PNRA Raises FY05 EPS to $1.64 to $1.65

Panera Bread Company (Nasdaq: PNRA) said Fourth Quarter Revenues Increased 33.1% and System-Wide Comparable Bakery-Cafe Sales Increased 7.2% for the Four Weeks Ended December 27, 2005. The company Raises Fiscal Year 2005 Earnings Per Share Target to $1.64 to $1.65 Per Diluted Share, versus the consensus of $1.64. The Company now expects earnings per diluted share for the twelve weeks ended December 27, 2005 of $0.50 to $0.51, versus the consensus of $0.49.

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