What is the total segment expenses for Noodles & Company in 2024?
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 2024 were $521,049. This figure represents the sum of various costs associated with operating the Noodles & Company business, including the cost of sales, labor, occupancy, other restaurant operating costs, general and administrative expenses, depreciation and amortization, pre-opening expenses, and restaurant impairments, closure costs, and asset disposals. These expenses are subtracted from the total segment revenue to determine the segment loss from operations, which was $(27,778) for 2024.
Understanding the components of these expenses is crucial for prospective franchisees. For instance, 'Cost of sales' includes the direct costs of ingredients and supplies, while 'Labor' covers wages and benefits for restaurant staff. 'Occupancy' refers to rent and related costs for restaurant locations. 'Other restaurant operating costs' encompasses a variety of day-to-day expenses, such as utilities, marketing, and repairs. 'General and administrative' costs include corporate overhead and administrative salaries. Depreciation and amortization reflect the wear and tear on assets over time. Pre-opening costs are those incurred before a new restaurant opens, and restaurant impairments, closure costs, and asset disposals account for losses from underperforming or closed locations.
For a potential Noodles & Company franchisee, this information provides insight into the cost structure of the business. By examining these expenses, a franchisee can better understand where their money will be spent and identify areas where they might be able to control costs and improve profitability. It's important to note that these figures represent the company's overall performance and may not directly translate to an individual franchise location. Factors such as location, management efficiency, and local market conditions can significantly impact a franchisee's expenses and profitability.