Noodles & Company (NDLS)

[KING_TRADER$]

http://www.marketwatch.com/story/noodles-company-announces-second-quarter-2014-financial-results-2014-08-13?reflink=MW_news_stmp

BROOMFIELD, Colo., Aug 13, 2014 (GLOBE NEWSWIRE via COMTEX) --

Noodles & Company NDLS -15.11% today announced financial results for its second quarter ended July 1, 2014.

Key highlights for the second quarter versus the same period a year ago include:

Total revenue increased 11.5% to $99.5 million from $89.2 million.

Comparable restaurant sales decreased 0.6% for company-owned restaurants, 1.2% for franchise restaurants and 0.7% system-wide.

Comparable restaurant sales, when adjusted for the Easter holiday shift, increased 0.3% for company-owned restaurants and 0.2% system-wide.

Quarter-to-date Q3 2014 (through August 12th) company-owned comparable restaurant sales increased 1.3%.

16 new restaurants opened system-wide in Q2, including 12 company-owned and four franchise restaurants, bringing the year-to-date openings to 30 new restaurants system-wide, including 25 company-owned and five franchise restaurants.

GAAP net income increased to $3.5 million from $0.1 million.

Adjusted net income(1) decreased 7.5% to $3.7 million, from $4.0 million, and adjusted earnings per diluted share decreased slightly to $0.12 from $0.13.


Adjusted EBITDA(1) was unchanged at $12.6 million.

NDLS 2Q showing decrease/decreasing sales and revenue. Investors will be worried to stay in this. Thus, the drop is foreseeable.