NOODLES & COMPANY (NDLS) Return on equity 2014–2023
NOODLES & COMPANY (NDLS) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-8.6%FY2023 · since FY2014: 8.2% → -8.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2023 | -8.6% | — |
| FY2021 | 9.7% | +88.1 pp |
| FY2020 | -78.3% | -81.6 pp |
| FY2019 | 3.3% | +107.8 pp |
| FY2018 | -104.5% | +173.1 pp |
| FY2017 | -277.6% | — |
| FY2015 | -14.7% | -22.8 pp |
| FY2014 | 8.2% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice