What was the total segment revenue for Noodles & Company in 2024 (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 2024 was $493,271 (in thousands). This figure represents the combined revenue from restaurant operations, franchising royalties and fees, and other sources. This is a decrease compared to the total segment revenue in 2023, which was $503,405 (in thousands).
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 includes both company-owned and franchise locations, it gives an overview of the brand's revenue-generating capacity. A decrease in total segment revenue, as seen from 2023 to 2024, may warrant further investigation into the factors contributing to this decline.
It is important to note that while the total segment revenue provides a high-level overview, it does not break down the specific revenue generated by franchise locations versus company-owned restaurants. A prospective franchisee should inquire about the revenue performance of existing franchise locations to gain a more accurate understanding of the potential revenue they could generate. Additionally, understanding the trends in franchising royalties and fees can provide insight into the growth and performance of the franchise system itself.
Overall, the total segment revenue is a key metric for assessing the financial performance of Noodles & Company. However, prospective franchisees should conduct further due diligence to understand the specific factors driving revenue and the potential for revenue generation at individual franchise locations.