Noodles & Co. (NASDAQ:NDLS) stock surged 8% in after-hours trading on Thursday, as investors seized on optimistic commentary on comparable restaurant sales and a new value strategy from the company’s CEO. The rebound followed a brutal regular session where the stock plummeted over 29% on disappointing quarterly results.
Check NDLS’s stock price here.
What Fueled Optimism Despite A Sharp Fall?
The after-hours rally was primarily fueled by CEO Drew Madsen‘s remarks on the company’s “Delicious Duos” value platform, which was launched at the beginning of August. He revealed that the initiative is already yielding impressive results.
“Comparable restaurant sales have increased to an average of positive 5% over the past two weeks, demonstrating that our value-focused initiatives are resonating with guests,” Madsen said in a statement. This positive, forward-looking data point appeared to give investors a reason to …