What is the earliest year for which financial data is presented in the Noodles & Company Consolidated Statements of Operations?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT F TO THE FRANCHISE DISCLOSURE DOCUMENT FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Directors of Noodles & Company
Opinion on the Financial Statements
We have audited the accompanying consolidated balance sheets of Noodles & Company (the Company) as of December 31, 2024 and January 2, 2024, the related consolidated statements of operations, stockholders' equity (deficit) and cash flows for each of the three years in the period ended December 31, 2024, and the related notes (collectively referred to as the "consolidated financial statements").
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the Consolidated Statements of Operations include financial data for three years. The Report of Independent Registered Public Accounting Firm states that the consolidated financial statements include the consolidated statements of operations for each of the three years in the period ended December 31, 2024. The years include December 31, 2024, January 2, 2024 and January 3, 2023. Therefore, the earliest year for which financial data is presented in the Noodles & Company Consolidated Statements of Operations is 2022, with the fiscal year ending on January 3, 2023.
Prospective franchisees can review these statements to understand Noodles & Company's financial performance over the past three years. This historical data can provide insights into revenue trends, expenses, and overall profitability. Understanding these trends can help a franchisee assess the potential financial viability of investing in a Noodles & Company franchise.
It is important to note that past performance is not necessarily indicative of future results. However, reviewing several years of financial statements can provide a more comprehensive understanding of the company's financial health and stability. Franchisees should consult with a financial advisor to fully understand the implications of the financial statements and how they relate to their own investment goals and risk tolerance.