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Zoe's Kitchen (ZOES) Stock Falling Over 7% on Sluggish Same-Store Sales

Zoe's Kitchen Inc (ZOES) just released their third quarter earnings results, beating earnings estimates by $0.02 and beating revenue expectations with an increase of 29.4% from Q3 2014.

Currently, Zoe's Kitchen has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Zoe's Kitchen:

1. Beat earnings estimates. The company posted $0.05 , surpassing our Zacks Consensus Estimate of $0.03 (this number excludes $0.17 from non-recurring items).

2. Beat revenue estimates. The company saw revenue figures of $56.4 million , an increase of 29.4%, just slightly beating our estimate of $56 million.

3. Posted a comparable restaurant sales increase of 4.5%, which is lower than in previous quarters.

4. President and CEO Kevin Miles said that "We opened 10 new Company-owned restaurants during the third quarter, bringing our year to date openings to 29 new Company-owned restaurants. Since the end of the quarter, we have opened an additional four Company-owned restaurants to bring the total for the year to 33, matching the high end of our previous guidance."

5. ZOES was down $2.38, or 7.47%, to $29.50 as of 4:48 PM ET in after hours trading shortly after its earnings report was released.

Here's a graph that looks at Zoe's Kitchen quarterly revenue:

Zoe's Kitchen Inc. (ZOES) Quarterly Revenue | FindTheCompany

Zoe's Kitchenis a fast casual restaurant concept serving Mediterranean-style food. Zoe's Kitchen operates a range of restaurant formats, including in-line, end-cap, franchise, and free-standing restaurants. Zoe's Kitchen was founded in 1995 and is headquartered in Plano, Texas.

Check back later for our full analysis on Zoe's Kitchen's third quarter earnings report!

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ZOES KITCHEN (ZOES): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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