Who is considered the Chief Operating Decision Maker (CODM) for Noodles & Company?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company's Chief Operating Decision Maker ("CODM") is the senior executive team that includes the Chief Executive Officer, the Chief Financial Officer and the Chief Operating Officer. The Company has one reportable operating segment. The reportable operating segment is comprised of one operating segment, which has been aggregated to a single operating segment in consideration of the aggregation criteria set forth in ASC 280. The one reportable segment derives its revenue from companyowned restaurants and franchise owned restaurants. No guest accounts for 10% or more of the Company's revenues. The Company's CODM uses income (loss) from operations to evaluate performance and make key operating decisions, such as deciding the rate at which we invest resources into the segment.
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the Chief Operating Decision Maker (CODM) is not a single individual but rather a team. Specifically, the CODM consists of the senior executive team, which includes the Chief Executive Officer, the Chief Financial Officer, and the Chief Operating Officer.
This senior executive team uses income (loss) from operations to evaluate the performance of Noodles & Company and to make key operating decisions. These decisions include determining the rate at which resources are invested into the company's single reportable segment, which comprises both company-owned and franchise-owned restaurants.
For a prospective franchisee, this information indicates that strategic and financial decisions are made collectively by top-level executives. This may suggest a more collaborative approach to leadership and decision-making within Noodles & Company, which could impact how the franchisor responds to franchisee needs and market changes.