Panera Bread Co PNRA reported a 34% rise in its fiscal fourth-quarter profit.
Panera Bread's quarterly profit surged to $51.6 million, or $1.75 per share, versus $38.6 million, or $1.31 per share, in the year-earlier period.
Its revenue climbed 15% to $571.5 million, while same-store sales gained 4.9%. However, analysts expected earnings of $1.74 per share on revenue of $574.6 million.
Panera Bread shares closed at $162.97 yesterday.
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