What was the total segment revenue for Noodles & Company in 2023 (in thousands)?
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 | |------------
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 2023 was $503,405 (in thousands). This figure represents the combined revenue from both company-owned restaurants and franchise royalties and fees. This information is part of the segment reporting data that Noodles & Company's Chief Operating Decision Maker uses to assess performance and guide key operating decisions.
For a prospective franchisee, this indicates the overall revenue generation capability of the Noodles & Company system. It's important to note that this is system-wide revenue and not the revenue of an individual franchise location. A franchisee's revenue will depend on factors such as location, operating costs, and local market conditions.
Understanding the components of this revenue, such as restaurant revenue versus franchise royalties and fees, can provide insights into the revenue streams that support the Noodles & Company business model. Reviewing these figures over multiple years, as presented in the table, can also reveal trends in the company's financial performance.