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Panera performs below expectations in 2Q

Panera performs below expectations in 2Q

Company cuts guidance after same-store sales, profit miss target

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



RELATED:
Panera ends donation-based menu item test
Panera prepares for CEO change
Same-store sales at NRN.com

Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless

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