Restaurant chain plans to close more than a dozen locations
Despite a rebrand, popular restaurant chain Noodles & Company is planning to shutter over a dozen locations.
In a company press release, Noodles & Company announced it will shutter between 13 to 17 locations this year.
“We are very pleased with the strong comparable restaurant sales and traffic performance we achieved during the first quarter despite a challenging macroeconomic environment,” said company Chief Executive Officer Drew Madsen in the press release. “Our momentum is being driven by our fully reimagined new menu that launched on March 12th, supported by increased marketing investment and a new brand strategy. Since the new menu introduction, comparable sales have increased by approximately 5% through April.”
While the company has plans to shutter locations, it also reported that “same-store sales” are up 4.4%. The restaurant chain also debuted a new menu earlier this year, reports QSR Magazine.
So far, Noodles & Company has not announced which locations will close.