Noodles & Company shares fall 24.31% intraday after CEO departure and negative guest value perception.

Noodles & Company dropped 24.31% intraday, with the company facing a significant leadership change as CEO Andrew Madsen stepped down due to health reasons. The new CEO, Joe Christina, will take over with a mandate to improve guest experience, boost traffic, and expand margins. Despite positive same-store sales of 1.5% during the second quarter, the company experienced a decline in guest value perception following a new menu launch in March.