What was 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 |
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 figure represents the combined revenue from restaurant sales, franchising royalties and fees, and other related income streams. This information is derived from the segment reporting, which is regularly reviewed by Noodles & Company's Chief Operating Decision Maker (CODM), which includes the senior executive team.
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 the total segment revenue reflects the entire company's earnings, franchisees should also consider individual restaurant performance and market conditions to assess their potential revenue. The FDD also breaks down the revenue into 'Restaurant revenue' and 'Franchising royalties and fees, and other', allowing potential franchisees to see how much revenue is generated by company owned restaurants versus franchise operations.
It's important to note that while the total segment revenue provides a high-level overview, it does not reflect the profitability of the company. The FDD also includes details on the company's expenses, such as cost of sales, labor, occupancy, and other operating costs, which ultimately impact the segment loss from operations. In 2024, Noodles & Company experienced a segment loss from operations of $(27,778). Therefore, prospective franchisees should carefully analyze both the revenue and expense figures to gain a comprehensive understanding of the company's financial performance and potential profitability.