Noodles & Company, the fast-casual chain famous for its noodle dishes, plans to shutter up to 21 locations due to rising food costs and marketing expenses. After closing at least nine restaurants in the past year, the companyâs CFO Michael Hynes indicated that the closures would include 13 to 17 company-owned and four franchise locations in 2025. Despite these struggles, the chain recently reported a 2% revenue increase and a positive sales trend due to a new menu and marketing strategy, hinting at an overall growth in their operation.
Noodles & Company plans to close up to 21 restaurants due to rising food costs and marketing expenses, yet still shows signs of revenue growth.
Despite announcing restaurant closures, CEO Drew Madsen highlights strong comparable restaurant sales, attributing growth to a revamped menu and increased marketing.
The chain's recent revenue uptick includes a 2% increase in Q1 and a 4.4% increase in same-store sales, reflecting effective strategic adjustments.
With the announcement of closures, Noodles & Company remains optimistic, citing company growth and new restaurant openings as part of its ongoing strategy.
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