Noodles Q4 2023 Adj EPS $(0.070) Misses $(0.010) Estimate, Sales $124.320M Miss $125.335M Estimate
Portfolio Pulse from Benzinga Newsdesk
Noodles & Co. reported Q4 2023 adjusted EPS of $(0.070), missing estimates by 600%, and sales of $124.320M, missing estimates by 0.81%. This represents an 8.90% decrease in sales compared to the same period last year.
March 07, 2024 | 9:27 pm
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NEGATIVE IMPACT
Noodles & Co. reported a significant miss in Q4 2023 earnings and sales, with adjusted EPS and sales missing estimates by 600% and 0.81%, respectively.
The significant miss in both earnings and sales compared to analyst estimates, coupled with a notable year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100