Panera Bread (PNRA) Turnaround Taking Shape - Jefferies
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Panera Bread Company Reports Q1 2016 Results; Company-owned Comparable Net Bakery-Cafe Sales Increased 6.2%
April 26, 2016 4:01 PM EDTST. LOUIS, April 26, 2016 (GLOBE NEWSWIRE) -- Panera Bread Company (NASDAQ: PNRA) today reported financial results for fiscal Q1 2016.
HIGHLIGHTS
Q1 2016 Company-owned comparable net bakery-cafe sales up 6.2%Q1 2016 EPS growth of 21% on a reported basis; 11%, excluding one-time itemsCompany raises FY 2016 comparable net bakery-cafe sales target to 4.0% to 5.0%Company raises FY 2016 EPS target, excluding one-time items, to $6.50 to $6.70, up 5% to 8%Ron Shaich, Chairman and CEO,... More
