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Noodles & Company NDLS Q2 2026 earnings

Reported July 24, 2026 · Before market open

Revenue$127.0MBeat by $7.6M
Adjusted EPS$0.18Beat by $0.23
Revenue estimate$119.4M
EPS estimate-$0.05
Our second quarter sales continued a trend of seven consecutive fiscal quarters of positive comparable restaurant sales growth as well as strong traffic growth, which have both far exceeded the fast casual Black Box index for the last twelve months. The strong sales performance has continued into the third quarter with quarter to date company-owned comparable restaurant sales up approximately 10%. These results reinforce that the momentum at Noodles & Company is sustainable and our strategies are working well. The combination of better execution by our team members, improved menu offerings, more effective marketing, and the success of our portfolio optimization program are all working together to deliver impressive financial results. I'm incredibly proud of our teams and grateful for everything they've done to get us to this point. Given our plans for further menu innovation and continuing our focus on additional improvement in all areas, we are very excited for what lies ahead for Noodles & Company.
Christina

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$117.3M
EPS estimate-$0.14

Financials

Q2 2026

Income statement

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Revenue$127.0M+0.5%
Operating income-$1.5M+89.6%
Net income-$4.0M+77.5%
EPS (diluted)-$0.67-76.3%

Balance sheet

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Cash & equivalents$1.3M-42.6%
Total debt$248.0M-12.9%
Total equity-$51.0M-65.8%
Total assets$235.8M-20.0%

Cash flow

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Operating cash flow$3.3M
CapEx$1.5M-55.6%
Free cash flow$1.8M+142%

Valuation & ratios

Valuation

as of 09/17/26
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Market cap$78.28M+155%
Enterprise value$325M+3.7%
P/S0.2×+0.1×

Profitability

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Operating margin-2.6%-1.0pp
Net margin-4.7%-1.5pp

Returns & leverage

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Current ratio0.3×0.0×

Segments

By product

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Restaurant revenue$124.8M+0.8%
Franchising royalties and fees, and other$2.2M-15.7%

By segment

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Reportable Segment$127.0M+0.5%

FAQ

When did Noodles & Company report Q2 2026 earnings?
Noodles & Company (NDLS) reported Q2 2026 earnings on July 24, 2026 before market open.
What were Noodles & Company's Q2 2026 revenue and EPS?
Noodles & Company reported revenue of $127.0M and adjusted eps of $0.18 for Q2 2026.
Did Noodles & Company beat estimates in Q2 2026?
Revenue beat the consensus estimate of $119.4M by $7.6M. EPS beat the consensus estimate of $-0.05 by $0.23.
How did Noodles & Company's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.5% from $126.4M a year earlier.
Where can I find Noodles & Company's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001275158-26-000047) and the 10-Q periodic report (0001275158-26-000049) directly on SEC EDGAR. The filing index links above go to sec.gov.