What was the total state current tax provision for Noodles & Company in 2022?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
nd other" and the offsetting lease expense has been recorded in "Restaurant impairments, closure costs and asset disposals" in the Consolidated Statement of Operations.
7. Income Taxes
The components of the pr
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to the 2025 Noodles & Company Franchise Disclosure Document, the company's state current tax provision for 2022 was $77. This figure reflects the company's tax obligations to various state governments for that fiscal year. For a prospective franchisee, understanding these tax figures is crucial for assessing the overall financial health and stability of Noodles & Company. It provides insight into how the company manages its tax responsibilities at the state level, which can indirectly affect franchisees through brand reputation and the company's ability to invest in growth and support.
Franchisees should note that tax provisions can vary significantly from year to year due to changes in state tax laws, company profitability, and accounting practices. Therefore, it is essential to review these figures in the context of broader financial trends and consult with financial advisors to understand the potential implications for their investment. While this specific figure relates to Noodles & Company's overall financial performance, franchisees should also be aware of their own state and local tax obligations, which will be separate from the company's corporate taxes.
In the franchise industry, it is common for franchisors to disclose their tax provisions as part of their financial statements. This transparency helps potential franchisees evaluate the financial stability and compliance practices of the franchisor. However, it is important for franchisees to conduct their own due diligence and not solely rely on the franchisor's disclosures. Consulting with a financial advisor and legal counsel is crucial to fully understand the financial implications of investing in a Noodles & Company franchise.