What was the segment loss from operations 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 |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the segment loss from operations in 2023 was approximately $5.029 million. This figure is derived from the selected financial information regarding the single reportable segment regularly reviewed by the company's Chief Operating Decision Maker.
This loss from operations indicates that, in 2023, the total segment expenses exceeded the total segment revenue. Specifically, Noodles & Company had a total segment revenue of $503.405 million, while the total segment expenses amounted to $508.434 million. This resulted in the $5.029 million loss.
For a prospective franchisee, this information is crucial as it provides insight into the financial performance of Noodles & Company's overall operations. While the company operates as a single reportable segment, understanding the factors contributing to these losses can help potential franchisees assess the financial stability and potential risks associated with investing in a Noodles & Company franchise. It's important to consider these figures in conjunction with other financial data and trends to gain a comprehensive understanding of the company's financial health.