logo
Share SHARE
FONT-SIZE Plus   Neg

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

Panera Bread Co. (PNRA) 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

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
RELATED NEWS
Trade PNRA now with 
Follow RTT