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Zoe's Kitchen fiscal Q4 loss narrows YOY

Zoe's Kitchen, Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 28, 2015, came to a loss of 2 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 6 cents per share.

The per-share loss narrowed 53.7% year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $413,750, compared with a loss of $880,630 in the prior-year period.

The normalized profit margin climbed to negative 0.8% from negative 2.2% in the year-earlier period.

Total revenue climbed 31.7% year over year to $52.7 million from $40.0 million, and total operating expenses rose 28.9% from the prior-year period to $52.6 million from $40.8 million.

Reported net income came to $2.5 million, or 13 cents per share, compared to a loss of $1.7 million, or a loss of 9 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled 11 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 7 cents.

EPS was a loss of 29 cents in the prior year.

Normalized net income was $2.2 million, compared with a loss of $5.1 million in the prior year.

Full-year total revenue rose 31.9% year over year to $226.6 million from $171.7 million, and total operating expenses increased 24.6% year over year to $219.8 million from $176.4 million.

The company said reported net income totaled $1.2 million, or 6 cents per share, in the full year, compared with a loss of $10.1 million, or a loss of 58 cents per share, the prior year.