It’s that time once again and we’re thrilled to announce the results of Noodles’ third quarter earnings report.
According to our CEO, Dave Boennighausen, “we’re pleased to report another quarter of record high average unit volumes, reflecting the continued momentum and our ability to remain resilient in volatile market conditions.” Specifically, total revenue increased 18.1% to $125.1 million in the quarter ending in September.
This continued growth was due in part to an increase in system-wide comparable restaurant sales growth of 16.3%. It also helped that our new restaurant openings performed at higher levels than historical openings.
“These results were driven by strength across all channels,” Boennighausen added, “with continued retention in our digital offering and further acceleration of our in-restaurant business. Average unit volumes increased 15.9% compared to the third quarter of 2019.”
It short, this news reassures us that our nimble business model is particularly well suited for our times. And that our deliciously craveable menu continues to keep guests coming back, again and again. Way to rock it Noodlers.
