Wednesday, January 20, 2010

Panera Bread reports very strong trends in comparable bakery-cafe sales and increases Q4 EPS target

HIGHLIGHTS
- Oct. 2009 Company-owned comparable bakery-cafe sales up 6.8% (calendar basis)
- Nov. 2009 Company-owned comparable bakery-cafe sales up 6.1% (calendar basis)
- Dec. 2009 Company-owned comparable bakery-cafe sales up 9.6% (calendar basis)
- Jan. 2010 to date Company-owned comparable bakery-cafe sales up 9.4%
- Q4 2009 EPS target raised to $0.94 to $0.95 (net of $0.05 of expected asset retirement expenses)

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