Noodles & Co. drops in premarket as 4Q results miss Street, revised 2015 guidance disappoints

StocksAssociated Press

Shares of Noodles & Co. tumbled in premarket trading Friday as the restaurant operator said that its 2015 adjusted profit will now likely come in at the low end of its previous range. The Broomfield, Colorado-based company's fiscal fourth-quarter results also missed Wall Street's expectations.

For 2015, Noodles & Co. said that it now anticipates adjusted earnings per share growth of about 20 percent. The company's prior forecast was for growth of 20 percent to 25 percent.

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Noodles reported a fourth-quarter adjusted profit of 13 cents per share on revenue of $108.5 million. Analysts surveyed by Zacks Investment Research predicted a profit of 14 cents per share on revenue of $110.3 million.

The stock slid $7.42, or 26.8 percent, to $20.32 about 30 minutes before the market open.