Bojangles (BOJA) Stock Gains in After-Hours Trading on Earnings Beat

NEW YORK (TheStreet) -- Shares of Bojangles (BOJA) were gaining 1.4% to $26.20 after-hours on Thursday after the restaurant operator beat analysts' estimates for earnings in the fiscal first quarter.

Bojangles reported earnings of 17 cents a share for the fiscal first quarter, above analysts' estimates of 15 cents a share for the quarter. Revenue grew 19.2% year over year to $114.64 million for the quarter, above analysts' estimates of $114.48 million.

"We are delighted to have begun fiscal year 2015 with impressive growth in total revenues, adjusted EBITDA and adjusted net income for the first fiscal quarter," President and CEO Clifton Rutledge said. "The 7.9% increase in system-wide comparable restaurant sales during the first fiscal quarter continues to demonstrate the broad appeal of our iconic brand and enabled us to extend our track record of comparable restaurant sales growth to 20 consecutive quarters."

The company said it expects to report revenue of $480 million to $487 million for fiscal 2015. Analysts expect the company to report revenue of $486.57 million for the fiscal year.

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