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Noodles & Co.: 1Q Earnings Snapshot

BROOMFIELD, Colo. (AP) _ Noodles & Co. (NDLS) on Thursday reported a loss of $3.6 million in its first quarter.

The Broomfield, Colorado-based company said it had a loss of 9 cents per share. Losses, adjusted for asset impairment costs and pretax expenses, were 4 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The restaurant chain posted revenue of $110.5 million in the period.

Noodles & Co. expects full-year results to range from a loss of 1 cent per share to earnings of 3 cents per share, with revenue in the range of $440 million to $450 million.

Noodles & Co. shares have increased 49 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.80, a climb of 42 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NDLS at https://www.zacks.com/ap/NDLS