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Zoe’s Kitchen Shares Sink on Lower Guidance; Jim Cramer Weighs In

May 30, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer said Zoe’s Kitchen was hit by higher wage costs and falling traffic in its most recent quarter. On Tuesday, the company reported weaker than expected second quarter revenue. It also expects full-year revenue between $277 million and $280 million, down from the $281 million it had previously expected. Shares fell 19.3 percent.

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