Bojangles' (NASDAQ: BOJA) reported Q1 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $127.7 million versus the consensus estimate of $126.14 million.

“Bojangles’ solid first fiscal quarter 2016 performance is a reflection of company and franchise teams working hard every day to provide customers with a consistent, high-quality restaurant experience. For the thirteen-week period, system-wide comparable restaurant sales grew 2.0% despite significant competitive discounting and promotional activity, and increased 9.9% and 11.6%, respectively, on a two- and three-year stacked basis. We have now generated system-wide comparable restaurant sales growth for 24 consecutive quarters,” said Bojangles’ President and CEO Clifton Rutledge.

“Our iconic brand certainly resonates across all generations through its diverse, fast-casual quality menu with QSR speed, convenience and value. This year, we are leveraging our core menu’s popularity by developing extendable platforms and limited time offers that will raise the bar on quality and uniqueness even further. We will also connect several of our menu favorites to national calendar occasions that should go a long way toward sharing the Bojangles’ experience with more and more new customers in adjacent as well as core markets,” he continued.

“Bojangles’ is a growing force in the fast-casual and QSR space and our track record of generating consistently strong results is, in part, a testament to our development strategy. We intend to expand our system by approximately 8% in net unit count during fiscal year 2016 by infilling our core North and South Carolina markets and developing in adjacent states within the Southeast. In executing our growth strategy, we will stay focused on ensuring operational excellence and providing an outstanding experience for all our customers,” he concluded.

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