Panera Bread Q2 Profit Down - Quick Facts

(RTTNews) - Panera Bread Co. (PNRA) Tuesday reported second-quarter profit of $49 million or $1.82 per share, compared to $51 million or $1.74 per share in the same period last year.

On average, 25 analysts polled by Thomson Reuters expected the company to earn $1.74 per share. Analysts' estimates typically exclude special items.

Revenues improved 7 percent to $631.06 million from $589.01 million last year. Analysts expected revenues of $639.54 million.

Looking ahead to the third quarter, the company has forecast earnings in the range of $1.40 to $1.46 per share. Analysts currently expect third-quarter earnings of $1.53 per share.

Fiscal 2014 earnings are currently projected in the order of $6.65 to $6.80 per share. Analysts currently expect full-year earnings of $6.86 per share.