A slight decrease in same-store sales dragged down profits at 410-unit Noodles & Company for the second quarter ended July 1. Revenue at the Broomfield, Colo.-based fast-casual operator rose 11.5 percent, to $99.5 million, from $89.2 million in the same quarter last year. Profits declined to $3.7 million, from $4 million the previous year. Kevin Reddy, chairman and chief executive officer of Noodles & Company, expressed disappointment in the chain’s results, but said his ...
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Contact: Desiree Torres Desiree.Torres@penton.com