Wednesday, October 28, 2009

Panera Bread Reports Q3 EPS of $0.61 (including $0.04 in net charges), up 35% over Q3 2008

HIGHLIGHTS
- Company-owned comparable sales (calendar basis) up 6.9% in the first 27 days of Q4 09
- Franchise comparable sales (calendar basis) up 6.3% in the first 27 days of Q4 09
- Q3 2009 Company-owned comparable bakery-cafe sales up 3.3% over Q3 2008
- Q3 2009 operating margin up 230 bps over Q3 2008
- Q3 2009 net income up 38% over Q3 2008
- Q4 2009 EPS target $0.85 to $0.87 (net of $0.05 of expected asset retirement expenses)
- FY 2010 EPS target set at $3.05 to $3.15 (up 14% to 18% versus target for FY 2009)

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