NEW YORK (TheStreet) -- Noodles & Company (NDLS) shares are down -13.5% to $32.86 in trading on Wednesday following the release of the company's first quarter earnings report.
The company reported a year over year quarterly revenue increase of 10% to $89.5 million, missing analysts estimates of $102.9 million in revenue.
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The casual restaurant company posted earnings of 5 cents per share, in line with analysts estimates.
The company reported that company-owned comparable restaurant sales were down -1.4%, franchisee sales were down -3.6% and overall sales were down -1.6%.
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