What is the total segment revenue 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 revenue for the company in 2024 was $493,271. This revenue is derived from both company-owned restaurants and franchise-owned restaurants. The document also provides a breakdown of revenue sources, including restaurant revenue and franchising royalties and fees.
Specifically, the restaurant revenue for Noodles & Company in 2024 was $483,097, while franchising royalties and fees amounted to $10,174. These figures are part of the selected financial information reviewed by the company's Chief Operating Decision Maker (CODM), which includes the CEO, CFO, and COO, to evaluate performance and make key operating decisions. The CODM uses income (loss) from operations to decide how to allocate resources within the segment.
Prospective franchisees should note that while total segment revenue is a significant indicator of overall financial health, it's essential to consider other factors such as cost of sales, labor expenses, occupancy costs, and other operating expenses. In 2024, Noodles & Company experienced a segment loss from operations of $(27,778), indicating that expenses exceeded revenue for that period. Reviewing these figures in detail can provide a more comprehensive understanding of the company's financial performance and potential profitability for franchisees.