Bojangles (BOJA) Stock Up Following Better Than Expected Earnings

NEW YORK (TheStreet) -- Shares of Bojangles (BOJA) were up 0.23% to $25.90 in pre-market trading Friday, after the chicken and biscuits chain reported a better than expected fiscal first quarter earnings report late yesterday.

For the first quarter, the restaurant operator earned 17 cents per share, topping analysts' estimates of 15 cents per share.

Revenue grew 19.2% from a year ago to $114.64 million, also higher compared to analysts' estimates of $114.48 million for the quarter.

"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," company president and CEO Clifton Rutledge said in a statement.

Looking ahead, the company expects to report revenue of between $480 million to $487 million for fiscal 2015.

Analysts are expecting Bojangles to post  $486.57 million in revenue for the year.

Shares closed at $25.84 in Thursday's regular trading session ahead of its earnings release.

Charlotte, N.C.-based Bojangles operates 622 restaurants primarily in the Southeast, with nearly two-thirds of its restaurants located in the Carolinas.

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