
Panera 2012 3rd Quarter Earnings Report
St. Louis, MO
Panera Bread Company has reported its 3rd Quarter 2012 earnings. Panera revealed its third-quarter net income increased nearly 27 percent to $36.5 million, or $1.24 per share for the fiscal third quarter that ended September 25. Revenue grew 17 percent in the quarter to $529.4 million. The third quarter fiscal 2012 results compare to net income of $29 million, or $0.97 per diluted share, for the fiscal third quarter that ended September 27, 2011, and represents a 28% year over-year increase in diluted earnings per share.
Same-restaurant sales for both company and franchised Panera units were up 5.8 percent. In addition, the company also raised its fourth-quarter earnings target to $1.72 to $1.74 per share from its prior range of $1.66 to $1.70.
For year-to-date earnings which ended September 25, 2012, net income was $122 million, or $4.14 per diluted share and compare to net income of $97 million, or $3.24 per diluted share, for the thirty-nine weeks that ended September 27, 2011. This represents a 28% year-over-year increase in diluted earnings per share.
Panera