What is the purpose of the Notes to Consolidated Financial Statements for Noodles & Company?

According to the 2025 Noodles & Company Franchise Disclosure Document, the Notes to Consolidated Financial Statements are included as part of the company's financial statements. These notes are meant to provide additional context and details to the figures presented in the core financial statements.

The consolidated financial statements for Noodles & Company include the Consolidated Balance Sheets as of December 31, 2024, and January 2, 2024, Consolidated Statements of Operations for the years ended December 31, 2024, January 2, 2024, and January 3, 2023, Consolidated Statements of Stockholders' Equity (Deficit) for the years ended December 31, 2024, January 2, 2024 and January 3, 2023, and Consolidated Statements of Cash Flows for the years ended December 31, 2024, January 2, 2024 and January 3, 2023.

For a prospective Noodles & Company franchisee, reviewing these notes is crucial for a comprehensive understanding of the company's financial health and accounting practices. The notes can clarify specific accounting policies, explain significant changes in financial statement items, and disclose any contingent liabilities or commitments that may not be evident from the face of the financial statements alone. Understanding these details can help a franchisee assess the financial risks and opportunities associated with investing in a Noodles & Company franchise.