NDLS · NDLS Q2 FY2026 earnings call record财报电话会记录

“Such statements are only projections, and actual events or results could differ from those projections due to a number of risks and uncertainties, including those referred to in this morning's news release and the cautionary statement in the company's annual report on Form 10-K and subsequent filings with the SEC.”

“Our second quarter results proved we've not only sustained it, but we have further accelerated it to yet another important milestone as our restaurant level margins expanded by more than 400 basis points year-over-year to over 17%, a level of margin not seen at Noodles in the past five years.”

“As Mike will describe in more detail, given our results to date and our outlook for the second half of the year, we have raised our fiscal 2026 guidance for revenue, margins, and adjusted EBITDA.”

“In the second quarter, our total revenue was $127 million, which was a $600,000 increase compared to last year, driven by strong comparable sales growth, mostly offset by the closing of certain locations.”

“Company average unit volumes in the second quarter increased 15.9% to $1.57 million.”

“Our second quarter capital expenditures totaled $1.5 million compared to $3.4 million in 2025.”

“At the end of the second quarter, we had $1.3 million of available cash and our debt balance was $105.4 million, which was a reduction of $1.4 million from our debt balance at the end of the first quarter, despite having an extra payroll cycle in the second quarter.”

“As we look forward to the rest of the year, we're raising our full year 2026 guidance to the following: total revenue of $485 million-$500 million, including comp restaurant sales growth of 8%-11%.”

“Restaurant contribution margin between 16% and 17%.”

“We estimate total 2026 capital expenditures of $9 million-$10 million.”

“We continue to expect to be free cash flow positive and have the opportunity to reduce our debt balance in 2026 by approximately $10 million, inclusive of the $4.8 million reduction year-to-date through the second quarter.”

“Based on our full year adjusted EBITDA guidance and a projected debt balance of approximately $100 million at the end of 2026, we expect our debt balance to be at or below three times adjusted EBITDA, which is a substantial improvement to our overall financial strength from where we were a year ago.”