How Noodles & Company is thinning out across the nation
Noodles & Company ($NASDAQ:NDLS) reports earnings on July 17, and Zacks Equity Research has a bleak consensus for the restaurant chain that specializes in, well, noodles.
That is all happening while its retail footprint continues to be at a bottoming-out point, as the company is expected to open more restaurants in 2019, but hasn't just yet.
In 2017, Noodles & Company closed several restaurants as current building leases were set to expire. That same year, company also saw all of its New England and Upstate New York locations shut down, as their franchisee Hamra decided to close all eight of its locations.
A shrinking footprint until 2019, as well as the Hamra situation, does not bode well for the restaurant chain, especially considering its earnings history. It has only posted one earnings beat in the past four quarters, and the consensus estimate pegs its revenue to be down 0.1% from a year prior.
In other words, Noodles & Company has thinned out over the past few years, and with a history of earnings misses, it's no surprise why the cosensus isn't slurping up this stock.
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