No, but I agree that the CEO is cannibalizing locations.
I drove through Peewanee Wisconsin a few months ago and that location was packed.
I was hoping other locations were experiencing the same thing, but I guess not.
Sounds like NDLS is trying something different in Toronto, Ontario.
Unfortunately it reminds me of what COSI tried, and we know how badly that went.
Traditionally demand drops for oil after summer ends.
But I know several people flying to China in September because of lower airfares.
The market is not pricing this in.
Most people don't expect low oil prices to last forever.
They will take advantage of it while they can.
Cashback is not a loser.
He's been short from the high 30 and laughing at us all the way to the bank.
He is also correct in pointing out that the concept is silly.
By its own admission, Noodles introduced "Buff Bowls" which are healthy, highly profitable and don't contain a single noodle.
franz: I agree with you...and I am long NDLS.
In 2010 I bought IQNT (TNDM back then) at $20 and the stock slowly drifted lower.
They announced a $17 buyback and IQNT popped up to $17.
After the buyback ended, IQNT plunged to less than $2.
IQNT is back up to $17 now and has paid over $4 in dividends.
Thanks to management selling a bad investment and focusing on their core business.
...So, anyone wanting OUT of NDLS, selling at $18 might be a wise choice.
I think NDLS announced a buyback because some of their investors wanted out.
Visited Dundee and Arlington Heights Rd at 1:15.
Store was half full and people were eating outside.
Tried the Buff Bowl. Delicious, healthy...and $9.50 including tax.
As I left, more people were coming in.
Must be weather related because this place is dead in the winter.
Had a bad experience at the Panda Express the day before.
The place is run by young kids, including the manager.
They ran out of my dish, asked me to step out of line, and then totally forgot about me.
That would never happen at Noodles because everything is made to order and they bring the food to you.
My daughter tried Shake Shack and loved it.