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Thursday, February 25, 2016

=Zoe's Kitchen (ZOES) reported earnings on Wed 24 Feb 2016 (a/h)









Zoe's Kitchen beats by $0.03, beats on revs; guides FY16 revs in-line :
  • Reports Q4 (Dec) loss of $0.03 per share, $0.03 better than the Capital IQ Consensus of ($0.06); revenues rose 31.8% year/year to $52.7 mln vs the $50.65 mln Capital IQ Consensus.
  • Comparable restaurant sales increased 7.7%.
  • Company opened five new company-owned restaurants.
  • Restaurant contribution increased 41.5% to $10.4 mln.
  • Co issues in-line guidance for FY16, sees FY16 revs of $275-$280 mln vs. $275.70 mln Capital IQ Consensus Estimate. Sees comparable restaurant sales growth of 4.0-5.5%. Expects 34 to 36 Company-owned restaurant openings. Sees restaurant contribution margin between 20.3-20.8%. 

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