- 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.