Zoe’s Kitchen CEO: Hunger Margins

1 00:00:06,330 --> 00:00:08,910 with price of oil and gasoline headed down to levels we haven't seen 2 00:00:08,910 --> 00:00:13,030 in years this is a very good time to own high-quality well-run 3 00:00:13,030 --> 00:00:16,920 restaurant stocks so have a small somewhat specular restaurant chain it 4 00:00:16,920 --> 00:00:17,680 seemed stock 5 00:00:17,680 --> 00:00:22,000 get Hamburg over the past month even is also been falling in a copy itself 6 00:00:22,000 --> 00:00:27,140 reported a strong core arm referring to Zoe's kitchen Zoes 7 00:00:27,140 --> 00:00:30,550 the fast-casual chain serving matter training through the first filly 8 00:00:30,550 --> 00:00:34,579 became public this past April at fifteen dollars a share men jumped 64 percent 9 00:00:34,579 --> 00:00:35,380 for state read 10 00:00:35,380 --> 00:00:39,890 so is a copied its totally tapped into the current fresh 11 00:00:39,890 --> 00:00:44,570 Natural Foods Inc guys as guy like a week companies just a 130 locations in 12 00:00:44,570 --> 00:00:46,320 15 states mostly in the south 13 00:00:46,320 --> 00:00:49,260 but it seems like to be able to double the store count within the next three or 14 00:00:49,260 --> 00:00:49,899 four years 15 00:00:49,899 --> 00:00:53,420 and match please they can all we have sixteen hundred locations 16 00:00:53,420 --> 00:00:57,710 more than a tenfold increase plus always never nice upside surprise reported back 17 00:00:57,710 --> 00:00:58,660 to November 28th 18 00:00:58,660 --> 00:01:02,859 forty not form five percent revenue growth and assault 5.9 percent increase 19 00:01:02,859 --> 00:01:03,670 in same-store sales 20 00:01:03,670 --> 00:01:07,229 I don't doubt that's always the company as a bright future 21 00:01:07,229 --> 00:01:11,420 but what stock is to expect can't deliver on those big expansion plans 22 00:01:11,420 --> 00:01:15,710 let's take a closer look with Kevin miles the president and CEO of Zoe's 23 00:01:15,710 --> 00:01:16,240 kitchen 24 00:01:16,240 --> 00:01:19,310 find out more about this company am where it's headed 25 00:01:19,310 --> 00:01:22,820 mister mossbacher back to make money gonna see sir thank you 26 00:01:22,820 --> 00:01:27,159 done pretty well for a guy who were started by peel potatoes will be 27 00:01:27,159 --> 00:01:30,840 yeah I've dad that's exactly where I started right in this is Kyle quite a 28 00:01:30,840 --> 00:01:34,310 difference luby's are regarded as some place I went with my folks 29 00:01:34,310 --> 00:01:38,000 I II dinos processed or at least it was 30 00:01:38,000 --> 00:01:41,060 not initially made to order with the food coming in from the back to you guys 31 00:01:41,060 --> 00:01:41,509 do occur 32 00:01:41,509 --> 00:01:45,600 describe to me that zeitgeist change in this country between when you start in 33 00:01:45,600 --> 00:01:46,640 the restaurant business 34 00:01:46,640 --> 00:01:50,630 and what you doing you it's interesting did bring up levi's it you know we've 35 00:01:50,630 --> 00:01:52,060 made everything fresh back then 36 00:01:52,060 --> 00:01:55,670 the hours mass-produced everything was you know hand-carved beef everything 37 00:01:55,670 --> 00:01:59,670 you know made fresh change a little bit from the atmosphere standpoint the 38 00:01:59,670 --> 00:02:02,600 customers to look at that fresh quality better for you option 39 00:02:02,600 --> 00:02:05,840 it's made fresh in the back of our kitchens every day I got home so we 40 00:02:05,840 --> 00:02:06,490 brought here 41 00:02:06,490 --> 00:02:08,179 okay to take that I didn't come 42 00:02:08,179 --> 00:02:11,730 movies out by families to what movies and more since okay we will go there has 43 00:02:11,730 --> 00:02:13,119 been no was being cut fresh 44 00:02:13,120 --> 00:02:18,370 but I never felt a bit felt it was art healthier for me 45 00:02:18,370 --> 00:02:21,579 this is something the people what now they want healthier 46 00:02:21,579 --> 00:02:25,180 great I think you customers and for transparency in effect yes 47 00:02:25,180 --> 00:02:28,400 delivered didn't know what they re whether it's thank you saw today 48 00:02:28,400 --> 00:02:32,260 you know now Magdala do in common times in their happy man right here 49 00:02:32,260 --> 00:02:36,120 mom wants to know what she speaker kit she wants that knows what she's put her 50 00:02:36,120 --> 00:02:37,709 body washes give her family 51 00:02:37,709 --> 00:02:41,430 to eat today so it's really about transparency menu starts back calories 52 00:02:41,430 --> 00:02:45,030 it's about really nutrient-dense product in through the the treaty 53 00:02:45,030 --> 00:02:49,079 consuming to three cheese butter moms whose those who study your papers in all 54 00:02:49,079 --> 00:02:50,799 use the it is 55 00:02:50,799 --> 00:02:55,019 though gaughman in the house that you're appealing to you absolutely I think 56 00:02:55,019 --> 00:02:58,909 moms yet my house got two daughters in my wife beater they