What financial statements does Noodles & Company provide for the current fiscal year?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
11.03 Periodic Reports. You must furnish us: (a) no later than the first (1st) business day immediately following the end of the applicable Reporting Period, a report of Net Royalty Sales for the preceding Reporting Period; (b) within 90 days after the end of each fiscal year, a year-end balance sheet and income statement and statement of cash flow of your Noodles & Company Restaurant for such year, reflecting all year-end adjustments and accruals; (c) on the 25th day of each month or other fiscal period, Income Statement and Balance Sheet for the prior month or other fiscal period; and (d) within 30 days of our request, such other information as we may require from time to time, including sales mix data, food and labor cost reports and sales and income tax statements. All such reports shall use our then-current standard chart of accounts. You must verify that the information in each such report and financial statement is complete and accurate and sign it. We reserve the right to require that your annual financial statements be audited, at your expense, by an independent certified public accountant approved by us. We reserve the right to publish or disclose information that we obtain under this Section in any data compilations, collections, or aggregations that we deem appropriate, in our sole discretion, so long as we do not disclose information relating to performance of your individual Noodles & Company Restaurant, unless such disclosure is required by law or order of a court. We require you to use the reporting periods and fiscal year used by us.
Source: Item 23 — RECEIPT (FDD pages 99–350)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, franchisees are required to furnish specific financial statements. Within 90 days after the end of each fiscal year, a franchisee must provide a year-end balance sheet, an income statement, and a statement of cash flow for their Noodles & Company Restaurant. These statements must reflect all year-end adjustments and accruals.
Additionally, on the 25th day of each month or other fiscal period, franchisees must submit an Income Statement and Balance Sheet for the prior month or fiscal period. All reports must use Noodles & Company's standard chart of accounts. The franchisee must verify and sign each report and financial statement, confirming its completeness and accuracy.
Noodles & Company retains the right to request that the annual financial statements be audited at the franchisee's expense by an independent certified public accountant approved by Noodles & Company. Furthermore, Noodles & Company reserves the right to publish or disclose information obtained from these reports in data compilations, collections, or aggregations, provided that the performance of an individual Noodles & Company Restaurant is not disclosed unless required by law or court order. Franchisees are required to use the same reporting periods and fiscal year as Noodles & Company.