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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• Panera prepares for CEO change
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Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless
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