Noodles & Company Sees FY23 EPS $(0.11)-$0.00 Vs $0.15 Est.; Revenue $500M-$510M Vs $538.41M Est.
Portfolio Pulse from Happy Mohamed
Noodles & Company has revised its 2023 performance guidance following its Q2 results. The company now expects total revenue of $500M-$510M, negative low single-digit Comparable Restaurant Sales, and adjusted EPS of $(0.11)-$0.00. This is lower than the estimated revenue of $538.41M and EPS of $0.15. The company also plans for about 5% new restaurant growth system-wide.
August 09, 2023 | 8:25 pm
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Noodles & Company has revised its 2023 guidance downwards, which could negatively impact investor sentiment and the company's stock price in the short term.
The company's revised guidance indicates lower than expected revenues and EPS for 2023. This could lead to a negative reaction from investors, potentially causing a decrease in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100