Noodles (NDLS) Operating Expenses (2012 - 2026)
Noodles' (NDLS) quarterly Operating Expenses came in at $128.6 million in Q2 2026, down 8.95% YoY from $141.2 million in Q2 2025, and up 3.19% on a QoQ basis from $124.6 million in Q1 2026.
Noodles (NDLS) Operating Expenses (2012 - 2026) Analysis & Trends
Noodles (NDLS) has 15 years of Operating Expenses data on file, last reported at $128.6 million in Q2 2026.
- Quarterly Operating Expenses fell 8.95% year-over-year to $128.6 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $508.5 million (down 3.72% YoY) and the FY2025 annual result came in at $526.7 million, up 1.08% from the prior year.
- Operating Expenses rose to $128.6 million in Q2 2026, from $124.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $141.2 million in Q3 2025 to a low of $118.6 million in Q1 2022.
- A 5-year average of $128.8 million and a median of $128.3 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses rose 10.71% — and 2026, when it slipped 8.95%.
- Tracing NDLS's Operating Expenses over 5 years: stood at $127.9 million in 2022, then dropped by 1.59% to $125.8 million in 2023, then grew by 2.64% to $129.1 million in 2024, then declined by 1.75% to $126.9 million in 2025, then grew by 1.34% to $128.6 million in 2026.
- The last three Operating Expenses figures came in at $128.6 million (Q2 2026), $124.6 million (Q1 2026), and $126.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 3.76 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 8.42 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 2.82 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 1.51 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 1.80 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 3.20 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 1.80 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 2.79 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 1.54 Bn |
| 10 | Noodles | 106.92 Mn | 105.62 Mn | 101.67 Mn | 128.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 128.58 Mn |
| Mar 31, 2026 | 124.60 Mn |
| Dec 30, 2025 | 126.88 Mn |
| Sep 30, 2025 | 128.41 Mn |
| Jul 1, 2025 | 141.21 Mn |
| Apr 1, 2025 | 130.18 Mn |
| Dec 31, 2024 | 129.14 Mn |
| Oct 1, 2024 | 127.55 Mn |
| Jul 2, 2024 | 138.87 Mn |
| Apr 2, 2024 | 125.49 Mn |
| Jan 2, 2024 | 132.76 Mn |
| Oct 3, 2023 | 125.82 Mn |
| Jul 4, 2023 | 125.43 Mn |
| Apr 4, 2023 | 128.30 Mn |
| Sep 27, 2022 | 127.85 Mn |
| Jun 28, 2022 | 129.19 Mn |
| Mar 29, 2022 | 118.64 Mn |
| Dec 28, 2021 | 119.15 Mn |
| Sep 28, 2021 | 119.81 Mn |
| Jun 29, 2021 | 119.44 Mn |