BROOMFIELD, Colo. (AP) _ Noodles & Co. (NDLS) on Thursday reported a second-quarter loss of $13.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Broomfield, Colorado-based company said it had a loss of 30 cents. Losses, adjusted for pretax expenses and asset impairment costs, came to 18 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The restaurant chain posted revenue of $80.2 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $78.1 million.
Noodles & Co. shares have risen 34% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.45, a drop of roughly 3% in the last 12 months.