Panera Jumps on Q2 Earnings Results

Scott Rubin, Benzinga Staff Writer

July 24, 2012 3:52 PM

Tickers: PNRA

Panera Bread (NASDAQ: PNRA) released its fiscal second-quarter earnings results after the closing bell on Tuesday. The company reported net income of $44.1 million or $1.50 per share, compared to $35.7 million or $1.18 per share, in the year ago period. This compared to Wall Street analysts' consensus estimates of $1.43.

Revenues in the period were $530.6 million, an 18 percent increase from $451.1 million last year. This also exceeded Street consensus revenue estimates of $518.13 million.

Looking ahead to the third-quarter, Panera sees EPS between $1.16 to $1.18. This is slightly below Wall Street consensus EPS estimates of $1.19 for the third-quarter.

For the fourth-quarter, the company sees EPS of $1.66 to $1.70.

For fiscal year 2012, Panera lifted its EPS guidance to a range of $5.72 to $5.78 compared to previous guidance of $5.58 to $5.63. Currently, Wall Street analysts expect Panera to report EPS of $5.69 for fiscal 2012.

In Tuesday's after hours trading session, PNRA had climbed 5% to $148.77.

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