Noodles Full Year 2023 Earnings: EPS Misses Expectations
Noodles (NASDAQ:NDLS) Full Year 2023 Results
Key Financial Results
Revenue: US$503.4m (down 1.2% from FY 2022).
Net loss: US$9.86m (loss widened by 197% from FY 2022).
US$0.21 loss per share (further deteriorated from US$0.072 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Noodles EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 103%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 11% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Noodles (including 2 which make us uncomfortable).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
