Panera Bread Co. reported on Tuesday a 15.6-percent increase in net income for its June 25-ended second quarter. However, the St. Louis-based chain lowered its guidance for the rest of the year after its same-store sales and operating earnings per share came in below expectations.
 

NET INCOME

Result: $51 million, or $1.74 per share
% increase: 15.6% (from $44.1 million, or $1.50 per share)

REVENUE

Result: $589 million
% Increase: 11% (from $530.6 million)

SAME-STORE SALES

% Increase: 3.7%

Source: Company report



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Contact Ron Ruggless at ronald.ruggless@penton.com.
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