What was 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 is a key indicator of the overall costs associated with running the company's operations, which includes both company-owned and franchised locations. Understanding this number helps prospective franchisees gauge the financial health and efficiency of Noodles & Company.
Segment expenses include various costs such as the 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. These expenses are critical for assessing the profitability and operational effectiveness of Noodles & Company. A detailed breakdown of these individual components allows potential franchisees to identify areas where costs are highest and where there might be opportunities for improvement or cost management.
When evaluating a franchise opportunity, it's essential to compare these expenses with the total segment revenue, which for Noodles & Company in 2024 was $493,271. The difference between revenue and expenses results in a segment loss from operations of $(27,778). This loss indicates that in 2024, the company's expenses exceeded its revenue, which is a critical factor for potential franchisees to consider. Understanding these financial dynamics is crucial for making an informed investment decision.