trending Market Intelligence /marketintelligence/en/news-insights/trending/Q-kjAllAPoU6VQeb71dzDQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Zoe's Kitchen swings to profit in fiscal Q1


ESG hits the mainstream for European private equity sponsors


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1

Zoe's Kitchen swings to profit in fiscal Q1

Zoe's Kitchen, Inc. said its normalized net income for the fiscal first quarter ended April 20 was 3 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 cents per share.

The per-share result swung to a profit from the prior-year loss of 38 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $608,130, compared with a loss of $5.1 million in the prior-year period.

The normalized profit margin climbed to 1.0% from negative 11.0% in the year-earlier period.

Total revenue climbed 36.2% year over year to $63.0 million from $46.3 million, and total operating expenses climbed 15.8% on an annual basis to $61.1 million from $52.7 million.

Reported net income totaled $780,790, or 4 cents per share, compared to a loss of $10.0 million, or a loss of 76 cents per share, in the prior-year period.