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Fast-casual flameout at Noodles

May 06, 2015 9:45 AM ETNoodles & Company (NDLS) StockNDLSBy: Clark Schultz, SA News Editor2 Comments
  • Execs with Noodles (NASDAQ:NDLS) were on the defensive during the firm's earnings call yesterday.
  • Analysts are puzzled as to why the chain is struggling in the key markets of Austin, Washington D.C., and Colorado (Noodles' original home).
  • CEO Kevin Reddy indicated the company is considering making some changes.
  • "So I really think it’s the time in nurturing to become kind of a local, by local concept we need for overcome the resistance of a national brand," said Reddy.
  • It's a slightly curious comment from the leader of a national brand.
  • Noodles earnings call transcript
  • Previously: Noodles & Company misses by $0.02, misses on revenue (May. 05 2015)
  • Previously: Noodles whacked after lowering guidance below expectations (May. 05 2015)
  • Shares of NDLS are down 18.3% and sit at 52-week lows.

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