Panera Bread (PNRA) Tops Q3 EPS by 3c; Raises Outlook
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Panera Bread Company Reports Q3 2016 Results
October 25, 2016 4:01 PM EDTST. LOUIS, Oct. 25, 2016 (GLOBE NEWSWIRE) -- Panera Bread Company (NASDAQ: PNRA) today reported financial results for fiscal Q3 2016.
HIGHLIGHTS
Q3 2016 Company-owned comparable net bakery-cafe sales up 3.4%, up 7.2% on a two-year basisQ3 2016 GAAP Diluted EPS of $1.37, up 8%Q3 2016 Non-GAAP Diluted EPS (excluding refranchising charges) of $1.37, up 4%Company raises FY 2016 Non-GAAP EPS target; full year Non-GAAP EPS target range is now $6.67 to $6.72, up 7% to 8%Digital utilization rate of 22% in Company-owned bakery-cafes at the end of... More