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Zoe's Kitchen reports preliminary estimates for 12 and 28 weeks ended 14 July 2014.

M2 EQUITYBITES-August 12, 2014-Zoe's Kitchen reports preliminary estimates for 12 and 28 weeks ended 14 July 2014

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Zoe's Kitchen Inc (NYSE:ZOES), a fast casual restaurant chain, on Monday reported preliminary estimates on its results of operations for the 12 week and 28 week periods ended 14 July 2014.

For the 12 week period, the company estimates that total revenues will range between USD41.6m and USD41.8m and between USD87.9m and USD88.1m for the 28 weeks ended July 14, 2014.

Also, comparable restaurant sales are estimated to have increased between 7.3% and 7.5% for the 12 week period and between 6.4% and 6.5% for the 28 week period.

In addition, income from operations are expected to range between USD1.4m and USD1.6m for the 12 week period and between a loss of USD5.1m to a loss of USD4.9m for the 28 week period.

According to the company, these preliminary results remain subject to the completion of normal quarter-end accounting procedures and adjustments and are subject to change.

The company is expected to release financial and operating results for its 12-week period ended 14 July 2014 on or around 28 August 2014.

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Publication:M2 EquityBites (EQB)
Date:Aug 12, 2014
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