Noodles (NDLS) Operating Expenses (2012 - 2026)
Noodles (NDLS) posted quarterly Operating Expenses of $128.6 million for Q2 2026, down 8.95% year-on-year 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 reported Operating Expenses for 15 consecutive years, with $128.6 million the latest figure, recorded 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 climbed to $128.6 million in Q2 2026 per NDLS's latest filing, from $124.6 million in the prior quarter.
- Over the last five years, Operating Expenses for NDLS reached as high as $141.2 million in Q3 2025 and fell as low as $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 gained 10.71% — and 2026, when it dropped 8.95%.
- Year by year, Operating Expenses stood at $127.9 million in 2022, then retreated by 1.59% to $125.8 million in 2023, then gained by 2.64% to $129.1 million in 2024, then decreased by 1.75% to $126.9 million in 2025, then gained by 1.34% to $128.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $128.6 million, $124.6 million, and $126.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 8.75 Bn |
| 2 | Chipotle Mexican Grill | 41.20 Bn | 40.33 Bn | 2.61 Bn | 2.69 Bn |
| 3 | Yum Brands | 40.68 Bn | 39.99 Bn | 1.38 Bn | 1.42 Bn |
| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 1.66 Bn |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 3.20 Bn |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 2.82 Bn |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 1.49 Bn |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 115.37 Mn |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 430.11 Mn |
| 10 | Noodles | 76.51 Mn | 75.06 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 |