Zoe's Kitchen reported financial results for the fourth quarter and fiscal year 2015 ended December 28, 2015.
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Total revenue, which includes restaurant sales from company-owned restaurants and royalty fees, increased 31.7% to $52.7 million in Q4, from $40 million in the twelve weeks ended December 29, 2014.
Restaurant sales were $52.6 million, an increase of 31.8% from the twelve weeks ended December 29, 2014.
Comparable restaurant sales increased 7.7% during the twelve weeks ended December 28, 2015, consisting of a 2.8% increase in transactions, a 4.5% increase in product mix, and a 0.4% increase in price.
The comparable restaurant base includes those restaurants open for 18 full periods or longer and included 116 restaurants as of December 28, 2015.
Restaurant contribution increased 41.5% to $10.4 million from $7.4 million in the twelve weeks ended December 29, 2014.
Net income for the twelve weeks ended December 28, 2015 was $2.6 million, or $0.13 per diluted share, compared to a net loss of $1.6 million, or $0.08 per basic and diluted share, for the twelve weeks ended December 29, 2014.
Adjusted net loss was $0.5 million, or $0.03 per basic and diluted share, for the twelve weeks ended December 28, 2015, compared to adjusted net loss of $0.7 million or $0.04 per basic and diluted share, for the twelve weeks ended December 29, 2014.
2015 fiscal year results
Total revenue increased 31.9% to $226.6 million in the fifty-two weeks ended December 28, 2015, from $171.7 million in the fifty-two weeks ended December 29, 2014.
Restaurant sales for the fifty-two weeks ended December 28, 2015 were $226.4 million, an increase of 32.2% from $171.3 million in the fifty-two weeks ended December 29, 2014.
Comparable restaurant sales increased 6.3% during the fifty-two weeks ended December 28, 2015, consisting of a 1.8% increase in transactions, a 3.8% increase in product mix, and a 0.7% increase in price.
Restaurant contribution increased 40.0% to $47.9 million in the fifty-two weeks ended December 28, 2015, from $34.2 million in the fifty-two weeks ended December 29, 2014.
Net income for the fifty-two weeks ended December 28, 2015 was $1.1 million, or $0.06 per diluted share, compared to a net loss of $10.0 million, or $0.58 per basic and diluted share, for the fifty-two weeks ended December 29, 2014.
Adjusted net income was $2.0 million, or $0.10 per diluted share, for the fifty-two weeks ended December 28, 2015, compared to adjusted net income of $0.2 million, or $0.01 per diluted share, for the fifty-two weeks ended December 29, 2014. ■