Fears grow for popular 471 location pasta chain amid closures and share price tanking
Shares in a once-thriving restaurant chain have dropped so much that the company faces the ax from the stock market. Noodles & Company - with 471 restaurants across 31 states - is teetering on the edge of being delisted from the Nasdaq Global Select Market after its stock price plunged below $1 as losses have mounted. The warning caps off a disastrous 2024 for the chain, which has struggled to execute a turnaround under new CEO Drew Madsen.
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