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These statements reflect our current views with respect to future events and are based on currently available operating, financial and competitive information. Business General Noodles & Company is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry.
The business is unprofitable at the operating level (-6.38% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 0.5%, essentially flat. This is a business that needs a catalyst.
Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$495M
▲ +0.5% YoY
Net Income (TTM)
-$37M
▼ -17.5% YoY
Op. Margin
-5.25%
▼ -0.7pp YoY
ROIC
-7.59%
▼ -1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +75.9% YoY
Op. Cash Flow (TTM)
$9M
▼ -3.7% YoY
Net Debt
$252M
Cash & Equiv.
$1M
5Y CAGR: +4.7%
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