What was the 'Restaurant revenue' for Noodles & Company for the fiscal year ended December 31, 2024?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
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| (148,244) |
| Total stockholders' (deficit) equity | (5,579) | 27,160 | | Total liabilities and stockholders' equity | $ 324,648 | $ 368,095 |
Noodles & Company Consolidated Statements of Operations (in thousands, except share and per share data)
| Fiscal Year Ended | |||||
|---|---|---|---|---|---|
| December 31, 2024 | January 2, 2024 | January 3, 2023 | |||
| Revenue: | |||||
| Restaurant revenue | $ 483,097 | $ | 492,648 | $ | 498,359 |
| Franchising royalties and fees, and other | 10,174 | 10,757 | 11,121 | ||
| Total revenue | 493,271 | 503,405 | 509,480 | ||
| Costs and expenses: | |||||
| Restaurant operating costs (exclusive of depreciation and amortization shown | |||||
| separately below): | |||||
| 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 costs and expenses | 521,049 | 508,434 | 510,312 | ||
| Loss from operations | (27,778) | (5,029) | (832) | ||
| Interest expense, net | 8,381 | 4,803 | 2,445 | ||
| Loss before income taxes | (36,159) | (9,832) | (3,277) | ||
| Provision for income taxes | 54 | 24 | 37 | ||
| Net loss | $ (36,213) $ | (9,856) $ | (3,314) | ||
| Loss per Class A and Class B common stock, combined | |||||
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the restaurant revenue for the fiscal year ended December 31, 2024, was $483,097 (in thousands). This figure represents the income generated directly from sales in Noodles & Company restaurants, both company-owned and franchised locations. It's a key indicator of the brand's overall sales performance and customer demand.
For a prospective franchisee, understanding restaurant revenue is crucial because it directly impacts potential earnings and profitability. While this number reflects the total revenue across all locations, franchisees will be most interested in the revenue figures for individual restaurants, especially those similar to the location they are considering. This overall revenue figure provides a general sense of the brand's financial health, but further due diligence is needed to assess the revenue potential of a specific franchise unit.
It's also important to note that restaurant revenue does not represent profit. The FDD excerpt shows that Noodles & Company also incurs significant costs, including cost of sales ($123,692), labor ($154,258), occupancy ($46,366), and other restaurant operating costs ($95,032) for the same period. After accounting for all costs and expenses, Noodles & Company experienced a loss from operations of $27,778 for the fiscal year ended December 31, 2024. This highlights the importance of carefully reviewing all financial statements and understanding the expenses associated with running a Noodles & Company franchise.