How many weeks were in the Noodles & Company fiscal year 2022, which ended on January 3, 2023?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company operates on a 52- or 53-week fiscal year ending on the Tuesday closest to December 31. Fiscal years 2024 and 2023 which ended on December 31, 2024 and January 2, 2024, respectively, each contained 52 weeks. Fiscal year 2022 which ended on January 3, 2023 contained 53 weeks.
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the company's fiscal year can be either 52 or 53 weeks, ending on the Tuesday closest to December 31.
For the fiscal year 2022, which concluded on January 3, 2023, Noodles & Company operated on a 53-week fiscal year. In contrast, the fiscal years 2024 and 2023, which ended on December 31, 2024, and January 2, 2024, respectively, each consisted of 52 weeks.
This variation in fiscal year length is a standard accounting practice to align the reporting period with business cycles. For a potential franchisee, this means that financial performance metrics for Noodles & Company can be compared across years with slightly different durations, which may need to be considered when analyzing trends and making projections.