Panera Bread Co. (PNRA) announced after the bell Wednesday that fourth quarter Company-owned comparable bakery-cafe sales increased 7.4% on a calendar basis. The company now expects to report fourth quarter EPS between $0.94 and $0.95, including $0.05 per diluted share of non recurring charges.
Panera Bread gapped open sharply higher Thursday and is now up 4.61 at $73.00 on above average volume. The stock has broken out of a one-month trading range and has set a new high for the year.
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