Beloved Pasta Chain Is Likely Shuttering 20 Restaurants

3 months ago 5

As the list of restaurant closures continues to grow this year, one fast-casual eatery may soon be on it. Noodles & Company, a Colorado-based chain that specializes in pasta and noodle dishes, shared during it second-quarter earnings call that it has pinpointed 20 underperforming restaurants that may close on or before their lease terms expire.

During the call, Mike Hynes, the company's chief financial officer shared that these 20 restaurants have combined losses of about $2 million. With the help of a national broker, Noodles & Company has begun conversations with the restaurants' landlords, but the timing of the closures is unknown. The company will decide this on a case-by-case basis.

This year, Noodles & Company expects to close 10 to 15 re...

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