Zoe's Kitchen Misses Revenue

Shares of Zoe's Kitchen plummeted on heavy trading volume after its second-quarter revenue results missed expectations.
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Shares of Zoe's Kitchen (ZOES) plummeted on heavy trading volume after its second-quarter revenue results missed expectations. The fast-casual restaurant company reported revenue of $66.3 million, which fell short of analysts' forecasts. Earnings of $0.06 per share met Wall Street's predictions. Zoe's also lowered its full-year sales range forecast to $277 million to $280 million, down from its prior range between $277 million and $281 million.

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