Zoe's Kitchen, Inc. (ZOES) Tops Q1 EPS by 1c, Offers Guidance

Zoe's Kitchen, Inc. (NYSE: ZOES) reported Q1 EPS of ($0.02), $0.01 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $46.3 million versus the consensus estimate of $44.68 million. Comps increased 5.7%.

FY 2014 Outlook

For the year ending December 29, 2014, the Company currently expects the following:

Restaurant sales between $166.0 million and $170.0 million. (vs Street $163.98)
Royalty and franchise fees of approximately $0.5 million.
Comparable restaurant sales growth of 4.0% to 6.0%.
28 to 30 Company-owned restaurant openings and acquisition of two franchise restaurants.
Restaurant contribution margin between 20.0% and 20.5%.
General and administrative expenses between $25.0 million and $25.8 million (inclusive of $6.1 million of equity-based compensation expense and $0.4 million of non-capitalized IPO-related expenses)

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

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