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Zoe's Kitchen profit beats consensus by 52.6% in fiscal Q1

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Zoe's Kitchen profit beats consensus by 52.6% in fiscal Q1

Zoe's Kitchen, Inc. said its normalized net income for the fiscal first quarter ended April 18 came to 6 cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.

EPS increased year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.2 million, a gain from $608,130 in the prior-year period.

The normalized profit margin rose to 1.5% from 1.0% in the year-earlier period.

Total revenue increased 27.6% on an annual basis to $80.4 million from $63.0 million, and total operating expenses rose 26.6% year over year to $77.3 million from $61.1 million.

Reported net income rose 75.4% year over year to $1.4 million, or 7 cents per share, from $780,790, or 4 cents per share.