Zoës Kitchen Announces First Quarter 2017 Results
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Zoe's Kitchen (ZOES) PT Lowered to $14 at Cowen Following 1Q Report
May 26, 2017 10:23 AM EDTCowen lowered its price target on Zoe's Kitchen (NYSE: ZOES) to $14.00 (from $19.00) while maintaining a Market Perform rating. Zoes reported 1Q17 adjusted EPS of $0.01, in line with the consensus estimate. Comps of -3.3% trailed the Consensus Metrix of -2%.
2017 comp guidance was... More
Zoe's Kitchen (ZOES) PT Lowered to $16 at Jefferies Following 1Q
May 26, 2017 7:38 AM EDTJefferies lowered its price target on Zoe's Kitchen (NYSE: ZOES) to $16.00 (from $24.00) while maintaining a Hold rating. The company reported 1Q SSS of -3.3%, below the Consensus of -2.0% with traffic/mix at -4.6%. EPS was reported in-line with consensus estimates of... More
Zoe's Kitchen, Inc. (ZOES) Reports In-Line Q1 EPS
May 25, 2017 4:10 PM EDTZoe's Kitchen, Inc. (NYSE: ZOES) reported Q1 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $90.6 million versus the consensus estimate of $92.55 million.
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, or $0.00 per basic and diluted share, compared to net income of... More