Another familiar restaurant name is quietly retreating from America’s strip malls as the economic pressure on working families continues to intensify.
Inflation has changed how Americans eat, spend, and survive. And for chains that built their business around middle-class diners, the math is no longer working.
Now, a top executive at Noodles & Company has openly acknowledged what many customers already suspected. The company has been bleeding money and is shutting down restaurants just to stay afloat.
Dozens of locations closed as losses pile up
Noodles & Company announced it will close up to 35 restaurants in 2025 as part of what executives describe as a survival strategy.
By October, the chain had already shut down 29 locations. Management expects the final number to land between 31 and 34 company-owned stores, along with another seven to eight franchised locations.
During an earnings call, Chief Financial Officer Mike Hynes made a rare and revealing admission.
“We’re very pleased with the results from closing underperforming restaurants,”
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