Zoe's Kitchen (ZOES) Tops Q2 EPS by 1c, Comps Up 5.6%, Updates Outlook

Zoe's Kitchen (NYSE: ZOES) reported Q2 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $54.5 million versus the consensus estimate of $53.46 million.

Comparable restaurant sales increased 5.6%.

Zoe's Kitchen sees FY2015 revenue of $220-224 million, versus the consensus of $222.91 million. (previously $218.0 million to $223.0 million).

• Royalty and franchise fees of approximately $0.2 million.
• Comparable restaurant sales growth of 5.0% to 6.0% (previously 4.0% to 6.0%).
• 31 to 33 Company-owned restaurant openings.
• Restaurant contribution margin between 20.0% and 20.5%.
• Adjusted general and administrative expenses between $25.3 million to $25.5 million (previously $24.7 million). Updated guidance includes costs related to additional regulatory requirements triggered by the Company's new SEC reporting designation as a large accelerated filer as well as a termination agreement related to a store relocation.

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

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