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Bojangles (BOJA) Posts Earnings Beat, Stock Slips on Weak Revenue
Bojangles Inc. just released its second-quarter earnings results, posting earnings of $0.27 per share and revenue of $131.6 million.
Currently, BOJA has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Bojangles:
1. Beat earnings estimates. The company posted earnings of 27 cents per share, beating our Zacks Consensus Estimate of $0.23.
2. Missed revenue estimates. The company saw revenue figures of $131.6 million, falling short of our estimate of $133 million.
3. System-wide comparable restaurant sales increased 0.2% and company-operated comparable restaurant sales increased 0.9%.
4. 18 system-wide restaurants were opened, including seven company-operated restaurants and 11 franchised restaurants.
5. BOJA was down 4.50% to $17.50 as of 4:15 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Bojangles’ latest earnings performance:
BOJANGLES INC Price, Consensus and EPS Surprise
BOJANGLES INC Price, Consensus and EPS Surprise | BOJANGLES INC Quote
Bojangles, Inc. owns, operates, and franchises a chain of quick-service restaurants that offer none-in fried chicken, boneless chicken, buttermilk biscuits, sandwiches, iced tea, and many other classic, southern-styled items.
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