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Noodles & Co. Q2 profit falls 16.9% YOY

Noodles & Co. said its normalized net income for the second quarter came to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 12 cents per share.

EPS declined 16.0% year over year from 12 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.2 million, a decline of 16.9% from $3.8 million in the second quarter ended July 1, 2014.

The normalized profit margin dropped to 2.7% from 3.8% in the year-earlier period.

Total revenue rose 15.9% year over year to $115.2 million from $99.5 million, and total operating expenses increased 17.8% from the prior-year period to $110.0 million from $93.3 million.

Reported net income fell 10.1% year over year to $3.1 million, or 10 cents per share, from $3.4 million, or 11 cents per share.