Noodles (NDLS) Operating Leases (2019 - 2026)

Noodles (NDLS) has reported Operating Leases for 8 consecutive years, with $112.0 million the latest figure, recorded in Q2 2026.

• Quarterly Operating Leases fell 20.0% year-over-year to $112.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $112.0 million (down 20.0% YoY) and the FY2025 annual result came in at $126.9 million, down 19.01% from the prior year.
• Operating Leases slipped to $112.0 million in Q2 2026 per NDLS's latest filing, from $115.9 million in the prior quarter.
• Over the last five years, Operating Leases for NDLS reached as high as $196.9 million in Q1 2022 and fell as low as $112.0 million in Q2 2026.
• A 5-year average of $165.5 million and a median of $176.6 million in 2024 frame the typical range for Operating Leases.
• Annual changes were most pronounced in 2024 — Operating Leases declined 0.55% — and 2026, when it slipped 23.5%.
• Year by year, Operating Leases stood at $196.0 million in 2022, then retreated by 3.06% to $190.0 million in 2023, then retreated by 17.5% to $156.7 million in 2024, then fell by 19.01% to $126.9 million in 2025, then fell by 11.72% to $112.0 million in 2026.
• According to Business Quant data, Operating Leases over the past three periods registered $112.0 million, $115.9 million, and $126.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.