Latest news with #Noodles&Company
Yahoo
22-05-2025
- Business
- Yahoo
McDonald's extends late-night service in US
McDonald's has announced an expansion of its late-night hours at a majority of its locations across the US, extending service until midnight or later. While most of the menu will be available during these extended hours, some items may be excluded based on franchisee decisions. The move comes as the fast-food giant announced its plans in early May 2025 to onboard up to 375,000 new employees for the summer. The company said in a statement shared with USA TODAY: "Our fans know there's no better way to end an unforgettable night than by feasting on your favourite McDonald's order. That's why, as the summer season kicks off, we're excited to offer up more ways for customers to satisfy their late-night cravings with more choices and expanded hours at more restaurants." The initiative excludes McDonald's restaurants in non-traditional locations such as airports and shopping malls. The brand is also planning a significant advertising campaign to promote the new late-night hours, which will feature a giveaway of 1,000 virtual gift cards for McCrispy Strips. The push for extended service hours is part of the company's strategy to improve sales after a 3.6% decline in US same-store sales in the first quarter of 2025 - its worst performance since the pandemic. Although the late-night menu will be slightly restricted, with items such as the Double Filet O' Fish not available for logistical reasons, franchisees will be required to offer staples such as the Quarter Pounder, Chicken McNuggets and McCrispy Strips. The decision to expand operating hours follows a period of reduced service that began in 2020, when McDonald's scaled back timings to help franchisees preserve cash during the Covid-19 pandemic. Other fast-food chains, such as Jack in the Box and Wendy's, have also extended their operating hours in recent years, seeking to reclaim business lost during Covid. Two other US restaurant chains, Noodles & Company and Darden Restaurants, have recently announced plans to close outlets. Noodles & Company plans to close up to 21 locations in 2025 as part of its strategy to optimise its restaurant portfolio and strengthen overall performance. Darden Restaurants closed 18 restaurants in May, including 15 units of its Bahama Breeze Island Grille concept. "McDonald's extends late-night service in US" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Purchase limits have tightened on Costco gold bars as popularity boomed
Gold has become such a hot commodity that Costco is apparently limiting how much its members can buy. The warehouse retailer began selling 24-karat gold bars to its members in 2023, with a limit of two bars per person. Now, that limit has changed to one per transaction and a maximum of two bars per 24 hours, when you look on the retailer website. The price tag for a 1-ounce South African-made gold bar? $3,279.99, much higher than the $2,000 they were going for 19 months ago, shortly after Costco began selling them. However, that price increase is understandable as gold prices have risen more than 70% over that time – hitting record highs in April. Noodles & Company: Could shutter up to 21 locations in 2025 Another listing, for the 1-ounce Gold Bar PAMP Suisse Lady Fortuna Veriscan, limits members to one item per transaction and a maximum of two items per 24 hours, down from a limit of five items per 24 hours in January. The same product had a cap of two purchases per membership in September 2023, according to an archived snapshot of the listing. The retailer also has limits on other precious metals including: 1-ounce American Eagle gold coin ($3,329.99; one per transaction and two per 24 hours) 10-ounce silver bar ($359.99; one per transaction and 10 per 24 hours) One option without a limit is the smaller 5-gram gold bar on an 18-karat gold chain, priced at $1,149.99. Costco did not respond to a request for comment from USA TODAY. The gold bars constantly sold out when they were first available online in 2023. "When we load them on the site, they're typically gone within a few hours, and we limit two per member,' Costco's then-chief financial officer Richard Galanti told analysts during the company's earnings call in September 2023, according to a transcript from S&P Global Market Intelligence. Sales of gold and other categories including jewelry were up double digits in the 24-week period ending Feb. 16, chief financial officer Gary Millerchip said. The retailer also began selling silver Canadian coins in March 2024. Costco could be making $100 million to $200 million a month by selling gold bars, Wells Fargo Equity Research estimated in April 2024. If gold prices remain high – prices rose more than 1% on Thursday, May 15 – and economic uncertainty continues, the bars could remain popular purchases. "You know things are getting weird when your mom starts eyeing gold bars at Costco like it's toilet paper in 2020," one social media user quipped. Contributing: Fernando Cervantes Jr., Mary Walrath-Holdridge and Anthony Robledo, USA TODAY. Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day This article originally appeared on USA TODAY: Costco gold bars: Retailer tightened purchase limits as prices rose
Yahoo
15-05-2025
- Business
- Yahoo
