Buckingham Research Cuts Price Target on Zoe's Kitchen, Inc. (ZOES) Following 2Q and Guide Down
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Zoës Kitchen Announces Second Quarter 2016 Results
August 22, 2016 4:05 PM EDTPLANO, Texas--(BUSINESS WIRE)-- Zoe's Kitchen, Inc. ("Zoës Kitchen" or the "Company") (NYSE: ZOES) today reported financial results for the twelve and twenty-eight weeks ended July 11, 2016.
Highlights for the twelve weeks ended July 11, 2016, as compared to the twelve weeks ended July 13, 2015:
Total revenue increased 21.7% to $66.3 million. Comparable restaurant sales increased 4.0%. Opened nine new Company-owned restaurants and reopened a restaurant in South Carolina damaged by a hurricane last year. Restaurant contribution increased 23.7% to $14.3 million, or 21.7% of restaurant sales.... More