Noodles Q2 2024 Adj. EPS $(0.05), Inline, Sales $127.352M Miss $130.697M Estimate
Portfolio Pulse from Benzinga Newsdesk
Noodles (NASDAQ:NDLS) reported Q2 2024 adjusted EPS of $(0.05), meeting analyst expectations. However, sales of $127.352 million missed the $130.697 million estimate by 2.56%, though they increased by 1.76% year-over-year.
August 07, 2024 | 9:17 pm
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Noodles reported Q2 2024 adjusted EPS of $(0.05), meeting analyst expectations. However, sales of $127.352 million missed the $130.697 million estimate by 2.56%, though they increased by 1.76% year-over-year.
While the EPS met expectations, the sales miss by 2.56% is likely to have a negative short-term impact on the stock price. The slight year-over-year sales increase may not be enough to offset the disappointment from missing sales estimates.
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