Noodles & Company (NASDAQ:NDLS) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 04:30 pm ET


Noodles & Company (NASDAQ:NDLS) Q2 2020 Earnings Conference Call - Final Transcript


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Good afternoon, and welcome to today's Noodles & Company Second Quarter 2020 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded.

I will now introduce Noodles & Company's Chief Financial Officer, Ken Kuick.

Ken Kuick

Thank you, and good afternoon, everyone. Welcome to our Second Quarter 2020 Earnings Call. Here with me this afternoon is Dave Boennighausen, our Chief Executive Officer.

I'd like to start by going over a few regulatory matters. During our opening remarks and in response to your questions, we may make forward-looking statements regarding future events or the future financial performance of the Company. Any such items, including details relating to our future performance, should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act.

Such statements are only projections, and actual events or results could differ materially from those projections due to a number of risks and uncertainties. The safe harbor statement in this afternoon's news release and the cautionary statement in the Company's annual report on Form 10-K for its 2019 fiscal year and subsequent filings with the SEC are considered a part of this conference call, including the portions of each that set forth the risks and uncertainties related to the Company's forward-looking statements.

I refer you to the documents that Company files from time to time with the Securities and Exchange Commission, specifically the Company's annual report on Form 10-K for its 2019 fiscal year and subsequent filings we have made. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.

During the call, we will discuss non-GAAP measures which we believe can be useful in evaluating the Company's operating performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP. A reconciliation of these measures to the most directly comparable GAAP measures is available in our second quarter 2020 earnings release and our supplemental information.

Now I'd like to turn it over to Dave Boennighausen, our Chief Executive Officer.

Dave Boennighausen

Thanks, Ken, and good afternoon, everyone. Since we last spoke, of course, the country and the restaurant industry have continued to face unique challenges in all walks of American life. I'm immensely proud of our team members and our partners for their unwavering commitment to providing delicious meals prepared safely, quickly and consistently at our restaurants across the country.

Our team members and partners have risen to the challenge presented during the last few months. And as a result, I am confident that Noodles & Company is positioned to be one of the strongest performers in the restaurant space for the balance of 2020 and for years to come.

I'd like to spend our time today focusing on the three primary reasons we feel that Noodles & Company's future is particularly bright. First, the trust and brand equity we have gained over the past few months through our approach to ensuring a