Noodles & Company Q1 Profit Rises - Quick Facts

(RTTNews) - Noodles & Company (NDLS) reported first-quarter net income of $1.4 million compared to $0.9 million, a year ago. Earnings per share was $0.05, compared to $0.04. Adjusted net income was $1.4 million or $0.05 per share, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.06 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased 10.1% to $89.5 million, from $81.3 million. The company said the increase was the result of new restaurants opened system-wide since the beginning of the first quarter of 2013, offset by a decrease in sales at comparable base restaurants. Analysts expected revenue of $92.17 million for the quarter.

The company-owned comparable restaurant sales decrease of 1.4% in the first quarter of 2014 was due to decreased traffic resulting from severe winter weather, partially offset by an increase in menu prices of approximately 2.2%, the company said.

For 2014, the company maintained its prior guidance.