Friday, November 4, 2016

Noodles & Company looks at closing more under-performing restaurants

Image result for noodles and companyWeighed down by another quarterly drop in same-store sales, Noodles & Company says it will consider closing some of its under-performing stores or converting company-owned restaurants to franchised properties where local operators may be better equipped to turn them around.

Comparable restaurant sales fell for the fifth consecutive quarter, interim CEO Dave Boennighausen said during the Broomfield-based restaurant chain’s quarterly earnings call — this time by 0.7 percent from the third quarter of 2015. While revenue rose 4.6 percent to $122.7 million for the 528-store fast-casual chain, Noodles reported an adjusted net loss of $1.1 million or 4 cents per diluted share.. . . more

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