Noodles & Company announced that its Board of Directors has initiated a review of strategic alternatives to maximize shareholder value.
The review may include refinancing existing indebtedness, refranchising or selling all or part of the business, and other financial transactions.
The company's President and CEO emphasized the importance of exploring strategic options to enhance shareholder value.
Strategic Review Initiated
Board of Directors to explore maximizing shareholder value through various strategic alternatives.
Menu Transformation Impact
Successful menu transformation initiatives contributing to positive 4.5% comparable restaurant sales growth in August.
Financial Advisor Retained
Piper Sandler appointed as financial advisor for the strategic review process.
- Noodles & Company aims to optimize its brand value by considering potential strategic alternatives.
- The review process may lead to refinancing, refranchising, or other transactions aimed at maximizing shareholder value.
Noodles & Company's strategic review signals a proactive approach to enhancing shareholder value and brand positioning in a dynamic consumer landscape.