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.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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%.