What were the other restaurant operating costs for Noodles & Company in 2024 (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 2024 were $95,032 (in thousands). This figure is part of the total segment expenses, which amounted to $521,049 (in thousands) for the same year.
Other restaurant operating costs do not include depreciation and amortization, which are listed separately. These costs are a significant component of the overall expenses for Noodles & Company restaurants. For a prospective franchisee, understanding and managing these operating costs is crucial for maintaining profitability. These costs can include items such as utilities, repairs and maintenance, and various supplies necessary for the daily operation of the restaurant.
It's important to note that these figures reflect the performance of company-owned restaurants and may not directly translate to franchised locations. Factors such as local market conditions, management efficiency, and specific franchise agreements can influence the operating costs of individual franchise units. Therefore, potential franchisees should conduct thorough due diligence and develop detailed financial projections based on their specific circumstances.
Reviewing the trends in these costs over the three-year period (2022-2024) can provide additional insights. While other restaurant operating costs were $91,220 in 2022 and $91,559 in 2023, they increased to $95,032 in 2024. This increase could be due to various factors, such as inflation, changes in operational practices, or increased marketing expenses. Understanding the reasons behind these fluctuations is essential for franchisees to effectively manage their expenses and maintain a healthy bottom line.