Zoe's Kitchen, Inc. (ZOES) Reports In-Line Q1 EPS
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Zoës Kitchen Announces First Quarter 2017 Results
May 25, 2017 4:05 PM EDTPLANO, Texas--(BUSINESS WIRE)-- Zoe's Kitchen, Inc. ("Zoës Kitchen" or the "Company") (NYSE: ZOES) today reported financial results for the sixteen weeks ended April 17, 2017.
Highlights for the sixteen weeks ended April 17, 2017, as compared to the sixteen weeks ended April 18, 2016:
Total revenue increased 12.6% to $90.6 million. Comparable restaurant sales decreased 3.3%. 10 new Company-owned restaurants opened. Income from operations decreased 39.6% to $1.7 million. Restaurant contribution* increased 1.8% to $18.0 million, or 19.9% of restaurant sales. Net income was $19.0 thousand,... More