Noodles & Company

Financing

Noodles & Company could close up to 20 underperforming restaurants

As the fast-casual chain's turnaround effort unfolds, CEO Drew Madsen said a portfolio review could result in some units being shuttered.

Food

All of a sudden, fast casuals are staking a claim on steak

Consumer demand for protein is pushing steak to the center of the plate—and the salad bowl—in concepts where you’d least expect it.

The fast-casual chain, working its way through sales and profitability challenges, gave a board seat to an activist investor. But that’s not the only activist it has.

But CEO Drew Madsen sees signs of a turnaround, as sales and traffic turned positive in April while the chain works on menu and operations improvements.

The fast-casual chain has run out of Steak Stroganoff after selling 110,000 bowls in the first two weeks. But don't worry, the LTO is coming back.

The former Panera Bread president has served on the board and was interim CEO since November. He has launched a return to roots, aiming to embrace an identity as a culinary comfort kitchen.

Drew Madsen, a board member and former president of Panera Bread, was named interim chief executive as the struggling fast-casual looks for a replacement.

Cava, the newly public fast-casual chain called "the next Chipotle" by investors, and Noodles & Co., which held that title a decade ago, just reported two very different quarters that are a study in contrasts—and offer a warning for Cava.

The executive chef and VP of culinary has accelerated innovation and taken the menu where it hasn’t ventured before.

Behind the Menu: Executive chef Nick Graff developed Chicken Parmesan to offer guests a classic Italian main dish at a fast-casual price point.

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