Noodles & Company Unveils “Perfect Bowls” to Accommodate Specific Guest Dietary Needs; Provides Business Update

Comparable Restaurant Sales Continue to Sequentially Improve Since the Beginning of the Pandemic; Company to Participate in the Jefferies 2020 Virtual Global Consumer Conference

BROOMFIELD, Colo., June 17, 2020 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ:NDLS), known for serving classic noodle, Zoodle and Caulifloodle dishes from around the world, announced the addition of new Perfect Bowls to its menu. Perfect Bowls are curated fan-favorite dishes that cater to popular diets and lifestyles, including paleo-friendly, keto, vegetarian and gluten-sensitive, making it easy for guests to maintain healthier summer routines while enjoying their favorite Noodles flavors. And, as always, Noodles guests have the ability to customize any other dish on the menu to match individual nutritional goals. The Company also further expanded its healthy alternatives in its new family meal offerings by adding a Zoodle and Caulifloodle option, which gives guests the ability to enjoy four healthy dishes plus a Caesar salad for the low price of $40.

Additionally, the Company today provided an update on the COVID-19 pandemic’s impact on the Company's business.

Business Update

Quarter-to-Date Q2 2020 Comparable Restaurant Sales

Comparable Restaurant Sales	4 Weeks Ended April 28, 2020		4 Weeks Ended May 26, 2020		Week Ended June 2, 2020		Week Ended June 9, 2020		Week Ended June 16, 2020		Fiscal Quarter to Date June 30, 2020
Company-owned	(47.0)%		(28.9)%		(23.2)%		(20.2)%		(14.8)%		(33.2)%
Franchise	(55.5)%		(37.3)%		(25.7)%		(23.2)%		(16.8)%		(39.8)%
System-wide	(48.2)%		(30.1)%		(23.6)%		(20.6)%		(15.1)%		(34.1)%

• Comparable restaurant sales⁽¹⁾ have improved meaningfully since the beginning of the COVID-19 pandemic. After comparable sales declined 54.7% during the final week of March, results have sequentially improved even with the vast majority of dining rooms remaining closed.
• Comparable sales declined 14.8% at company-owned restaurants for the fiscal week ended June 16, 2020.