Broomfield’s Noodles and Company may be making a comeback.
Following a prolonged downturn, Broomfield-based fast-casual restaurant chain Noodles & Co. appears to be gaining steam with an announcement of significantly reduced losses in the first quarter of 2018.
The company, which has 476 restaurants, reported net losses for the quarter ending in April of $3.6 million, compared to crushing losses of $26.8 million during the same period last year.
This improvement comes despite decreased revenue year-over-year — $110.5 million from $116.7 million — and the closure of 55 restaurant locations in early 2017.
“Our strategic focus has been comprehensive, including operational improvements, capitalizing on our strength in the off-premise occasion and evolve in how we connect with our guests,” Noodles Executive Chairman Paul Murphy said during a conference call Thursday afternoon with investors.
Murphy credited part of the company’s improved bottom line with the “game-changing national launch” of Zoodles, a zucchini noodle product.
Read more at Boulder Daily Camera.