Galloway Capital Partners Announces 6.01% Stake in Noodles & Company

MIAMI--(BUSINESS WIRE)--December 03, 2025--

Galloway Capital Partners, LLC ("Galloway Capital") today announced that it has acquired a 6.01% stake in Noodles & Company ("Noodles" or the "Company"). Galloway Capital believes that Noodles' shares are materially undervalued and that management and the Board should take decisive steps to enhance shareholder value through accelerated asset sales, debt reduction, and the restoration of a sustainable capital structure.

Bruce Galloway, Founder and Chief Investment Officer of Galloway Capital, stated:

"Central to our proposal is the sale of approximately 200 company-owned restaurants, a move that could generate roughly $60 million in proceeds. These funds would allow the Company to retire most of its high-cost debt, which would lower interest expense and improve cash flow as earnings per share."

Galloway continued, "This is a proven playbook and mirrors our successful turnaround investment in Regis Corporation , where the equity value improved dramatically after executing a similar deleveraging strategy driven by our activist involvement. With the right steps, Noodles can remove perceived bankruptcy risk, strengthen its balance sheet, and position the equity for substantial appreciation--as we have seen in comparable situations.

"Noodles is at a decisive turning point," Galloway added. "Management has been proactive and transparent in evaluating all strategic options, and the financial rationale behind a balance-sheet reset and targeted asset sales is compelling. Our focus is on partnering constructively with management to drive performance and unlock shareholder value."

About Galloway Capital Partners, LLC

Galloway Capital Partners, LLC is an investment firm focused on identifying undervalued publicly traded companies with significant upside potential. The firm targets deep-value opportunities supported by catalysts that can unlock substantial shareholder value.

For more information, please visit www.gallowaycap.com or contact Bruce Galloway at bgalloway@gallowaycap.com.

Important Additional Information and Disclosures

The views expressed in this press release reflect the personal opinions of the authors or speakers and are based solely on publicly available information believed to be reliable as of the date of publication. This communication is not a recommendation to buy, sell, or exchange any securities, nor does it constitute an offer to sell or the solicitation of an offer to buy any securities.

Information about Noodles & Company is available at the SEC's website at www.sec.gov. Galloway Capital Partners is not a broker-dealer or registered investment advisor. Although the firm holds shares of Noodles, it may buy or sell shares at any time without notice.

Any statements about valuation, performance, or outlook are personal opinions and should not be construed as facts. Investors should conduct their own due diligence and consult a licensed financial advisor before making investment decisions. Third-party compensation may have been provided in the creation or promotion of this content. All material is for informational and educational purposes only.

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CONTACT: Bruce Galloway

bgalloway@gallowaycap.com