NEW YORK (TheStreet) --Shares of Zoe's Kitchen (ZOES) are higher by 3.91% to $35.10 in after-hours trading on Thursday afternoon, following the release of the restaurant company's 2015 first quarter earnings results, which beat analysts' expectations for the period.
For the most recent quarter the company's adjusted net earnings were 4 cents per diluted share, an improvement from the adjusted net loss of 2 cents per share for the same quarter in 2014.
Analysts had forecast for a loss of 1 cent per share for the first quarter.
Total revenue grew year-over-year by 36.2% to $63 million versus the $61.5 million analysts were looking for.
"Our first quarter results reflect sustained operating momentum driven by the appeal of our lifestyle brand and commitment to operational excellence," Zoe's CEO Kevin Miles said in a statement.ZOES data by YCharts