Piper Jaffray Raised Price Target on Zoe's Kitchen (ZOES) Following Q1 Results
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Zoës Kitchen Announces First Quarter 2015 Results
June 4, 2015 4:02 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 20, 2015.
Highlights for the sixteen weeks ended April 20, 2015, as compared to the sixteen weeks ended April 21, 2014:
Total revenue increased 36.2% to $63.0 million. Comparable restaurant sales increased 7.7%. Opened 12 Company-owned restaurants. Restaurant contribution increased 46.2% to $13.7 million. Adjusted EBITDA* increased 76.8% to $6.8 million. Net income was $0.7 million, or $0.04 per diluted... More