What specific financial information is regularly reviewed by the Noodles & Company CODM?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company's Chief Operating Decision Maker ("CODM") is the senior executive team that includes the Chief Executive Officer, the Chief Financial Officer and the Chief Operating Officer. The Company has one reportable operating segment. The reportable operating segment is comprised of one operating segment, which has been aggregated to a single operating segment in consideration of the aggregation criteria set forth in ASC 280. The one reportable segment derives its revenue from companyowned restaurants and franchise owned restaurants. No guest accounts for 10% or more of the Company's revenues. The Company's CODM uses income (loss) 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):
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the Chief Operating Decision Maker (CODM), which includes the senior executive team (CEO, CFO, and COO), regularly reviews selected financial information related to the company's single reportable segment. This segment derives its revenue from both company-owned and franchise-owned restaurants.
The CODM uses income (loss) from operations to evaluate performance and make key operating decisions, such as determining the rate at which resources are invested into the segment. This implies that the profitability of both company-owned and franchised locations is a critical factor in strategic decision-making for Noodles & Company.
The FDD indicates that the selected financial information reviewed by the CODM is presented in a table for the years 2024, 2023, and 2022, providing a historical perspective on the financial performance of the Noodles & Company business. This allows the CODM to identify trends and make informed decisions about the future direction of the company.