Noodles Q1 2024 Adj EPS $(0.13) Beats $(0.17) Estimate, Sales $121.395M Miss $121.410M Estimate
Portfolio Pulse from Benzinga Newsdesk
Noodles & Co. (NDLS) reported Q1 2024 adjusted EPS of $(0.13), surpassing the $(0.17) estimate, but its sales of $121.395M slightly missed the $121.410M forecast. This represents a 160% increase in losses and a 3.71% decrease in sales compared to the same period last year.
May 08, 2024 | 8:48 pm
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Noodles & Co. reported a smaller-than-expected Q1 2024 loss per share but missed sales estimates slightly, with increased losses and decreased sales year-over-year.
The mixed results with a better-than-expected EPS but a slight miss on sales could lead to neutral market reaction. The significant increase in losses compared to last year might concern investors, but the EPS beat could offset negative sentiment.
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