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