What was the value of Noodles & Company's accrued bonus in 2024, in thousands?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Leasehold improvements | $ 230,211 | $ 232,060 |
| Furniture, fixtures and equipment | 177,070 | 176,872 |
| Construction in progress | 4,463 | 6,426 |
| 411,744 | 415,358 | |
| Accumulated depreciation and amortization | (274,507) | (263,182) |
| Property and equipment, net | $ 137,237 | $ 152,176 |
Accrued payroll and benefits consist of the following (
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the accrued bonus for 2024 was $1,405,000. This figure represents the total amount of bonus compensation that Noodles & Company had committed to pay its employees but had not yet disbursed as of the end of the fiscal year. This is in contrast to the $698,000 accrued in 2023.
For a prospective franchisee, understanding the accrued bonus amounts can provide insight into the company's financial management and employee compensation practices. Accrued expenses like bonuses are a normal part of business operations, reflecting obligations that Noodles & Company has incurred but not yet settled. A significant change in accrued bonus amounts from year to year could signal shifts in company performance, compensation policies, or financial strategies.
It's important to note that this figure represents the accrued bonus for the entire Noodles & Company organization, including both company-owned and franchised locations. Franchisees should focus on how these broader financial trends might impact their individual franchise operations, such as potential changes in support services or marketing initiatives driven by overall company profitability. Reviewing these figures in the context of the company's overall financial health, as detailed in the complete financial statements, is advisable for any potential investor.