Q3 2025 Noodles & Co Earnings Call Transcript
Key Points
- Comparable sales grew 4% in the third quarter, with momentum accelerating to an 8% increase in October.
- The Delicious Duos platform introduced in late July has been successful, mixing around 4% to 5% and enhancing the brand's value proposition.
- Digital sales, particularly through third-party delivery, increased by 12%, strengthening brand awareness and accessibility.
- The Chili Garlic Ramen limited-time offer has been well-received, driving guest curiosity and repeat business.
- Adjusted EBITDA improved by $1.6 million or approximately 33%, reflecting sales improvement and cost controls.
- Total revenue decreased by 0.5% compared to last year, reaching $122.1 million.
- Company comp traffic during the third quarter decreased slightly by 0.6%, despite positive trends in the latter half of the quarter.
- Net loss for the third quarter was $9.2 million, compared to a net loss of $6.8 million last year.
- A $5.3 million non-cash impairment charge was incurred due to the decision to close underperforming restaurants.
- Other restaurant operating costs increased by 40 basis points, driven by higher third-party delivery fees and marketing expenses.
Good afternoon and welcome to Noodles & Company's third-quarter 2025 earnings conference call. (Operator Instructions) As a reminder, this call is being recorded.
I would now like to introduce your host, Noodles & Company's Chief Financial Officer, Mike Hines. Thank you. You may begin.
Thank you and good afternoon, everyone. Welcome to our third-quarter 2025 earnings call. Here with me this afternoon is Joe Christina, our Chief Executive Officer. I'd like to start by going over a few regulatory matters. During the call, we may make forward-looking statements regarding future events or the future financial performance of the company. Any such items should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act.
Such statements or only projections, and actual events or results could differ from those projections due to a number of risks and uncertainties, including those referred to in this afternoon's news release and the
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