What was the total provision for income taxes for Noodles & Company in 2023?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
nd other" and the offsetting lease expense has been recorded in "Restaurant impairments, closure costs and asset disposals" in the Consolidated Statement of Operations.
7. Income Taxes
The components of the provision (benefit) for income taxes are as follows for 2024, 2023 and 2022 (in thousands):
| 2024 | 2023 | 2022 |
|---|
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the total provision for income taxes in 2023 was $24,000. This figure represents the sum of current and deferred tax expenses that Noodles & Company recognized in its financial statements for that year.
For a prospective franchisee, understanding the franchisor's tax situation can offer insights into the overall financial health and profitability of the company. A consistent and manageable tax provision suggests stable financial planning and compliance. However, it's important to note that this figure reflects the company's overall tax liability and may not directly correlate with the tax obligations of individual franchise units.
It is important for potential franchisees to consult with financial advisors to understand the implications of these figures and how they might relate to their own potential business operations. While the franchisor's tax provision provides a general overview, individual franchisees will have their own specific tax considerations based on their unique circumstances.