What was 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. This figure represents the combined revenue from restaurant operations, franchising royalties and fees, and other related income streams. This information is part of the company's consolidated financial statements, which have been audited by an independent registered public accounting firm.
For a prospective franchisee, understanding the total segment revenue is crucial as it provides insight into the overall financial health and performance of Noodles & Company. While this number reflects the entire company's revenue, it does not detail the specific revenue generated by individual franchise locations. Franchisees earn revenue through restaurant sales and may pay royalties based on a percentage of their sales.
It's important to note that while the total segment revenue provides a high-level overview, prospective franchisees should also consider other financial metrics such as cost of sales, labor expenses, and occupancy costs to get a comprehensive understanding of the company's profitability. These figures are also available in the provided table, allowing for a more detailed analysis of Noodles & Company's financial performance over the three-year period from 2022 to 2024.
In addition to the total segment revenue, the FDD also breaks down the revenue into restaurant revenue and franchising royalties and fees. This breakdown can help potential franchisees understand the relative contribution of each revenue stream to the company's overall financial performance. Understanding these revenue streams can help a franchisee project their potential earnings and assess the overall viability of the franchise opportunity.