NOODLES & Co — Form 8-K
Filed July 24, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Noodles & Company reported Q2 2026 revenue of $127.0M (flat YoY), system-wide comparable restaurant sales up 10.3%, and net loss narrowed to $4.0M ($0.67/share) from $17.6M loss ($3.04/share) prior year. Adjusted EBITDA surged 79% to $10.8M. Management raised FY2026 guidance: revenue $485–$500M, Adjusted EBITDA $34–$38M, with plans to close 30–35 company-owned and 5 franchised restaurants; debt of $105.4M as of June 30, 2026, with strategic alternatives review ongoing since September 2025.
Why this rating
Strong operational improvement (10% comps, 79% EBITDA growth, margin expansion +440bps) on tiny $26.1M market cap is material. However, flat revenue growth, $4M net loss, negative stockholder equity (−$51M), and high leverage ($105.4M debt) limit impact. Strategic review uncertainty adds risk.
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