For what period were the consolidated statements of operations, stockholders' equity (deficit) and cash flows audited for Noodles & Company?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
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"). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and January 2, 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the consolidated statements of operations, stockholders' equity (deficit), and cash flows were audited for each of the three years in the period ended December 31, 2024. The audit also covered the consolidated balance sheets as of December 31, 2024 and January 2, 2024.
Specifically, the audit firm Ernst & Young LLP, issued an opinion that the consolidated financial statements present fairly the financial position of Noodles & Company at December 31, 2024 and January 2, 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.
This means that prospective Noodles & Company franchisees can review these audited statements to gain an understanding of the company's recent financial performance over a three-year period. This includes insights into Noodles & Company's revenues, expenses, profits, equity, and cash flows, all of which can be helpful in assessing the financial health and stability of the company.