Panera Bread (PNRA) Guides Lower
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Panera Bread Company (Nasdaq: PNRA) said system-wide comparable bakery-cafe sales increased 1.2% for the five weeks ended May 29, 2007.
Additionally, the Company today adjusted its second quarter 2007 system-wide comparable bakery-cafe sales growth target to 1.5% to 2.5% from 3.5% to 4.5%.
The Company is also issuing a revised second quarter 2007 earnings per diluted share target of $0.38 to $0.40, versus the consensus of $0.49.
Additionally, the Company today adjusted its second quarter 2007 system-wide comparable bakery-cafe sales growth target to 1.5% to 2.5% from 3.5% to 4.5%.
The Company is also issuing a revised second quarter 2007 earnings per diluted share target of $0.38 to $0.40, versus the consensus of $0.49.
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