.0k

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018

Net Income

4.3m1.4m5.0m7.9m(2.8m)310.0k(9.5m)(2.4m)(14.1m)(9.8m)(26.8m)

Depreciation and Amortization

15.1m5.6m11.5m18.0m6.9m13.8m21.0m6.9m7.1m7.0m6.3m

Accounts Receivable

(1.3m)244.0k69.0k318.0k708.0k242.0k686.0k(224.0k)5.4m4.8m3.4m

Inventories

(1.0m)(400.0k)(1.0m)(1.6m)(277.0k)(473.0k)(945.0k)(231.0k)10.8m11.2m9.7m

Accounts Payable

787.0k1.4m651.0k3.2m459.0k(329.0k)512.0k(2.7m)9.6m9.3m11.0m

Cash From Operating Activities

32.5m10.3m19.1m37.5m13.3m22.7m37.9m5.7m

Purchases of PP&E

(39.8m)(11.5m)(24.5m)(39.9m)(9.8m)(21.9m)(35.6m)(12.3m)

Cash From Investing Activities

(39.8m)(11.5m)(24.5m)(53.6m)(9.8m)(22.5m)(36.2m)(12.3m)

Long-term Borrowings

(194.5m)(41.6m)(125.7m)(196.1m)(87.3m)(179.9m)(295.1m)(95.6m)

Cash From Financing Activities

7.3m953.0k5.1m17.4m(3.8m)(60.0k)(1.4m)6.5m

Income Taxes Paid

1.9m930.0k(163.0k)(505.0k)(463.0k)1.1m1.5m(1.0m)

Noodles & Company Ratios

USDY, 2017

Financial Leverage

4.5 x
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Noodles & Company Operating Metrics

FY, 2015FY, 2017FY, 2018

Owned Restaurants

492 457 412

Franchised Restaurants

70 75 66

Average Spending per Customer

$8.55 $8.68 $8.81

Email Subscribers

1.30 m1.60 m1.80 m
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Noodles & Company Employee Rating

3.3847 votes
Culture & Values
3.6
Work/Life Balance
3.2
Senior Management
3.0
Salary & Benefits
3.1
Career Opportunities
3.3
Source