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Noodles & Company NDLS Labor — Restaurant operating costs

Other product segments

Franchising royalties and fees, and other
$127.17M+2.8%
Restaurant revenue
$30.89M-4.3%
Occupancy
$10.35M-9.9%

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SGLabor and related expenses — Total restaurant operating costs
$50.76M+5.6%
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EATRestaurant labor
$456.4M+0.9%
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DRILabor
$1.05B+5.2%
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NATHRestaurant Operations — Labor And Related Expense
$362K-2.7%
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LOCOLabor
$31.84M-1.1%
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CAVALabor
$111.55M+31.9%

Other financials

Income statement

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Revenue$123.8M0.0%
Operating income-$812.0K+87.3%
Net income-$3.4M+62.3%
EPS (diluted)-$0.58+63.3%

Balance sheet

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Cash & equivalents$1.4M+3.4%
Total debt$253.7M-12.6%
Total equity-$48.0M-246%
Total assets$246.3M-22.9%

Cash flow

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Operating cash flow$6.0M+49.2%
CapEx$2.1M-28.8%
Free cash flow$3.9M+253%

Valuation

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Market cap$88.09M+168%
Enterprise value$340.32M+7.9%
P/S0.2×+0.1×

Profitability

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Gross margin74.7%
Operating margin-5.3%-0.6pp
Net margin-7.5%-0.4pp
FCF margin-3.7%

Returns & leverage

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Return on equity-180.2%
Debt / equity77.5×+68.6×
Current ratio0.3×0.0×

Where this comes from

Reported directly by Noodles & Company in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

The official record: Noodles & Company’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Noodles & Company's labor — restaurant operating costs?
Noodles & Company (NDLS) reported labor — restaurant operating costs of $36.41M in Q1 2026.
How has Noodles & Company's labor — restaurant operating costs changed year-over-year?
Noodles & Company's labor — restaurant operating costs decreased by 7.6% year-over-year, from $39.4M to $36.41M.
What is the long-term trend for Noodles & Company's labor — restaurant operating costs?
Over 4 years (2021 to 2025), Noodles & Company's labor — restaurant operating costs has grown at a 1.3% compound annual growth rate (CAGR), from $145.62M to $153.34M.
What does labor — restaurant operating costs mean?
This metric represents the total direct labor-related expenses incurred to operate restaurant locations, including wages, salaries, benefits, and payroll taxes for store-level personnel. It serves as a primary indicator of operational efficiency and the company's ability to manage staffing levels relative to sales volume. Monitoring this cost helps investors assess the impact of wage inflation and labor productivity on overall restaurant-level margins.