logo
Share SHARE
FONT-SIZE Plus   Neg

Panera Bread Q1 Profit Rises; Lifts FY12 EPS View - Quick Facts

Panera Bread Co. (PNRA: Quote) reported first-quarter net income of $41.18 million, or $1.40 per share, up from $32.77 million, or $1.09 per share in the year ago quarter.

Total revenue for the quarter increased to $498.58 million from $422.10 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.35 per share on revenues of $500.76 million for the quarter. Analysts' estimates typically exclude special items.

In the first quarter of fiscal 2012, Company-owned comparable net bakery-cafe sales increased 7.5%, franchise-operated comparable net bakery-cafe sales increased 5.2%, and system-wide comparable net bakery-cafe sales increased 6.3% compared to the comparable period in fiscal 2011.

For the second quarter of fiscal 2012, the Company targets earnings per share of $1.40 to $1.43 versus $1.18 per share in the second quarter of fiscal 2011. Analysts expect the company to report earnings of $1.40 per share for the second-quarter.

The range for the Company's second quarter of fiscal 2012 Company-owned comparable net bakery-cafe sales growth over the comparable period in fiscal 2011 is targeted at 4.5% to 5.5%.

The company now expects fiscal 2012 earnings per share of $5.58 to $5.63, compared to prior outlook of $5.50 to $5.55 per share. Analysts expect the company to report earnings of $5.61 per share for fiscal 2012.

The Company now expects to be at the high-end of its previously targeted comparable net bakery-cafe sales growth range of 4.5% to 5.5% for fiscal 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple will unveil its Apple Watch with a battery that may last only 2.5 to 4 hours on very active use, according to a report in 9to5mac. "People with knowledge of the Apple Watch's development have provided us with the specific performance targets Apple wants to achieve for the Apple Watch battery,... HARMAN International Industries, Inc. (HAR) announced it has signed an agreement with Symphony Technology Group to acquire Symphony Teleca, a privately-held global software services company. Check out this story for a look at some of We are just a few weeks into 2015 and it has already been a busy year for merger deals and merger talks. Here is a list of some of the M&A stories that have made headlines so far in 2015.
comments powered by Disqus
RELATED NEWS
Trade PNRA now with 
Follow RTT