The fast restaurant, which is based in Colorado, named Noodles & Company, is currently planning to close a total of 21 stores across the country. This is basically an effort to enhance the financial footing of the company. The decision to close the said stores was made earlier this month when the company announced its first earnings report. If you are someone who wants to know more about the Colorado-based fast food casual chain closing more than a dozen stores this year, the following article is for you.
Which Noodles & Company Locations Are Set For Closures This Year?
Noodles & Company, which is based in Colorado, announced its earnings report for the first quarter on the 7th of May. It also announced that the company is planning to shut around 13 to 17 company-owned locations, along with 4 franchised restaurants. This number is just a bit higher than the 12 to 15 locations the company said it was planning to close in a previous statement. The exact locations that are going to close across the nation have not been announced yet. One of the spokespersons from the Noodles & Company stated that the decisions on shutdowns are still in progress.
How Many Locations Does Noodles & Company Operate On Currently?
The Colorado-based fast-casual chain Noodles & Company currently operates over 380 company-owned locations across the country. It also has a total of 89 franchised locations across 31 states in the US. This year is turning out to be pretty challenging for the food chain, which has been operating for over 30 years now. It narrowly escaped getting delisted from the Nasdaq stock index after it witnessed a significant fall in prices earlier during the first quarter. Even after the financial setbacks as well as the closures announced, Noodles & Company is also expected to open 2 new company-owned locations this year.
What Did The Company Say About The Store Closures?
The company, in an official statement, announced that it is going to focus on operating a strong as well as a healthy restaurant base. This will allow the company to deliver the best possible experience to the guests. Drew Madsen became the new CEO of Noodles & Company back in March 2024. Since then, he has been implementing various changes with the objective of revitalizing the company. These measures include increasing the investments as well as adding new recipes to the menu. The changes Madsen has incorporated seem to be working as the company has reportedly had a recent 2% increase in its venue.
Noodles & Company Joins The Trend Of Multiple Fast Food Chain Closures
Noodles & Company is not the only fast food company that is facing a major setback this year. The year 2025 is proving to be a pretty difficult year for fast food restaurants and other retail chains as well. Within the restaurant industry, many big names, including Red Lobster, Boston Market, TGI Fridays, and Denny’s, suffered pretty much the same fate. All these food chains announced that they are set to close their locations this year in 2025.