Noodles & Company increases projected closures, could shutter up to 21 locations in 2025
Fast casual restaurant chain Noodles & Company is planning to close up to 21 of its restaurants this year, the company disclosed in its first quarter earnings report earlier this month. The Broomfield, Colorado-based company said on May 7 it is planning to close 13 to 17 company-owned restaurants and four franchised locations. That's up from a prior projection of 12 to 15 company-owned closures, the chain said. Noodles & Company said it planned to add two new company-owned locations in 2025. According to the first quarter earnings report, Noodles & Company currently has 380 company-owned restaurants and 89 franchised locations. The company's location finder shows locations in 31 states. Noodles & Company did not immediately respond to a USA TODAY request for more information regarding which locations it is planning to close. Starbucks dress code: Workers are walking out. How many are protesting and why? McDonald's: Squishmallow Happy Meal toys are back for a limited time The company, founded in 1995, offers a menu "devoted to noodles," serving items such as mac & cheese, pad thai, and Japanese pan noodles, among others. The company last month introduced new variations of mac and cheese, including Buffalo Chicken Ranch Mac & Cheese and Pulled Pork BBQ Mac & Cheese, in addition to a new Green Goddess Cobb Salad and a Cajun Shrimp Fettuccine. Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@ This article originally appeared on USA TODAY: Noodles & Company closing up to 21 restaurant locations in 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
15-05-2025
- Business
- USA Today
Noodles & Company increases projected closures, could shutter up to 21 locations in 2025
Noodles & Company increases projected closures, could shutter up to 21 locations in 2025 Show Caption Hide Caption US corporate bankruptcies hit highest level since Great Recession The first three months of 2025 saw the highest number of companies filing for bankruptcy in the U.S. since 2010. Straight Arrow News Fast casual restaurant chain Noodles & Company is planning to close up to 21 of its restaurants this year, the company disclosed in its first quarter earnings report earlier this month. The Broomfield, Colorado-based company said on May 7 it is planning to close 13 to 17 company-owned restaurants and four franchised locations. That's up from a prior projection of 12 to 15 company-owned closures, the chain said. Noodles & Company said it planned to add two new company-owned locations in 2025. According to the first quarter earnings report, Noodles & Company currently has 380 company-owned restaurants and 89 franchised locations. The company's location finder shows locations in 31 states. Noodles & Company did not immediately respond to a USA TODAY request for more information regarding which locations it is planning to close. Starbucks dress code: Workers are walking out. How many are protesting and why? McDonald's: Squishmallow Happy Meal toys are back for a limited time The company, founded in 1995, offers a menu "devoted to noodles," serving items such as mac & cheese, pad thai, and Japanese pan noodles, among others. The company last month introduced new variations of mac and cheese, including Buffalo Chicken Ranch Mac & Cheese and Pulled Pork BBQ Mac & Cheese, in addition to a new Green Goddess Cobb Salad and a Cajun Shrimp Fettuccine. Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@
Miami Herald
10-05-2025
- Business
- Miami Herald
Popular Fast Food Restaurant Announces Additional Closures
Despite an uptick in sales sparked by an innovative menu adjustment, popular fast food brand Noodles & Company has revealed they plan to continue closing storefronts this year. Noodles & Company CEO Drew Madsenspoke during a recent earnings call, revealing that the company experienced a 1.8 percent traffic increase during the first quarter of 2025, with a same-store sales increase of 4.7 percent in company-owned restaurants. The positive news follows three brand new menu items introduced back in October (Lemon Garlic Shrimp Scampi, Crispy Chicken Bacon Alfredo and Chipotle Chicken Cavatappi), and a "comprehensive menu rollout in mid-March," which involved the introduction of even more new options, plus reimagined recipes for a handful of offerings. Related: Iconic Restaurant Closing Doors After Nearly 100 Years While the leader is understandably "pleased" by the results, telling listeners on the call, "This sustained and significant improvement in our sales trends demonstrates to us that the execution of our previously announced strategic priorities have gained traction," even noting that their new menu items' sales "have significantly exceeded expectations," the brand is still set to close a sizable number of locations this year. Between 13 and 17 company-owned restaurants are expected to get the axe in the remainder of 2025, as are four franchisee locations, citing rising food costs and marketing expenses. It's unclear at this time which locations may be impacted, but the brand expects to reduce its debt balance in the latter half of the year thanks to its "significantly lower capital expenditures." Next: Popular Tex-Mex Chain's Fate Revealed After Bankruptcy Copyright 2025 The Arena Group, Inc. All Rights Reserved
