• Noodles & Company's Q3 2024 Financial Woes: Adjusted EBITDA Plunges Amid Expansion Push

  • 2024/11/07
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Noodles & Company's Q3 2024 Financial Woes: Adjusted EBITDA Plunges Amid Expansion Push

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  • Noodles & Company recently released its financial results for the third quarter of 2024, as reported by The Manila Times. The company's adjusted EBITDA was $4.9 million, a significant decrease from the $10.9 million reported in the third quarter of 2023. As part of its growth strategy, Noodles & Company expanded its presence by opening three new company-owned restaurants and one new franchise location during this period. This expansion aims to strengthen its market position and leverage growth opportunities in the restaurant industry. The financial results underscore the challenges faced by the company as it navigates a competitive industry environment while pursuing its expansion initiatives.
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Noodles & Company recently released its financial results for the third quarter of 2024, as reported by The Manila Times. The company's adjusted EBITDA was $4.9 million, a significant decrease from the $10.9 million reported in the third quarter of 2023. As part of its growth strategy, Noodles & Company expanded its presence by opening three new company-owned restaurants and one new franchise location during this period. This expansion aims to strengthen its market position and leverage growth opportunities in the restaurant industry. The financial results underscore the challenges faced by the company as it navigates a competitive industry environment while pursuing its expansion initiatives.
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