What were the other restaurant operating costs for Noodles & Company in 2023 (in thousands)?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
from operations to evaluate performance and make key operating decisions, such as deciding the rate at which we invest resources into the segment.
The following table presents selected financial information with respect to our single reportable segment regularly reviewed by our CODM for 2024, 2023 and 2022 (in thousands):
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue: | ||||
| Restaurant revenue | $ 483,097 | $ | 492,648 | $ 498,359 |
| Franchising royalties and fees, and other | 10,174 | 10,757 | 11,121 | |
| Total segment revenue | 493,271 | 503,405 | 509,480 | |
| Less: | ||||
| Cost of sales | 123,692 | 124,102 | 137,859 | |
| Labor | 154,258 | 157,608 | 155,023 | |
| Occupancy | 46,366 | 45,925 | 45,213 | |
| Other restaurant operating costs | 95,032 | 91,559 | 91,220 | |
| General and administrative | 50,824 | 51,833 | 49,903 | |
| Depreciation and amortization | 29,066 | 26,792 | 23,268 | |
| Pre-opening | 1,543 | 2,215 | 1,662 | |
| Restaurant impairments, closure costs and asset disposals | 20,268 | 8,400 | 6,164 | |
| Total segment expenses | 521,049 | 508,434 | 510,312 | |
| Segment loss from operations | $ (27,778) $ | (5, |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the other restaurant operating costs for the company in 2023 were $91,559,000. This figure is part of the total segment expenses, which amounted to $508,434,000 for the same year.
Other restaurant operating costs are part of the broader category of restaurant operating costs, which excludes depreciation and amortization. These costs, along with other expenses such as the cost of sales, labor, and occupancy, contribute to the overall financial performance of Noodles & Company restaurants. Understanding these costs is crucial for prospective franchisees as they assess the potential profitability and operational efficiency of a Noodles & Company franchise.
For comparison, in 2024, other restaurant operating costs were $95,032,000 and in 2022, they were $91,220,000. These figures provide a historical context for understanding the fluctuations in operating costs over recent years. Such information is valuable for potential franchisees to gauge trends and make informed decisions about their investment.