How did NDLS's revenue and expenses trend in Q4 2024?

Noodles & Company (NDLS) experienced a significant decline in gross margin and net income in Q4 2024, with both financial metrics showing a substantial decrease compared to the previous quarter. 1. **Revenue Trend**: The revenue for Q4 2024 was $483.1 million, which is the same as the previous quarter's revenue of $483.1 million. This indicates that there was no change in revenue trend between the two quarters. 2. **Expense Trend**: The operating expenses for Q4 2024 were not provided, but the net income was -$6.76 million. This indicates a significant loss for the quarter. 3. **Gross Margin Trend**: The gross margin for Q4 2024 was 75.44%, which is a decrease of 15.84% from the previous quarter's gross margin of 91.28%. This suggests a decline in profitability due to increased costs or decreased revenue from operations. 4. **Net Income Trend**: The net income for Q4 2024 was -$6.76 million, which is a decrease from the previous quarter's net income of -$3.06 million. This indicates a worsening financial performance over the period. In conclusion, NDLS faced a challenging quarter with no revenue growth and a significant increase in expenses, leading to a substantial decline in gross margin and net income. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |NDLS|NDLS.O|Noodles|20240101-2024|Franchising Royalties and Fees|1.0174E7|185| |NDLS|NDLS.O|Noodles|20240101-2024|Franchising Royalties and Fees|7600000|185| |NDLS|NDLS.O|Noodles|20240101-2024|Restaurant|2.43734E8|185| |NDLS|NDLS.O|Noodles|20240101-2024|Franchising Royalties and Fees|2392000|185| |NDLS|NDLS.O|Noodles|20240101-2024|Franchising Royalties and Fees|2392000|185| |NDLS|NDLS.O|Noodles|20240101-2024|Restaurant|1.19003E8|185| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |NDLS|NDLS.O|Noodles|2024 Q1|-97.1107544141252|-6140000|185| |NDLS|NDLS.O|Noodles|2024 Q2|-944.861963190184|-1.3625E7|185| |NDLS|NDLS.O|Noodles|2024 Q3|-1065|-6755000|185| |NDLS|NDLS.O|Noodles|2024 Q4|-57.94362066156103|-9693000|185| |code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code| |---|---|---|---|---|---|---| |NDLS|NDLS.O|Noodles|2024 Q1|14.8144|-5.310254902462108|185| |NDLS|NDLS.O|Noodles|2024 Q2|16.0762|-0.43045516762978037|185| |NDLS|NDLS.O|Noodles|2024 Q3|75.4445|0.0335458344824679|185| |NDLS|NDLS.O|Noodles|2024 Q4|14.9863|-10.413490910612559|185|