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Noodles & Co (NDLS) Q4 Earnings Top Analysts’ Expectations

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Noodles & Co (NASDAQ: NDLS ) unveiled its latest quarterly earnings results after hours today.

The company reported a loss of $487,000 for its fourth quarter , or a loss of a penny per share. On an adjusted basis, the company earned a penny per share, which was better than analysts' expectations of a loss of a penny per share, according to the average estimate of four analysts surveyed by Zacks Investment Research .

Noodles & Co also saw its revenue come in at $112.8 million for the quarter. For the fiscal year 2017, the restaurant chain said that its loss was narrower than it was a year ago at $37.5 million, or $1.20 per share, while revenue came in at $456.5 million for the year.

The company's comparable restaurant sales fell 0.9% year-over-year systemwide for the quarter, while also falling 0.9% for company-owned restaurants and declining 0.9% for franchise restaurants. Noodles & Co opened one new company-owned restaurant in the fourth quarter of 2017.

For the full year, comparable restaurant sales fell 2.4% systemwide, decreased 2.7% for company-owned restaurants and were down 0.5% for franchise restaurants year-over-year. Noodles & Co added that it opened 15 new restaurants in fiscal 2017, including 12 company-owned restaurants and three franchise ones.

The company projects that its full-year results will be in the range of a loss of a penny per share to a profit of 3 cents per share, while revenue is slated to be between $440 million and $450 million.

NDLS stock was trading flat after the bell Wednesday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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