InfoAnda - Panera Bread Q1 Profit Jumps, But Outlook Fails To Inspire

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Home U.S. World Entertainment Sports Business Health Science Technology Politics Offbeat Environment Travel News Articles Panera Bread Q1 Profit Jumps, But Outlook Fails To Inspire Email Facebook Digg Twitter Buzz Up! ShareThis April 27, 2010 5:39 p.m. EST Topics: United States, economy, business and finance, company information Mitchell Jaworski - AHN News Reporter St. Louis, MO, United States (AHN) - Panera Bread Co. announced Tuesday that first quarter earnings jumped nearly 50 percent as revenue and same-store sales grew by double-digits. The bread and sandwich chain said first quarter earnings totaled $25.8 million or 82 cents a share, up from $17.4 million or 57 cents a share in the same period a year earlier. The result was in-line with analyst estimates. Earnings were helped by a 14 percent rise in revenue to $364.2 million, while same-store sales at company owned locations jumped 10 percent in the period. Panera reported that the first quarter same-store sales strength has continued into April, with sales up 10.3 percent coming into the final days of the month. The company also reported an increase in operating margin, up 2.6 percent in the quarter. The rise marks the eighth consecutive quarter of improvement. Looking ahead, the company expects second quarter earnings of 81 to 83 cents a share with company owned same-store sales rising by 8.5 to 9.5 percent. The guidance did fall short of expectations with analysts looking for earnings of 85 cents a share in the second quarter. Panera had a total of 1,388 locations in operation at the end of the first quarter, 585 of those are company owned while the remaining are franchised. Copyright © 2003 - 2010 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Most Popular Stories Bret Michaels Donald Trump Thinks Bret Michaels Is In “Big, Big Trouble” Porsche, NHTSA Recall 3,176 Panameras To Fix Safety Belt Flaw Paulina Porizkova Calls Heidi Montag A "Modern Tragedy" Blackberry Maker Targets 100 Million Users Michael Lohan Threatens Dina With Release Of Audio Tapes Ex-Jags Tackle John Henderson To Visit Chiefs “Glee” Covers Christina Aguilera, Diana Ross In New Episode Tito Ortiz Arrested For Allegedly Assaulting Jenna Jameson, Claims She’s Addicted To Oxycontin Ravens Lineman Michael Oher Turns Blind Side To Hollywood Spotlight Recent Posts Most Popular Comments Recent Comments Popular Threads Home | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat Follow AHN on Twitter AHN Social News connects you with friends and the news Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services © 2010 AHN All Rights Reserved

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