Zoe's Kitchen, Inc. (ZOES) Misses Q1 EPS by 13c; Guides Lower
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Zoës Kitchen Announces First Quarter 2018 Results
May 24, 2018 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 16, 2018.
Results for the sixteen weeks ended April 16, 2018, as compared to the sixteen weeks ended April 17, 2017:
Total revenue increased 12.7% to $102.1 million. Comparable restaurant sales decreased 2.3%. 11 new Company-owned restaurants opened. Income from operations decreased from $1.7 million to a loss from operations of $1.8 million. Restaurant contribution* decreased 8.2% to $16.5 million, or 16.2% of restaurant... More