Panera Bread Reports Q4 EPS Of $1.82 - Quick Facts

(RTTNews) - Panera Bread Company (PNRA) reported net income of $48.49 million or $1.82 per share for the thirteen weeks ended December 30, 2014, compared to $54.25 million or $1.96 per share, for the fourteen weeks ended December 31, 2013. EPS was up 2%, excluding a goodwill impairment charge recorded in its fourth-quarter 2014 of $2.1 million, or $0.05 per share, and excluding the estimated $0.13 per share benefit in fourth quarter 2013 from the additional operating week.

On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $1.81 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $672.50 million from $661.73 million last year. Analysts expected revenue of $675.93 million for the quarter.

On a calendar basis, company-owned comparable net bakery-cafe sales increased 3.3%, franchise-operated comparable net bakery-cafe sales increased 2.7%, and system-wide comparable net bakery-cafe sales increased 3.0% compared to the same period in fiscal 2013.

The company is targeting fiscal 2015 earnings per share growth of flat to down mid- to high-single digits when compared to full year fiscal 2014. The company is targeting company-owned comparable net bakery-cafe sales growth for fiscal 2015 of 2.0% to 3.5%.