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Panera Bread (PNRA) Tops Q3 Earnings Estimates, Raises Guidance

Panera Bread (PNRA) just released its third-quarter earnings results, posting earnings of $1.37 per share and revenue of $684.2 million.

Currently, PNRA has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Panera Bread:

Beat earnings estimates . The company posted earnings of $1.37 per share, beating our Zacks Consensus Estimate of $1.34.

Beat revenue estimates . The company saw revenue figures of $684.2 million, beating our estimate of $682 million.

"Despite an industry slowdown, our Q3 comps rose 3.4% and our two-year comps were up 7.2%. What's more, our year-over-year growth in GAAP EPS was up 8%... That's why we are confident our efforts will translate into industry-leading comps and sustainable double-digit earnings growth in 2017," said CEO Ron Shaich.

Panera raised its full-year EPS guidance. The company now expects earnings of $6.67 to $6.72 per share. The current Zacks Consensus Estimate is $6.68 per share.

PNRA was up 6.16% to $206.54 as of 4:19 p.m. EST in after-hours trading shortly after its earnings report was released.

Here's a graph that looks at Panera Bread's latest earnings performance:

PANERA BREAD CO Price, Consensus and EPS Surprise

PANERA BREAD CO Price, Consensus and EPS Surprise | PANERA BREAD CO Quote

Panera Bread Company operates a retail bakery-cafe business and franchising business under the concept names Panera Bread Company and Saint Louis Bread Company. The concept specializes in high quality food for breakfast and lunch, including fresh baked goods, made-to-order sandwiches on freshly baked breads, soups, salads, custom roasted coffees, as well as other cafe beverages, and targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with a neighborhood experience.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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