Zoe's Kitchen Inc (ZOES) reported quarterly earnings results on Tuesday, May-31-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.04. The company posted revenue of $80.41 million in the period, compared to analysts expectations of $78.89 million. The company’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Zoe's Kitchen Inc closed down -0.47 points or -1.29% at $36.03 with 3,78,298 shares getting traded on Friday. Post opening the session at $36.7, the shares hit an intraday low of $35.55 and an intraday high of $36.79 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 4, 2016, Kevin Miles (Director, President and CEO) sold 15,000 shares at $39.00 per share price. According to the SEC, on Mar 22, 2016, Thomas Baldwin (director) sold 4,000 shares at $40.00 per share price. On Mar 14, 2016, Cordia Harrington (director) purchased 1,960 shares at $37.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Zoe’s Kitchen Inc. (Zoes) primarily develops and operates fast-casual restaurants serving a range of Mediterranean dishes. As of December 29 2014 the Company had 129 Company-owned restaurants and three franchise restaurants in 15 states across the United States. The Company’s menu offers meals made generally from scratch using produce proteins and other ingredients that are preservative- and additive-free including its appetizers soups salads and kabobs. Its restaurant size averages approximately 2750 square feet. The Company’s food including both hot and cold items is used for catering in a range of business and social occasions. The Company offers social catering solutions designed for its customers’ life events including Zoes Party Packs which are bundled catering packages for birthday parties baby and bridal showers sporting and outdoor events girls night out and family gatherings.