Noodles & Company Sees FY24 Revenue $495M-$505M, Including -2% To Flat Comparable Restaurant Sales Growth Vs $513.77M Est.
Portfolio Pulse from Benzinga Newsdesk
Noodles & Company has revised its FY24 revenue guidance to $495M-$505M, with comparable restaurant sales growth expected to be between -2% to flat. The company also provided detailed expectations for margins, expenses, and new restaurant openings.
August 07, 2024 | 9:54 pm
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Noodles & Company has revised its FY24 revenue guidance to $495M-$505M, which is below the previous estimate of $513.77M. Comparable restaurant sales growth is expected to be between -2% to flat.
The revised revenue guidance is lower than the previous estimate, which is likely to negatively impact investor sentiment. Additionally, the expected flat to negative comparable restaurant sales growth indicates potential challenges in driving sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100