Zoe's Kitchen, Inc. (ZOES) Misses Q4 EPS by 1c

Zoe's Kitchen, Inc. (NYSE: ZOES) reported Q4 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $62 million versus the consensus estimate of $62.67 million.

• Total revenue increased 17.6% to $62.0 million.
• Comparable restaurant sales increased 0.7%.
• Seven new Company-owned restaurants opened.
• Restaurant contribution decreased 1.4% to $10.3 million.
• Net loss was $0.5 million, or $0.03 per basic and diluted share, compared to net income of $2.6 million, or $0.13 per basic and diluted share. Net loss for the twelve weeks ended December 26, 2016 included a $1.7 million benefit for income taxes. Net income for the twelve weeks ended December 28, 2015 included a $3.4 million benefit for income taxes.
• Adjusted net loss* was $1.4 million, or $0.07 per diluted share, compared to adjusted net loss of $0.5 million or $0.03 per diluted share.
• Adjusted EBITDA* decreased 19.0% to $3.0 million.

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

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