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
LinkedIn Corp. (LNKD) on Thursday posted a loss for the first-quarter that widened from a year ago, hurt largely by higher operating costs. On an adjusted basis, earnings for the quarter improved and trumped Wall Street estimates, as revenues jumped 35 percent led by growth across all segments. Shares... Daily deals site Groupon Inc. (GRPN) on Thursday reported a loss for the first quarter that widened from a year ago, hurt largely by lower revenues. Nevertheless, loss for the quarter were lower than what Wall Street expected, revenues also trumped estimates. Chicago, Illinois-based Groupon's first-quarter... Shares of Amazon.com Inc. (AMZN) jumped 12 percent in after-hours on Thursday after the online retailer reported a first-quarter profit and revenues that trumped Wall Street estimates. Seattle, Washington-based Amazon reported first-quarter profit of $513 million or $1.07 per share, compared with...
comments powered by Disqus
Follow RTT