1851

Zoe&rsquo;s Kitchen Inc. has released its Q1 financials, and the results are not encouraging for the fast-casual Mediterranean brand.

According to an <a href="http://www.nrn.com/finance/soft-sales-trends-dog-zoe-s-kitchen-2q?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nrn-soft-sales-trends-dog-zoes-kitchen-into-2q-2706637" target="_blank" rel="nofollow" target="_blank">article in Nation&rsquo;s Restaurant News</a>, same-store sales were down 2.3 percent compared to Q4 of last year for the Texas-based franchise. In a statement released by Zoe&rsquo;s Kitchen on Thursday, brand president and CEO Kevin Miles said &ldquo;early results in the second quarter have not show significant improvement.&rdquo;

In response to the downward trend in sales, Miles says Zoe&rsquo;s Kitchen will lower its guidance for the remainder of the fiscal year and slow future new-unit development. For existing stores, the company will focus on &ldquo;aggressive actions&rdquo; to improve sales.

&ldquo;We will slow our future new-unit growth and conduct a thorough review of&nbsp;under-performing restaurants,&rdquo; Miles said. The company will also &ldquo;re-allocate resources toward marketing and technology initiatives to drive sales,&rdquo; he said.

Read the <a href="http://www.nrn.com/finance/soft-sales-trends-dog-zoe-s-kitchen-2q?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nrn-soft-sales-trends-dog-zoes-kitchen-into-2q-2706637" target="_blank" rel="nofollow" target="_blank">full article at nrn.com</a>.

&nbsp;

Image courtesy&nbsp;of <a href="https://www.instagram.com/zoeskitchen/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nrn-soft-sales-trends-dog-zoes-kitchen-into-2q-2706637" target="_blank" rel="nofollow" target="_blank">@zoeskitchen</a>? on Instagram.

Soft Sales Trends Dog Zoe’s Kitchen Into 2Q

NRN: Soft Sales Trends Dog Zoe’s Kitchen Into 2Q

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NRN: Soft Sales Trends Dog Zoe’s Kitchen Into 2Q

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