Panera Bread Co (PNRA) Reports In-Line Q3 EPS; Lowers Q4 Outlook

Panera Bread Co (NASDAQ: PNRA) reported Q3 EPS of $1.35, in-line with the analyst estimate of $1.35. Revenue for the quarter came in at $572.48 million versus the consensus estimate of $585.52 million.

In the third quarter fiscal 2013, Company-owned comparable net bakery-cafe sales increased 1.7%, franchise-operated comparable net bakery-cafe sales increased 0.9%, and system-wide comparable net bakery-cafe sales increased 1.3% compared to the comparable period in fiscal 2012. Two year Company-owned comparable net bakery-cafe sales increased 7.9%, two year franchise-operated comparable net bakery-cafe sales increased 6.4%, and two year system-wide comparable net bakery-cafe sales increased 7.1%.

Panera Bread Co sees Q4 2013 EPS of $1.91-$1.97, versus the consensus of $2.08.

Panera Bread Co sees FY2013 EPS of $6.77-$6.83, versus the consensus of $6.81.

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

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