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BROOMFIELD, Colo. - Noodles & Company (NASDAQ:NDLS) announced Tuesday that Joseph D. Christina will be promoted to President and Chief Executive Officer effective August 31, 2025. Christina, who currently serves as President and Chief Operating Officer, will succeed Drew Madsen, who is stepping down for personal medical reasons. The leadership change comes as the company faces significant challenges, with InvestingPro data showing weak financial health metrics and a concerning debt-to-capital ratio of 87%.
The company said Madsen will facilitate the transition through August and will continue to serve on the Board of Directors. Christina will also join the company’s Board of Directors upon assuming the CEO role. The stock has shown significant volatility, with a 43% decline over the past year, though InvestingPro analysis suggests the shares may be undervalued at current levels.
"Joe’s experience as a CEO at multiple restaurant concepts, combined with his leadership style and passion for operations excellence, will set Noodles up well for future success," said Jeff Jones, Chairman of the Board, in a press release statement.
Christina brings extensive experience in the restaurant industry, having previously served as CEO of Church’s Chicken and Tijuana Flats. His career began at Burger King, where he worked for 29 years, advancing from restaurant manager to Senior Vice President of U.S. Franchise Operations for the West Division.
In connection with the leadership change, Noodles & Company has rescheduled its second quarter 2025 earnings release and conference call from August 6 to August 13, 2025. The company will issue its financial results after market close on August 13, with the conference call scheduled for 4:30 p.m. ET that day.
The fast-casual restaurant chain, known for its pasta dishes, operates locations across the United States and has been working on what it describes as brand revitalization efforts. The company faces operational challenges with revenue of $495.67 million in the last twelve months and a gross profit margin of 14.3%, highlighting the importance of its turnaround initiatives.
In other recent news, Noodles & Company reported a net loss per share of $0.20 for the first quarter of 2025, falling short of analyst expectations, which anticipated a loss of $0.11 per share. However, the company did see a slight revenue increase to $123.8 million, surpassing forecasts. In addition to financial results, Noodles & Company introduced a new menu option called "Delicious Duos," featuring small entrée and side dish combinations starting at $9.95. The company also received a notification from the Nasdaq Stock Market regarding non-compliance with the minimum bid price requirement, as its stock price remained below $1.00 for 30 consecutive business days. This notice currently does not impact the listing or trading of its shares. Furthermore, during its annual meeting, shareholders re-elected three Class III directors, Thomas Lynch, Elisa Schreiber, and Britain Peakes, each to serve a three-year term. These developments reflect ongoing efforts and challenges faced by Noodles & Company in the current market environment.
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