Add thelocalreport.in As A Trusted Source
a major fast food brand The company is bracing for a new wave of closures after closing 40 restaurants last year.
colorado Dining room Noodles & Company currently has 423 locations nationwide, many of which are located along busy highways and in bustling shopping malls across the country.
However, after a series of devastating closures last year, another 30 to 35 locations will soon be axed.
The news was confirmed Press release The company this week released a report reviewing the brand’s performance last year.
“Decisions like these are made with careful consideration and with the long-term future of our business in mind,” said Joe Christina, CEO and President of Noodles & Company. “These actions are designed to strengthen the overall health of the brand and our financial position, helping ensure we are well-positioned for profitable growth and long-term value creation for our shareholders.”
The noodle company has not yet confirmed which sites may face closure soon.
Cristina said in a statement that last year’s performance was the main reason for the company’s decision to close more plants. Restaurant. In 2025, the company reported fourth-quarter sales growth of 7% at its company-operated restaurants, up from 4% in the third quarter.
However, despite this, corporate The company was forced to look for “strategic alternatives” to maximize shareholder value, the statement said.
In recent years, the company has struggled to stay listed on Nasdaq after failing to maintain a minimum share price of $1 for more than 30 consecutive trading days in December 2024 and June 2025. street.
Currently, the company is listed on the main board Nasdaq The share price is $0.84 (as of January 16, 2026).
That means the company’s stock has lost 97% since it first went public in 2013, when it was priced at about $36.75 a share, according to Nasdaq.
However, Christina is optimistic. Branded Outlook in this week’s press release.
“As we enter 2026, we are energized by the progress we have made and confident in our plans to develop winning teams, increase guest satisfaction, drive growth and improve financial performance,” Christina wrote.
independent Noodles & Company has been contacted for comment.