=Bojangles (BOJA) reported earnings on Thur 3 Nov 2016 (a/h)

Bojangles beats by $0.04, reports revs in-line; raises FY16 EPS, revs guidance :

• Reports Q3 (Sep) earnings of $0.25 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.21; revenues rose 7.2% year/year to $133.2 mln vs the $132.66 mln Capital IQ Consensus.
• System-wide comparable restaurant sales increased 0.8%, consisting of a 0.2% decrease in company-operated comparable restaurant sales and a 1.4% increase in franchised comparable restaurant sales. The comparable restaurant sales decline at company-operated restaurants was composed of a decrease in transactions, partially offset by increases in price.
• Co raises guidance for FY16, sees EPS of $0.92-0.95 (Prior $0.88-0.92) vs. $0.90 Capital IQ Consensus Estimate; sees FY16 revs of $530.5-533.5 (Prior $530-533 mln) vs. $531.41 mln Capital IQ Consensus Estimate; sees system-wide comparable restaurant sales growth of flat to low-single digits (Prior: Unchanged);