Why Zoe's Kitchen Inc Stock Popped Today
Shares of Zoe's Kitchen Inc (NYSE: ZOES) were moving higher on Wednesday in anticipation of tomorrow morning's earnings report. The stock was up as much as 11.1% today, ultimately settling with gains of 9.1%.
Image source: Zoe's Kitchen.
Zoe's shares are down nearly 70% over the last year, as the company -- like much of the rest of the fast-casual industry -- has failed to live up to the market's growth expectations. Profits have fallen over the past year, and the stock is now lingering near all-time lows.
Source: Fool.com