Noodles & Company Expects FY24 Total Revenue Of $510M-$525M (Est $531.664M), Including Flat To +3% Comparable Restaurant Sales Growth
Portfolio Pulse from Benzinga Newsdesk
Noodles & Company forecasts its FY24 total revenue to be between $510M and $525M, with an estimated comparable restaurant sales growth of flat to +3%. This projection falls short of the estimated $531.664M.
March 07, 2024 | 9:40 pm
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NEGATIVE IMPACT
Noodles & Company's FY24 revenue forecast is below market expectations, with a projection of $510M-$525M compared to an estimated $531.664M.
The company's revenue forecast being lower than market expectations suggests potential underperformance in the upcoming fiscal year. This could lead to negative investor sentiment and a possible decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100