Filing Analysis
Noodles & Company reported its financial results for the first fiscal quarter ended March 31, 2026. The company issued a press release and held a conference call to discuss the results on May 6, 2026.
Key Facts
- The filing reports financial results for the fiscal quarter ended March 31, 2026.
- The earnings press release was issued on May 6, 2026.
- A conference call was scheduled for 4:30 p.m. (EST) on May 6, 2026, to review the results.
- The report was signed by Mike Hynes, Chief Financial Officer.
Two directors, Robert Hartnett and Mary Egan, have notified Noodles & Company of their decision not to stand for re-election at the 2026 Annual Meeting. In response, the Board has voted to reduce its size from nine to seven members and rebalance its director classes.
Red Flags
- Simultaneous departure of two committee chairs.
- Reduction in board size may indicate a contraction in company scale or difficulty in recruiting qualified independent directors.
Key Facts
- Robert Hartnett (Chair of Compensation Committee) and Mary Egan (Chair of Nominating and Corporate Governance Committee) will depart at the 2026 Annual Meeting.
- The Board of Directors will be reduced from nine members to seven members effective as of the Annual Meeting.
- Director Lynch will move from Class III to Class I to rebalance the board classes.
- The company stated the departures were not the result of any disagreement with management or the Board.
- The board size reduction is intended to better align with the 'size and complexity of the Company at this time'.
Noodles & Company (NDLS) disclosed its financial results for the fourth quarter and full fiscal year ended December 30, 2025. The announcement was made via a press release and a management conference call on March 25, 2026.
Key Facts
- Released financial results for the fiscal quarter ended December 30, 2025.
- Released financial results for the full fiscal year ended December 30, 2025.
- Management held a conference call on March 25, 2026, at 4:30 p.m. EST to review results.
- The earnings information was furnished under Item 2.02 and included as Exhibit 99.1.
Noodles & Company (NDLS) has regained compliance with the Nasdaq minimum bid price requirement of $1.00 per share. The company had been under a deficiency notice since June 24, 2025, but maintained a closing bid price above the threshold for 10 consecutive business days ending March 5, 2026.
Red Flags
- The company's stock price was below $1.00 for approximately eight months, indicating significant historical market capitalization pressure and investor skepticism.
Key Facts
- Received Nasdaq deficiency notice on June 24, 2025, for failing to meet the $1.00 minimum bid price.
- Regained compliance on March 5, 2026.
- Maintained a closing bid price of $1.00 or greater for 10 consecutive business days.
- Nasdaq has officially closed the matter regarding the Bid Price Rule.