What is the total segment revenue 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 |
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 revenue for the company in 2022 was $509,480,000. This figure represents the combined revenue from both company-owned restaurants and franchise-owned restaurants.
Understanding the total segment revenue is crucial for potential franchisees as it provides a high-level view of the brand's overall financial performance. While this number doesn't break down the specific revenue generated by franchise locations versus company-owned locations, it demonstrates the brand's market presence and customer demand. A prospective franchisee should investigate further to understand the revenue trends and factors contributing to these figures.
It's important to note that while the total segment revenue was $509,480,000, the segment loss from operations for the same year was $(832,000). This indicates that, in 2022, the expenses exceeded the revenue, resulting in a loss. A potential franchisee should consider both the revenue and expenses to understand the overall profitability of Noodles & Company.