Zoe's Kitchen (ZOES) Tops Q3 EPS by 2c, Updates FY Guidance

Zoe's Kitchen (NYSE: ZOES) reported Q3 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $56.4 million versus the consensus estimate of $55.66 million.

• Comparable restaurant sales increased 4.5%.

Zoe's Kitchen sees FY2015 revenue of $222-224 million, versus prior guidance of $220-224 million and the consensus of $223.95 million.

• Royalty and franchise fees of approximately $0.2 million.
• Comparable restaurant sales growth of 5.5% to 6.0% (previously 5.0% to 6.0%).
• 33 Company-owned restaurant openings (previously 31 to 33 restaurant openings).
• Restaurant contribution margin between 20.3% and 20.6% (previously 20.0% and 20.5%).
• Adjusted general and administrative expenses between $25.5 million to $25.6 million (previously $25.3 million to $25.5 million). Updated guidance includes costs related to additional regulatory requirements triggered by the Company's new SEC reporting designation as a large accelerated filer.

For earnings history and earnings-related data on Zoe's Kitchen (ZOES) click here.

You May Also Be Interested In

• MYT Netherlands Parent B.V. (MYTE) Announces Preliminary Third Quarter Results – Double-Digit Topline Growth Significantly Improved Profitability
• Safe & Green (SGBX) Provides Update on Audit and Planned 10-K Filing
• ClearSign Technologies (CLIR) Prices $9.3M Share and Warrant Offering at $0.91/sh