Zoe's Kitchen (ZOES) Stock Up Following Earnings, Bright Revenue Forecast

NEW YORK (TheStreet) -- Shares of Zoe's Kitchen (ZOES) were up 3.4% to $34.93 in late morning trading Friday, after the restaurant company reported its 2015 first quarter earnings late yesterday.

For the first quarter, Zoe's earned 4 cents per share, up from the loss of 2 cents in the year prior, and higher compared to the loss of 1 cent analysts were expecting.

Revenue rose 36.2% to $63 million for the quarter, also surpassing the $61.5 million analysts had forecast, according to Thomson Reuters data.

Comparable restaurant sales also increased by 7.7% in the first quarter.

"Our first quarter results reflect sustained operating momentum driven by the appeal of our lifestyle brand and commitment to operational excellence," Zoe's Kitchen president and CEO Kevin Miles said in a statement.

Looking ahead, Zoe's Kitchen forecasts fiscal year 2015 revenue of between $218 million to $233 million, versus the consensus estimate of $220.1 million in revenue.

Plano, Texas-based Zoe's Kitchen is a restaurant serving Mediterranean dishes with southern hospitality, including food delivered to the table/

The company's menu includes meals made from scratch generally using produce, proteins and other ingredients that are preservative and additive-free, including its appetizers, soups, salads and kabobs.

ZOES ChartZOES data by YCharts

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