Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade PNRA now with 

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.

Register
To receive FREE breaking news email alerts for Panera Bread Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.