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Zoe's Kitchen (ZOES) Stock Plunges on Q2 Revenue Miss, Guidance

NEW YORK (TheStreet) -- Shares of Zoe's Kitchen (ZOES) were tumbling 19.33% to $30.05 on heavy trading volume late Tuesday morning after the company posted weaker-than-anticipated revenue for the 2016 second quarter.

After yesterday's market close, the Plano, TX-based fast-casual restaurant company said revenue rose 27% to $66.3 million year-over-year. The figure fell short of analysts' estimates of $67.3 million.

Adjusted earnings of 6 cents per share met Wall Street's expectations.

Same-store sales rose 4% during the quarter, driven by a 3.1% price increase...