Panera Bread Reports Q2 EPS of $0.65

HIGHLIGHTS
- Q2 2009 net income up 28% over Q2 2008
- Q2 2009 operating margin up 140 bps over Q2 2008
- Q2 2009 system-wide comparable bakery-cafe sales flat, net of the Easter impact
- Company-owned comparable bakery-cafe sales up 2.8% for the first 27 days of Q3 2009
- Q3 2009 EPS target set at $0.55 to $0.59 (up 22% to 31% versus Q3 2008)
- FY 2009 EPS target tightened to $2.60 to $2.68 (up 17% to 21% versus FY 2008 with one less week)

Read more:
http://www.panerabread.com/pdf/er-20090728.pdf