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