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Once-Popular Pasta Chain on a Downward Spiral as Stock Price Sinks

Summary by Eat This Not That
A once-popular restaurant chain is on the brink of disaster after its stock price dropped to under $1 for 30 consecutive business days, putting it at risk of being delisted from the Nasdaq Global Select Market. Noodles & Company, a fast casual pasta chain with more than 450 locations across 26 states, reported a 3.3% drop in sales, according to Q3 earnings data. The chain had a net loss of $6.8 million compared to a net income of $0.7 million in…

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Once-Popular Pasta Chain on a Downward Spiral as Stock Price Sinks

A once-popular restaurant chain is on the brink of disaster after its stock price dropped to under $1 for 30 consecutive business days, putting it at risk of being delisted from the Nasdaq Global Select Market. Noodles & Company, a fast casual pasta chain with more than 450 locations across 26 states, reported a 3.3% drop in sales, according to Q3 earnings data. The chain had a net loss of $6.8 million compared to a net income of $0.7 million in…

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Eat This Not That broke the news in on Tuesday, January 7, 2025.
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