Panera Bread Co (PNRA) Tops Q4 EPS by 2c; Issues Light Q1, FY14 Profit Outlook
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Price: $314.93 --0%
Financial Fact:
Cost of food and paper products: 173.24M
Today's EPS Names:
ITG, MTEX, NSYS, More
Financial Fact:
Cost of food and paper products: 173.24M
Today's EPS Names:
ITG, MTEX, NSYS, More
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Panera Bread Co (NASDAQ: PNRA) reported Q4 EPS of $1.96, $0.02 better than the analyst estimate of $1.94. Revenue for the quarter came in at $662 million versus the consensus estimate of $662.63 million.
Q4 2013 Company-owned comparable net bakery-cafe sales up 1.7%.
During the fourth quarter fiscal 2013, the Company opened 18 new bakery-cafes and its franchisees opened 24 new bakery-cafes. For the full year fiscal 2013, the Company and its franchisees opened 133 new bakery-cafes (63 Company-owned and 70 franchise-operated). As a result, there were 1,777 bakery-cafes open system-wide as of December 31, 2013.
Sees Q1 2014 EPS of $1.49 to $1.55, versus the consensus of $1.70.
The company also sees FY2014 EPS of $6.80 to $7.05, versus the consensus of $7.31. The Company is targeting Company-owned comparable net bakery-cafe sales growth for fiscal 2014 of 2.0% to 4.0%, which includes positive transaction growth, based on a comparable 52-week fiscal year. The Company expects both comparable net bakery-cafe sales growth and transaction growth to strengthen throughout fiscal 2014 as a result of the timing and momentum of initiatives that are underway.
The Company announced today that Company-owned comparable net bakery-cafe sales in the first 48 days of the first quarter fiscal 2014 were down approximately 2.2%. The Company estimates that severe weather impacted transactions and ultimately comparable net bakery-cafe sales by approximately 250 to 300 basis points in the first 48 days of the first quarter fiscal 2014.
For earnings history and earnings-related data on Panera Bread Co (PNRA) click here.
Q4 2013 Company-owned comparable net bakery-cafe sales up 1.7%.
During the fourth quarter fiscal 2013, the Company opened 18 new bakery-cafes and its franchisees opened 24 new bakery-cafes. For the full year fiscal 2013, the Company and its franchisees opened 133 new bakery-cafes (63 Company-owned and 70 franchise-operated). As a result, there were 1,777 bakery-cafes open system-wide as of December 31, 2013.
Sees Q1 2014 EPS of $1.49 to $1.55, versus the consensus of $1.70.
The company also sees FY2014 EPS of $6.80 to $7.05, versus the consensus of $7.31. The Company is targeting Company-owned comparable net bakery-cafe sales growth for fiscal 2014 of 2.0% to 4.0%, which includes positive transaction growth, based on a comparable 52-week fiscal year. The Company expects both comparable net bakery-cafe sales growth and transaction growth to strengthen throughout fiscal 2014 as a result of the timing and momentum of initiatives that are underway.
The Company announced today that Company-owned comparable net bakery-cafe sales in the first 48 days of the first quarter fiscal 2014 were down approximately 2.2%. The Company estimates that severe weather impacted transactions and ultimately comparable net bakery-cafe sales by approximately 250 to 300 basis points in the first 48 days of the first quarter fiscal 2014.
For earnings history and earnings-related data on Panera Bread Co (PNRA) click here.
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