Are the Noodles & Company Consolidated Balance Sheets presented in thousands or millions of dollars?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
Noodles & Company Consolidated Balance Sheets (in thousands, except share data)
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the Consolidated Balance Sheets are presented in thousands of dollars, except for share data. This means that all the dollar figures on the balance sheets are shown in thousands, which is a common practice for larger companies to simplify the presentation of financial information.
For a prospective franchisee, this is important to understand when reviewing the financial statements. For example, if an asset is listed as $100, it actually represents $100,000. This format helps in quickly grasping the overall financial position of Noodles & Company without having to deal with excessively large numbers.
It's also worth noting that while the balance sheets are in thousands, the share data is presented in its actual value. This distinction is explicitly mentioned to avoid any confusion when analyzing the equity section of the balance sheet. Franchisees should pay attention to these details to accurately interpret the financial health and performance of Noodles & Company.