make all the 57 00:02:58,909 --> 00:03:01,000 decisions where we're gonna die and we're going to eat in 58 00:03:01,000 --> 00:03:05,540 moms makin $95 plus personal decisions and I'm decisions is important okay now 59 00:03:05,540 --> 00:03:08,790 you keep from Baja Fresh art mexicans the theme 60 00:03:08,790 --> 00:03:13,239 I and you see it there's like Taco Bell which police it take it but wall 61 00:03:13,239 --> 00:03:16,609 I mean there's just the appoint a tropical by Pollo Loco me 62 00:03:16,609 --> 00:03:21,349 met rainy why isn't anyone else doing it is that possibly because 63 00:03:21,349 --> 00:03:25,310 it may not have residents all over the country he will I i think you military 64 00:03:25,310 --> 00:03:26,299 gets a little bit over 65 00:03:26,299 --> 00:03:29,889 a different spin it's a lot and it's just configured in Greek is just Greece 66 00:03:29,889 --> 00:03:30,150 at 67 00:03:30,150 --> 00:03:33,139 right with no change really about all the countries in a tree in 21 countries 68 00:03:33,139 --> 00:03:34,310 around the train 69 00:03:34,310 --> 00:03:37,199 weekends to have something from Spain something from Italy something from 70 00:03:37,199 --> 00:03:37,650 Greece 71 00:03:37,650 --> 00:03:41,349 and that was always is about we're using the our menus developed around those 72 00:03:41,349 --> 00:03:45,030 countries in Metairie and so it begins back in the tradition the lifestyle the 73 00:03:45,030 --> 00:03:48,299 Metreon cooking grilling lean proteins fresh fruits vegetables 74 00:03:48,299 --> 00:03:51,870 I'm India olive oils verses other what he thinks the 75 00:03:51,870 --> 00:03:55,659 I remember the study that they had to break up the Spanish study which showed 76 00:03:55,659 --> 00:03:56,120 that there's 77 00:03:56,120 --> 00:03:59,810 it's just too healthy that doctors couldn't even wait to say that this was 78 00:03:59,810 --> 00:04:00,650 the right diet 79 00:04:00,650 --> 00:04:04,939 yeah you know I think again back to that better-for-you options data consumers 80 00:04:04,939 --> 00:04:08,500 looking for natural really was dropping our business and driving our sales now 81 00:04:08,500 --> 00:04:12,109 I look at the distribution and I we had one last time it was during the ball 82 00:04:12,109 --> 00:04:13,230 scaring you had 83 00:04:13,230 --> 00:04:18,019 room dead center in Plano it didn't impact you at all 84 00:04:18,019 --> 00:04:22,320 you a great numbers yeah you not really we we you know obviously was a scare and 85 00:04:22,320 --> 00:04:25,680 scared you around the country not just in Dallas but specifically in the house 86 00:04:25,680 --> 00:04:26,580 we heard a little bit 87 00:04:26,580 --> 00:04:31,190 but I fortunately everything you know are koenig gotten taken care of and 88 00:04:31,190 --> 00:04:32,370 Allison and the 89 00:04:32,370 --> 00:04:35,949 nurses and unfortunately for the one gentleman but are men 90 00:04:35,949 --> 00:04:39,699 so for his family and ensure there but you know it the customers really 91 00:04:39,699 --> 00:04:43,790 you came in yet still weren't overly concerned when I look at the map in 92 00:04:43,790 --> 00:04:47,139 you've got a great great about where the stores are I see thats you will have to 93 00:04:47,139 --> 00:04:50,630 check if you're in philadelphia run from you want to get your car jar and drive 94 00:04:50,630 --> 00:04:52,690 ten fifty miles to the one that you want 95 00:04:52,690 --> 00:04:56,360 are gasoline prices have to be happy absolutely no 96 00:04:56,360 --> 00:04:59,610 to a core customers probably not I as 97 00:04:59,610 --> 00:05:03,030 your touches our core customers much but it def at Def Leppard more money in 98 00:05:03,030 --> 00:05:03,650 their pocket 99 00:05:03,650 --> 00:05:06,960 but more my across the you know everywhere whether to retail worked in 100 00:05:06,960 --> 00:05:09,370 restaurants and so it's definitely give and little bit a lil 101 00:05:09,370 --> 00:05:13,510 any outward 1600 locations my guess you probably have a couple in california one 102 00:05:13,510 --> 00:05:14,180 right well 103 00:05:14,180 --> 00:05:17,740 you know california is not on our map really to get is a citizen is coming 104 00:05:17,740 --> 00:05:18,080 next 105 00:05:18,080 --> 00:05:21,330 right but to you know we're excited we think that you know sixteen her personal 106 00:05:21,330 --> 00:05:22,469 cations across US is 107 00:05:22,470 --> 00:05:26,210 absolutely attainable for us across you know the so for several years there's a 108 00:05:26,210 --> 00:05:29,460 big number since a multi-year plan I want to thank you so much they can you 109 00:05:29,460 --> 00:05:31,489 miles president CEO of Zoe's kitchen 110 00:05:31,490 --> 00:05:35,820 he was in the NFL has its own Sapra right they are the official witness in 111 00:05:35,820 --> 00:05:36,430 the NFL 112 00:05:36,430 --> 00:05:39,150 official MySpace pubs at least stay with me

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