What is the total segment expenses for Noodles & Company in 2022?
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 total segment expenses for the company in 2022 were $510,312. This figure represents the sum of various costs associated with operating the Noodles & Company business, including cost of sales, labor, occupancy, other restaurant operating costs, general and administrative expenses, depreciation and amortization, pre-opening costs, and restaurant impairments, closure costs, and asset disposals.
For a prospective franchisee, understanding the components of these segment expenses is crucial for projecting their own potential costs and profitability. For example, the cost of sales reflects the direct expenses related to ingredients and supplies, while labor costs cover employee wages and benefits. Occupancy costs include rent and utilities, and other restaurant operating costs encompass items like marketing and maintenance. General and administrative expenses cover corporate overhead, and depreciation and amortization account for the wear and tear of assets.
Franchisees should carefully analyze these expense categories to identify areas where they might be able to control or reduce costs in their own operations. Comparing these figures to industry benchmarks and the franchisee's own financial projections can help assess the financial viability of the franchise. Additionally, understanding how these expenses have trended over time, as shown in the table for 2023 and 2024, can provide insights into potential future cost pressures or efficiencies.