Noodles (NDLS) Operating Leases (2019 - 2026)

Noodles (NDLS) has 8 years of Operating Leases data on file, last reported at $112.0 million 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 declined to $112.0 million in Q2 2026, from $115.9 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $196.9 million in Q1 2022 to a low of $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 dropped 0.55% — and 2026, when it decreased 23.5%.
• Tracing NDLS's Operating Leases over 5 years: stood at $196.0 million in 2022, then dropped by 3.06% to $190.0 million in 2023, then dropped by 17.5% to $156.7 million in 2024, then slipped by 19.01% to $126.9 million in 2025, then slipped by 11.72% to $112.0 million in 2026.
• The last three Operating Leases figures came in at $112.0 million (Q2 2026), $115.9 million (Q1 2026), and $126.9 million (Q4 2025), per Business Quant data.