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Negative comps at Noodles in Q1, shares -5.5%

  • Noodles (NDLS) reports a 1.6% drop in comparable restaurant sales in Q1.
  • The company also saw a 130 bp fall in restaurant level operating margin to 17.3%. Highest costs tied to harsh winter weather and the light average unit volume were factors.
  • For 2014, Noodles sees comp sales growth of 2.5% to 3.0%.
  • NDLS -5.5% AH
Comments (2)
  • Austin Wentzlaff
    , contributor
    Comments (19) | Send Message
     
    All of this was already addressed by management. They warned that the weather would affect Q1 numbers across the board. I see this as a short-term hiccup, providing a solid buying point for long term investors.
    29 Apr, 05:06 PM Reply Like
  • sevynsimon
    , contributor
    Comments (20) | Send Message
     
    Amen. Long NDLS and was looking for an excuse to scoop up more shares.
    29 Apr, 07:57 PM Reply Like
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