Noodles & Co misses by $0.01, beats on revs; guides FY18 EPS in-line but mostly below consensus, revs in-line
- Reports Q1 (Mar) loss of $0.04 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of ($0.03); revenues fell 5.3% year/year to $110.5 mln vs the $107.78 mln Capital IQ Consensus.
- Comparable restaurant sales decreased 0.2% system-wide, decreased 0.3% for company-owned restaurants and increased 0.9% for franchise restaurants.
- Co issues in-line guidance for FY18, sees EPS of ($0.01)-0.03, excluding non-recurring items, vs. $0.03 Capital IQ Consensus Estimate; sees FY18 revs of $440-$450 mln vs. $448.28 mln Capital IQ Consensus Estimate. Expects modestly positive comparable restaurant sales.