Zoe's Kitchen, Inc. (ZOES) Reports In-Line Q4 EPS, Slight Miss on Revenues

Zoe's Kitchen, Inc. (NYSE: ZOES) reported Q4 EPS of ($0.12), in-line with the analyst estimate of ($0.12). Revenue for the quarter came in at $71.4 million versus the consensus estimate of $71.58 million.

Highlights for the twelve weeks ended December 25, 2017, as compared to the twelve weeks ended December 26, 2016:

• Total revenue increased 15.2% to $71.4 million.
• Comparable restaurant sales increased 0.3%.
• Five new Company-owned restaurants opened.
• Loss from operations increased 123.6% to $2.8 million
• Restaurant contribution* increased 10.5% to $11.4 million.
• Net loss was $2.9 million, or $0.15 per basic and diluted share, compared to net loss of $0.5 million, or $0.03 per basic and diluted share. Net loss for the twelve weeks ended December 25, 2017 included a $1.1 million benefit for income taxes inclusive of a $2.2 million benefit related to tax reform. Net loss for the twelve weeks ended December 26, 2016 included a $1.7 million benefit for income taxes.
• Adjusted net loss* was $2.4 million, or $0.12 per diluted share, compared to adjusted net loss of $1.4 million or $0.07 per diluted share.
• Adjusted EBITDA* decreased 3.8% to $2.9 million.

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

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