Zoe's Kitchen Inc. noticed equal-store sales increase eight.1 % within the first quarter ended April 18, with menu additions giving shoppers new causes to discuss with, the company said Tuesday.
Zoe's suggested that web income rose 101.7 percent, to $1.four million, or 7 cents a share, from $692,000, or 4 cents a share, in the equal period closing year. earnings expanded 27.6 percent, to $80.4 million, from $63 million within the prior-yr period.
"Our menu additions had been neatly bought by using our visitors, giving them new causes to 'are living Mediterranean,'" spoke of Kevin Miles, Zoe's Kitchen president and CEO, citing the chain's slogan in a press release.
The business opened eleven new eating places within the quarter.
"Our a success openings in the first quarter, including our new Denver and Kansas city markets, bolster my self assurance that visitors in all geographies need the high-quality and comfort Zoës Kitchen offers," Miles referred to. "we're on pace to deliver on our 2016 development goal of 34 to 36 new places."
the first-quarter performance led Zoe's Kitchen to increase its advice for the whole fiscal 2016, Miles stated.
The enterprise now expects total revenue within the range of $277 million to $281 million, an increase from $275 million to 280 million that it had forecast past. equal-keep earnings growth changed into additionally accelerated to various 4.5 p.c to six %, in comparison with an prior range of four p.c to 5.5 p.c.
As of April 18, Zoe's Kitchen had 174 company-owned restaurants and three franchised instruments.
The company has brought 5 further eating places thus far in the second quarter and reopened a restaurant in Columbia, S.C., that became closed ultimate yr as a result of hurt from hurricane Joaquin.
Contact Ron Ruggless at ronald.ruggless@penton.comFollow him on Twitter: @RonRuggless
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