Zoe's Kitchen (ZOES) Reports In-Line Q3 EPS; Trims FY16 Outlook
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Zoës Kitchen Announces Third Quarter 2016 Results
November 14, 2016 4:05 PM ESTPLANO, Texas--(BUSINESS WIRE)-- Zoe's Kitchen, Inc. ("Zoës Kitchen" or the "Company") (NYSE: ZOES) today reported financial results for the twelve and forty weeks ended October 3, 2016.
Highlights for the twelve weeks ended October 3, 2016, as compared to the twelve weeks ended October 5, 2015:
Total revenue increased 19.4% to $67.3 million. Comparable restaurant sales increased 2.4%. Opened 11 new Company-owned restaurants. Restaurant contribution increased 5.9% to $12.9 million, or 19.1% of restaurant sales. Adjusted EBITDA* increased 7.9% to $6.6 million.... More