Panera Bread raises 2005 target

Panera Bread raises 2005 target
Tags: Bakery Cafe
November 1, 2005

Panera Bread Company recently reported that earnings per diluted share increased 32% to $0.37 for the twelve weeks ended October 4, 2005 compared to $0.28 per diluted share for the twelve weeks ended October 2, 2004. Net income for this fast casual cafe for the twelve weeks ended October 4, 2005 increased 36% to $11,669,000 compared to $8,568,000 for the same period in the prior year.

Panera Bread is increasing it's net income with third quarter earnngs increased 31%. This rising fast casual star is showing system-wide comparable bakery-cafe sales increased and 30 new fast causal bakery-cafes opened in this quarter alone.

Things definately seem to be getting better everyday for the up and coming fast casual Panera Bread.

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