UPDATE: Panera Bread (PNRA) Misses Q2 EPS by 2c

Panera Bread (NASDAQ: PNRA) reported Q2 EPS of $1.61, $0.02 worse than the analyst estimate of $1.63. Revenue for the quarter came in at $677 million versus the consensus estimate of $679.07 million.

Q2 2015 Company-owned comparable net bakery-cafe sales up 2.4%

Full Year Fiscal 2015 Outlook

Diluted EPS

The Company today reiterated its full year fiscal 2015 diluted earnings per share growth target of flat to down mid- to high-single digits when compared to full year fiscal 2014, excluding charges in fiscal 2015 for the Company's refranchising initiative and certain items for full year fiscal 2014, as disclosed in our fiscal Q4 2014 earnings release.

Comparable Net Bakery-Cafe Sales Growth

The Company reiterated its targeted range for fiscal 2015 Company-owned comparable net bakery-cafe sales growth of 2.0% to 3.5%.

For earnings history and earnings-related data on Panera Bread (PNRA) click here.

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