Benzinga | Jan 10, 2022 08:12AM EST

Noodles & Company Announces Signing Of 55 Restaurant Franchise Deal In California With Warner Foods

BROOMFIELD, Colo., Jan. 10, 2022 /PRNewswire/ -- Noodles & Company (NASDAQ:NDLS) today announced a partnership with Warner Foods, which operates over 150 Jack in the Box, Black Bear Diner, and Panera Bread restaurants, as its new exclusive franchise partner for the state of California. With a 12-year growth plan commitment, Warner Foods, which will operate as NorCal Noodles, LLC (NorCal Noodles) under this agreement, will develop 40 new Noodles & Company locations throughout the state. Additionally, as part of the agreement, all 15 current company-owned Noodles & Company locations in California will be re-franchised to NorCal Noodles. The transaction is expected to close on Wednesday, January 12, 2022.