Noodles & Company Both Closing and Opening Stores@offshore stockbroker | Stockbroker | Scoop.it

"Like so many of its fast casual and fast food rivals, Noodles & Company (NASDAQ: NDLS) has struggled in recent quarters. The chain reported a net loss of $71.7 million in 2016, significantly worse than its loss of $13.8 million in 2015. That number was largely driven by a one-time $41.2 million pre-tax impairment charge related to the company closing 54 restaurants after it analyzed their expected future cash flows and found them wanting."