A fast-casual chain serving noodle and pasta dishes, soups, salads, and appetizers, with 448 locations across 29 U.S. states. Think of it as the Chipotle of pasta bowls.
Revenue is roughly USD 0.50B a year, but the company loses money on both operating and net income — gross margins swung from 34% to 9% in recent years, and losses persist, so no single paying segment is profitable today.
Noodles & Company has no durable edge — fast-casual rivals like Chipotle and Panera can copy the format, and its brand lacks the scale or loyalty to block them. Moat level is weak because nothing stops customers from switching to any nearby quick-service optio
Key events, in time order
Q2 results released: comps +10.3%, revenue $127M, adj. EBITDA +79%
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