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Noodles grows online sales but sees revenues shrink in Q4 – BizWest

Sales in Q4 were $107.2 million, down 5.9% from the same period in 2019.  Noodles’ net loss grew to $3.8 million for the quarter, up from $1.2 million in Q4 last year.  Still, company leaders are expressing optimism that online revenue grew 128% year-over-year and accounted for 62% of sales in Q4. “Our fourth quarter results reflect the continued resiliency of our brand, particularly surrounding our digital and off-premise capabilities, even against the resurgence of COVID-19 during the quarter,” Noodles CEO Dave Boennighausen said in a prepared statement. “Noodles & Co.’s differentiated menu, bolstered by the recent introduction of our low-carb cauliflower gnocchi, supported by a robust digital program which grew to 62% of sales in the fourth quarter, is particularly well suited for the needs of today’s consumer,” he added.

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