For how many years are the Noodles & Company statements of operations included?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
Stewart St, Suite 500 | | | Wausau, WI 54401 | | | (715) 845-5554 |
*connotes an Area Developer
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 21 — FINANCIAL STATEMENTS (FDD pages 97–98)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the company includes consolidated statements of operations for the past three years. The provided report from the independent registered public accounting firm states that they audited the consolidated balance sheets of Noodles & Company as of December 31, 2024, and January 2, 2024.
Additionally, the audit included 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. The auditor's opinion confirms that these financial statements present fairly the financial position of Noodles & Company as of the specified dates and the results of its operations and cash flows for the three-year period, in conformity with U.S. generally accepted accounting principles.
This three-year overview allows potential franchisees to review the brand's financial performance over time, which can help them assess the stability and trends of the company's financial health. Reviewing these statements can provide insight into revenue, expenses, and profitability, aiding in the decision-making process for investing in a Noodles & Company franchise.