BROOMFIELD — Noodles & Co.’s (Nasdaq: NDLS) shareholders approved a 1-for-8 reverse stock split Wednesday and the fast-casual chain plans to implement it on Feb. 18.
Leaders of the Broomfield-based company expect the split will boost its stock price and stave off a delisting threat from Nasdaq.
Just before 10 a.m. Thursday, Noodles stock was trading at 60 cents, down 6.97% on the day. The stock price has shed more than 93% of its value over the past five years.
As a result of its stubbornly low stock price, Nasdaq, which requires that listed companies maintain a minimum share price of $1, warned Noodles in June that it had six months to reach that $1 threshold or face removal from the exchange.
Noodles has struggled for years to meet investor expectations and sales targets, prompting a slew of recent moves aimed at turning the tide.
The company’s board in September said it had “initiated a review of strategic alternatives in order to explore ways to maximize shareholder value. The review will include a range of potential strategic alternatives, including refinancing of existing indebtedness, refranchising or sale of all or part of the business, and/or other strategic or financial transactions.”
The review of strategic alternatives came just weeks after former chief operating officer Joseph Christina took over as CEO from Drew Madsen.
“As of the date hereof, such review remains in process and no assurance can be made as to whether any such transaction will be completed, the impact of any such strategic transaction on the Company, or whether the strategic benefits of any such strategic transaction can be achieved,” Noodles said in a December regulatory filing.
Fifteen company-owned restaurants and three franchised locations were shuttered during the third quarter of 2025, leaving the chain with 435 restaurants at the end of the period. With the closure of 14 more company-owned units during October, the company said in November that it is on track to close between 31 and 34 company units and seven to eight franchisee-owned locations by the end of the year.
After hiring restaurant-industry consulting firm The Culinary Edge to help shape its updated culinary identity, Noodles in March rolled out a revamped menu, which features about a dozen new or reimagined dishes.
This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2026 BizWest Media LLC.
Hence then, the article about noodles to implement reverse stock split this month was published today ( ) and is available on GreeleyTribune ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Noodles to implement reverse stock split this month )
Also on site :