factual

What is the earliest year for which financial data is presented in the Noodles & Company Consolidated Statements of Stockholders' Equity (Deficit)?

Noodles_Company Franchise · 2025 FDD

Answer from 2025 FDD Document

Consolidated Balance Sheets as of December 31, 2024 and January 2, 2024 1
Consolidated Statements of Operations for the years ended December 31, 2024, January 2, 2024 and January 3, 2023 2
Consolidated Statements of Stockholders' Equity (Deficit) for the years ended December 31, 2024, January 2, 2024 3
and January 3, 2023
Consolidated Statements of Cash Flows for the years ended December 31, 2024, January 2, 2024 and January 3, 2023 4
Notes to Consolidated Financial Statements 5
Report of Independent Registered Public Accounting Firm (PCAOB ID: 42)

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 Stockholders' Equity (Deficit) include data for the years ended December 31, 2024, January 2, 2024, and January 3, 2023. This means that the earliest year for which financial data is presented in these statements is 2023.

This information is part of the audited financial statements, which provide an overview of Noodles & Company's financial performance and position. The inclusion of three years' worth of data allows for a comparison of financial performance over time, which can be useful for identifying trends and assessing the company's financial health. Prospective franchisees can use this data to evaluate the stability and profitability of Noodles & Company.

The report of the independent registered public accounting firm states that they have audited the consolidated financial statements of Noodles & Company for each of the three years in the period ended December 31, 2024. This audit provides an independent opinion on whether the financial statements present fairly the financial position, results of operations, and cash flows of Noodles & Company in conformity with U.S. generally accepted accounting principles.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.