Why Zoe's Kitchen, Inc. Shares Jumped 30% in November
Stock in Mediterranean fast casual chain Zoe's Kitchen, Inc. (NYSE: ZOES) soared 30.1% last month, according to data from S&P Global Market Intelligence .
Zoe's stock, which hovered near a 52-week low, jumped nearly 14% on Nov. 10, a day after the company's release of third-quarter 2017 earnings, and the "ZOES" symbol continued to rise steadily throughout the month.
The company reported a 15.7% increase in revenue to $77.9 million. But perhaps more encouraging to investors, Zoe's achieved a comparable restaurant sales decrease of 0.5%. After adjusting for the impacts of hurricanes Harvey and Irma, Zoe's would have booked a 0.4% increase. While this may seem meager, it's well ahead of Zoe's current year "comps" trend, through three business quarters, of negative 2.6%.
Source: Fool.com
